IRR calculations are either negative or overly positive in Mac

jcdd

New to using quicken Mac, linked my Schwab brokerage. In Performance Apple is -99% negative, United is 179% positive, every single performance IRR is wrong and way way off, and many, but not all, show the same number for 1,3 and 5 year.

John_in_NC

You mentioned that you are "new to using Quicken for Mac." Welcome!

When you "linked" your Scwab brokerage account, was this an initial download from them? If so, you likely only got partial history of your actual investment transactions (normal for banks), and balance adjustments to correct the total security amounts. The later placeholders will not have the cost basis data required to give you the correct IRR calculations.

You can go into the Transaction view of your investment accounts, and I suspect you will see transactions in light gray for Apple and United showing in light gray at the very beginning of the register. Those are the placeholder transactions. You can add the cost basis data to those, or you can replace them with the actual underlying transactions represent how you acquired all the shares they are adding in.

John_in_NC

You mentioned that you are "new to using Quicken for Mac." Welcome!

When you "linked" your Scwab brokerage account, was this an initial download from them? If so, you likely only got partial history of your actual investment transactions (normal for banks), and balance adjustments to correct the total security amounts. The later placeholders will not have the cost basis data required to give you the correct IRR calculations.

You can go into the Transaction view of your investment accounts, and I suspect you will see transactions in light gray for Apple and United showing in light gray at the very beginning of the register. Those are the placeholder transactions. You can add the cost basis data to those, or you can replace them with the actual underlying transactions represent how you acquired all the shares they are adding in.