Net Worth Calc

jlaur_25

From the discussions I've seen...it appears the net worth is always recalculated based on current statement info for savings/checking accounts and historical prices and holdings for investment accounts...in other words it isn't a snapshot/point in time reference correct? Thanks!

Tom Young

A Net Worth report presents your position at a point in time.  It's a snapshot of the value of all your Accounts "as of" a selected date.  If by "historical prices" you're referring to the valuation of securities, the only price used in the Net Worth report is the quoted price on the "as of" date you've selected.

Quicken has the ability to to show your net worth over a period of time all in one report.  So if you select an interval of a month say, the report will have multiple columns spanning the period you've selected with columns for each month in the period.  Each column will use the information associated with each month's "as of" date.

splasher

Correct.  You can change the interval to see the NW over time.

Tom Young

A Net Worth report presents your position at a point in time.  It's a snapshot of the value of all your Accounts "as of" a selected date.  If by "historical prices" you're referring to the valuation of securities, the only price used in the Net Worth report is the quoted price on the "as of" date you've selected.

Quicken has the ability to to show your net worth over a period of time all in one report.  So if you select an interval of a month say, the report will have multiple columns spanning the period you've selected with columns for each month in the period.  Each column will use the information associated with each month's "as of" date.