Home Quicken for Mac Product Ideas - Quicken for Mac Investments (Mac)

Add ability to customize the asset class menu (30 Legacy Votes)

vibaby2vibaby2 Member ✭✭
edited November 2019 in Investments (Mac)
if you can add the ability to customize the asset class menu, I would find Quicken 2018 useful. Otherwise it creates too many issues with importing and managing investments


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23
23 votes

Under Consideration · Last Updated

Submitted for review 5/8/20

«1

Comments

  • smayer97smayer97 SuperUser ✭✭✭✭✭
    edited December 2018
    You can also add your VOTE to a related idea to Add ETF (and others) to security types.

    First, click on the underlined link above to go there, then click VOTE at the top of THAT page, so your will vote count for THIS feature and increase its visibility to the developers by seeking to have the features you need or desire end up in the latest version.

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    (
    Canadian Q user since '92, STILL using QM2007)

  • ChrisChris Member ✭✭
    edited December 2018
    I second this.  I need to be able to track, for example, small cap and emerging market funds as well as commodities such as gold and oil.  These are separate form simply "International Stocks" or "US stocks".  I'm currently using Q2016 Canada
  • ChrisChris Member ✭✭
    edited December 2018
    In reading this post again, I want to be clear that what I want is to be able to edit the ASSET CLASS information.  The original poster in this thread named the thread "asset class" but then his first post actually relates to investment type, not asset class.

     In Quicken Win2016 (Canada) I can already edit the "Type" of security.  I cannot edit the asset class choices, which is what I want to be able to do as well.

    image
  • David SaundersDavid Saunders Member
    edited December 2018
    I just updated to Q2018, and a bit frustrated to find the 'Asset Class' list has been changed - not consistent with Q2017, and has automagically reassigned many (all?) of my Canadian equity securities in my data file to the 'Domestic Bonds' class. This isn't the only change moving to 2018 version that is a bit odd
  • ChrisChris Member ✭✭
    edited November 2019

    I just updated to Q2018, and a bit frustrated to find the 'Asset Class' list has been changed - not consistent with Q2017, and has automagically reassigned many (all?) of my Canadian equity securities in my data file to the 'Domestic Bonds' class. This isn't the only change moving to 2018 version that is a bit odd

    What are the asset classes listed in Q2018?
  • David SaundersDavid Saunders Member
    edited November 2019

    I just updated to Q2018, and a bit frustrated to find the 'Asset Class' list has been changed - not consistent with Q2017, and has automagically reassigned many (all?) of my Canadian equity securities in my data file to the 'Domestic Bonds' class. This isn't the only change moving to 2018 version that is a bit odd

    actually found I had accidentally installed the US version of Q18. Went back and reinstalled the Canadian version and my original asset classes (consistent with prior Canadian versions) were restored. So there is a marker in the security record for this, but the description attached to the different values for that marker is different in the US and Canadian versions of Quicken. But you still can't create more, this is a fixed list delivered in the system.
  • tn_fieldstn_fields Member
    edited November 2019

    Meanwhile, you can also add your VOTE to a related idea to Add ETF (and others) to security types.

    First, click on the underlined link above to go there, then click VOTE at the top of THAT page, so your will vote count for THIS feature and increase its visibility to the developers by seeking to have the features you need or desire end up in the latest version.

    While you are at it, you may want to add your VOTE to related IDEAS found on the List of Requests Related to Investments. Click on the underlined link, then follow the instructions to add your vote to more related ideas. Your VOTES matter!

    (If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)

    Agree.  Ability to create Asset Classes to your own situation would be a plus.
  • Cheryl CampbellCheryl Campbell Member
    edited December 2018
    I would like an asset class to track my TreasuryDirect holdings. That is my early retirement cash bucket consisting of I-bonds and 26-week T-bills. By having a separate asset class, my retirement cash bucket will be separately reported instead of being buried within domestic bonds. As the second poster mentioned I want the ability to add an asset type of my own -  I am fine with the investment types as they are.
  • Roger MRoger M Member ✭✭✭✭
    edited December 2018
    I'll vote for this one. This would be very useful.
    Quicken Windows Premier - Subscription **** Windows 10 Home *** Quicken user since 1996
  • Rick HoffRick Hoff Member
    edited November 2019

    In reading this post again, I want to be clear that what I want is to be able to edit the ASSET CLASS information.  The original poster in this thread named the thread "asset class" but then his first post actually relates to investment type, not asset class.

