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Security Type---

How would you classify an ETF? Would you put it under mutual funds or Stocks in the Security Type.

Best Answers

  • Rocket J Squirrel
    Rocket J Squirrel SuperUser, Windows Beta ✭✭✭✭✭
    Accepted Answer
    ETFs are more like stocks than mutual funds, since the price varies during each day's trading session. I buy and sell them using limit orders, which you can't do with mutual funds.
    I created some new Security Types for Bond ETF and Stock ETF. Quicken doesn't care. The advantage to not using the Stock security type is that I can set or download the asset mixtures.
    Quicken user since version 2 for DOS, now using QWin Premier Subscription on Win10 Pro.

Answers

  • Gary R
    Gary R Member ✭✭
    Appreciate your prompt reply. Actually, Quicken treated them under OTHER in the Security window. They were also showing up Other in the Asset allocation report.
  • Rocket J Squirrel
    Rocket J Squirrel SuperUser, Windows Beta ✭✭✭✭✭
    Accepted Answer
    ETFs are more like stocks than mutual funds, since the price varies during each day's trading session. I buy and sell them using limit orders, which you can't do with mutual funds.
    I created some new Security Types for Bond ETF and Stock ETF. Quicken doesn't care. The advantage to not using the Stock security type is that I can set or download the asset mixtures.
    Quicken user since version 2 for DOS, now using QWin Premier Subscription on Win10 Pro.
  • Gary R
    Gary R Member ✭✭
    OMG
    I didn't realize that we can set up out own security types. I just added ETF's and works perfectly. It didn't even change any of the asset mix which is good.
    Thank you so much-----
  • Gary R
    Gary R Member ✭✭
    Just wanted to say that you guys are awesome and provide a great resource. You just made my life so much easier with your replies. I can't thank you enough.
This discussion has been closed.