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Average Annual Returns are not correct

unknown

I bought some units in a mutual fund early this year & while I have only held the investment for about 6 weeks it shows a 1 year, 3 year & 5 year average annual rate of return. Why is Quicken showing a rate of return for a time period when I did not own the mutual fund?

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Comments

unknown

Those 1, 3, and 5 year average returns are not for the fund shares you own, but for the fund, most likely downloaded by Quicken for your information. Regards

Jim_Harman

Actually the Average Annual Return in the Investing Portfolio views is an Internal Rate of Return (IRR) calculation based on your holdings of the security. QWin 2018 shows the result of this calculation even if you did not have any shares at the start of the period. The calculation is valid but misleading if you did not hold the security for the whole period.

In earlier versions of Quicken, the Investing Portfolio views would display N/A if you did not hold a security at the beginning of the time period.

unknown

Actually the Average Annual Return in the Investing Portfolio views is an Internal Rate of Return (IRR) calculation based on your holdings of the security. QWin 2018 shows the result of this calculation even if you did not have any shares at the start of the period. The calculation is valid but misleading if you did not hold the security for the whole period.

In earlier versions of Quicken, the Investing Portfolio views would display N/A if you did not hold a security at the beginning of the time period.

Thanks. It would be way better if they used N/A. For Quicken to show a 3 year return when you have only held a fund for 3 weeks is very confusing & far from accurate.