     In Quicken Win2016 (Canada) I can already edit the "Type" of security.  I cannot edit the asset class choices, which is what I want to be able to do as well.

    image

    I agree -- we need the ability to add a new entry to the Asset Class list
  • smayer97smayer97 SuperUser ✭✭✭✭✭
    edited November 2019

    In reading this post again, I want to be clear that what I want is to be able to edit the ASSET CLASS information.  The original poster in this thread named the thread "asset class" but then his first post actually relates to investment type, not asset class.

     In Quicken Win2016 (Canada) I can already edit the "Type" of security.  I cannot edit the asset class choices, which is what I want to be able to do as well.

    image

    Remember to add your vote to at the link above. Your VOTES matter!

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    (
    Canadian Q user since '92, STILL using QM2007)

  • edited December 2018
    In Quicken 2007, I used the "Goal" which I guess is now "Asset Class" which was user customizable along with "Asset Type." Made it possible assign categories as micro/macro as needed for my asset allocation needs. Was also convenient that Morningstar Fund Category was kept separate, so that it could inform me if I'd need to update my own asset class/goal designation. 
  • vahe guzelimianvahe guzelimian Member ✭✭
    edited November 2019

    I just updated to Q2018, and a bit frustrated to find the 'Asset Class' list has been changed - not consistent with Q2017, and has automagically reassigned many (all?) of my Canadian equity securities in my data file to the 'Domestic Bonds' class. This isn't the only change moving to 2018 version that is a bit odd

    It's very frustrating that Q2018 doesn't allow you to customize asset class. I use Emrging Markets Growth, Emerging Markets Value, International Small Value, etc. Q2018 Mac is totally useless for investments for me. I have to stick with Q 2007 Mac forever!!! Boohoo! I still think that Q2007 Mac is the very best version for Mac OR PC. Multiple windows and rich investment reports and other features.
  • edited November 2019

    I just updated to Q2018, and a bit frustrated to find the 'Asset Class' list has been changed - not consistent with Q2017, and has automagically reassigned many (all?) of my Canadian equity securities in my data file to the 'Domestic Bonds' class. This isn't the only change moving to 2018 version that is a bit odd

    While I'm crossing my fingers that this feature is added just like Q2007 had user defined "Goals", I'm using the default labels as placeholders for asset classes I want. It's not pretty, but it's a workaround for now while I'm testing Q2018+ and keeping Q2007 ready to fall back on. It is of course too much to ask about any asset allocation tools that seem to be available on the Windows side. Also attaching below the list of current Asset Classes in 2018+ for those asking and those who have yet to upgrade.

    (
  • edited December 2018
    Curious point is that apparently Windows users must have a better workaround since this feature request is only on the Mac side though it appears that customizable asset classes are not available in Windows since older forum complaints came from them. 
  • Cheryl CampbellCheryl Campbell Member
    edited November 2019

    I just updated to Q2018, and a bit frustrated to find the 'Asset Class' list has been changed - not consistent with Q2017, and has automagically reassigned many (all?) of my Canadian equity securities in my data file to the 'Domestic Bonds' class. This isn't the only change moving to 2018 version that is a bit odd

    Thanks for posting that Elvin. At least, what I can do as a kludge, is to use the MONEY MARKET class to hold my TreasuryDirect t-bills which I am building as a cash nest egg. (rather than having it embedded with all my bond funds)
  • ChrisChris Member ✭✭
    edited December 2018
    Again, to be clear, security types are customizable in QWin, but asset classes are not.  The ability to add customizable asset classes is what this thread is about.  And yes, this applies to QWindows as well.
  • smayer97smayer97 SuperUser ✭✭✭✭✭
    edited December 2018
    This IDEA has been added to the List of Requests Related to InvestmentsYou may want to click on the underlined link, then follow the instructions to add your vote to other related IDEAS.

    Click on the underlined link, then follow the instructions to add your vote to more related ideas. Your VOTES matter!

