Add ability to customize the asset class menu (37 Legacy Votes)

Quicken Community

if you can add the ability to customize the asset class menu, I would find Quicken Mac useful. Otherwise it creates too many issues with importing and managing investments

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smayer97

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Chris11

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

Chris11

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.

Unknown

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

Chris11

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?

Unknown

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_fields

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Agree.  Ability to create Asset Classes to your own situation would be a plus.

Unknown

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 M

I'll vote for this one. This would be very useful.

Unknown

I would like be able to run a portfolio view or report that displays my investment portfolio (stocks, ETF's and Mutual Funds) into types of investments, e.g. small cap stocks, REIT's, Emerging Markets, Long Term Bonds, etc.. 

Unknown

I'm using the latest version of Quicken for Mac.  I would like to group my portfolio by types that are user defined, not just the Quicken default categories of Mutual Funds and Stocks.  For example, I would like to further sub-divide my securities into the asset classes of commodities (metal, energy funds), small cap stock funds, large cap stock funds, bond funds (long term, short term), etc.  This type of categorization allows me to monitor my portfolio diversification, which I must now do on spreadsheets.

Unknown

Jasdelaney said:

I'm using the latest version of Quicken for Mac.  I would like to group my portfolio by types that are user defined, not just the Quicken default categories of Mutual Funds and Stocks.  For example, I would like to further sub-divide my securities into the asset classes of commodities (metal, energy funds), small cap stock funds, large cap stock funds, bond funds (long term, short term), etc.  This type of categorization allows me to monitor my portfolio diversification, which I must now do on spreadsheets.

That doen’t help for managing the risk level of my portfolio. Mutual Fund, stock, ETF indicates the investment vehicle, but doesn’t help with monitoring diversification.

Unknown

Jasdelaney said:

I'm using the latest version of Quicken for Mac.  I would like to group my portfolio by types that are user defined, not just the Quicken default categories of Mutual Funds and Stocks.  For example, I would like to further sub-divide my securities into the asset classes of commodities (metal, energy funds), small cap stock funds, large cap stock funds, bond funds (long term, short term), etc.  This type of categorization allows me to monitor my portfolio diversification, which I must now do on spreadsheets.

I’d like to tag a specific security into my own categories.

John Burgess

Jasdelaney said:

I'm using the latest version of Quicken for Mac.  I would like to group my portfolio by types that are user defined, not just the Quicken default categories of Mutual Funds and Stocks.  For example, I would like to further sub-divide my securities into the asset classes of commodities (metal, energy funds), small cap stock funds, large cap stock funds, bond funds (long term, short term), etc.  This type of categorization allows me to monitor my portfolio diversification, which I must now do on spreadsheets.

I’ve wanted to define my own categories, and not only that, additional attributes with their own values( eg, “owner”: me, my wife, joint). Never gonna happen. Instead, I export as csv ( finally back again, yea!), then import to excel where I keep those extra columns. Then I can create pivot tables on any columns I want.

Unknown

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.

I agree -- we need the ability to add a new entry to the Asset Class list

smayer97

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.

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Elvin - Quicken 2019 (5.9.1) MacOS (10.14.1)

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 guzelimian

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.

Elvin - Quicken 2019 (5.9.1) MacOS (10.14.1)

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.

(

Elvin - Quicken 2019 (5.9.1) MacOS (10.14.1)

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. 

Unknown

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)

Chris11

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.

smayer97

This IDEA has been added to the List of Requests Related to Investments. You 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!

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Unknown

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.

Unknown

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.

mooregh1

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.

System

This discussion was created from comments split from: Asset allocation by Security Type.

AFToothDoc

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 Fisher

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 vogt

Completely agree. This feature needs to be added!