    (If you find this reply helpful, please be sure to click "Like", so others will know, thanks.)
    Have Questions? Check out these FAQs:COMPLETE list of Product Ideas - Quicken for Mac to VOTE on

    Object to Quicken's business model, using up 25% of your screen
    ? Add your vote here:
    Quicken should eliminate the LARGE Ad space when a subscription expires


    (
    Canadian Q user since '92, STILL using QM2007)

  • Cheryl CampbellCheryl Campbell Member
    edited December 2018
    We desparately need this. I hold T-bills in TreasuryDirect. They are a retirement bucket for me.   I don't want to call them "cash" because it would get lumped into personal banking. I don't want to call them Domestic Bonds because they are not the same as bond funds and individual bonds under that label which are long term holdings. They are - essentially - a special flavor of cash, and I need a new lable to attach to them. For now, I am using the built-in MoneyMarket label, but that is a kluge, and only works because I don't own any other money market accounts.
  • Chris MartinChris Martin Member
    edited December 2018
    This would be a great upgrade.  I track investments across 5 different investment accounts and it's very hard to get an accurate read on what we own in what asset classes.  I'd like to see something that mirrors Morningstar's "Style Map" (Small/Medium/Large, Value/Blend/Growth for stock ETFs and mutual funds; Limited/Moderate/Extended, High/Medium/Low Quality for Bond funds).  Also, domestic vs. international for both would be desirable.

  • I have the same complaint.  With Quicken 2007 I could create custom asset types to analyze my portfolio.  The current Quicken for Mac has only a few broad security types, which are not sufficient.  It should not be too difficult to add a feature to create custom types.
  • SystemSystem Member ✭✭✭
    This discussion was created from comments split from: Asset allocation by Security Type.
  • AFToothDocAFToothDoc Member ✭✭
    More asset classes and the ability to customize asset classes is a great idea. The Investment Module badly needs an overhaul. People have been asking for this for many years. This is especially important now that companies are dumping their pension plans and placing the responsibility for investing and retirement on the employee. 
  • Stephen FisherStephen Fisher Member ✭✭✭
    And there are competing securities classes in the same list, so you can't chose between small cap and large cap if you select International securities.  I learned in my first database design class that you can't have 2 options in list where you only select one.  It requires a different list.
  • todd vogttodd vogt Member
    Completely agree. This feature needs to be added!
  • 186kmph186kmph Member ✭✭
    Currently there is only a limited set of asset classes and many standard ones (such as Mid Cap) are not present. Please add the ability to create and manage Asset Class much like categories so I can properly manage my investment. This is needed for rebalancing of a portfolio across the holdings in a particular class.
  • lanceaustxlanceaustx Member
    Indeed, this would be a real help for the many of us who actively manage our own portfolios and pay attention to more detailed allocations than just the simple asset categories that Quicken presently provides.
  • jacobsjacobs SuperUser ✭✭✭✭✭
    @lanceaustx @186kmph @todd vogt and any others who want to see this functionality added to Quicken Mac: make sure you vote for this feature by going to the first post in this thread, finding the blue box with votes, and clicking the small gray arrow under the vote counter. Posting comments is good, but you must vote to move this item higher up the developers' priority list. 
    QMac 2007 & QMac Subscription • Quicken user since 1993
  • vahe guzelimianvahe guzelimian Member ✭✭
    This feature should be at the top of the list of features to modify. Without being able to customize asset class or investment type, asset allocators CAN'TR use Quicken 2019 Mac. I have to still use Quicken 2007 Mac because the current version doesn't allow me to define all the asset classes I use. I've been paying for Quicken by subscription since it came out and I have just thrown the money away. I thought they would have enabled custom asset classes by now.
  • jacobsjacobs SuperUser ✭✭✭✭✭
    @vahe guzelimian Your note highlights the problem with all the features users want to see added to Quicken Mac. For you, this should be at the top of the priority list. For people who extensively use the budget, adding the ability to include transfers is at the top of the list. For people who keep books for small non-profits, adding Income Statement and Balance Sheet reports should be at the top of the list. For many investors, investment reports are at the top of the list. And so on...

    Depending how we each use Quicken, different features "should be at the top of the list." The developers have to pick based on what they perceive will have the greatest impact or affect the largest number of users. That's where voting helps. But fortunately, voting here is only one of many factors they take into account when deciding which requests to tackle. This idea topic has only 35 votes as of the time I'm writing this, which isn't as high as many others. That doesn't mean it won't get done, but it gives you some idea that Quicken Mac users have rated some other issues as higher priorities.

    I'd suggest that while you're waiting, you perhaps try to develop a workflow of dropping your investment data into a spreadsheet so you can do the allocation analysis there that you can't currently do in Quicken. For instance, you could view your securities in Quicken, print to a PDF file, and use one of several free PDF-to-Excel applications to open the data in Excel (or Numbers). It's not optimal, but it should make Quicken better than unusable for you.
    QMac 2007 & QMac Subscription • Quicken user since 1993
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