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Question

Hi,

I want to know, for the INDEX: Vanguard 500 Index Fund ETF (VOO)

Would I set the type as: Market Index or Stock or something else?

My guess is Market Index.

Using the Canadian Subscription version of Quicken but this question should not be version specific I don't think.

Tom Young · Accepted Answer

VOO is an ETF that attempts to mimic the S&P 500, it's not the index itself.  You'd want to use "stock" here.

Tom Young · Accepted Answer

@BigSpender69 
Yes, same thing.  
ETFs don't perfectly mimic an index, they can and do trade at prices that do not perfectly reflect changes in the index.  You can't really "buy" an index, they just exist as an abstraction and are mathematically calculated by whomever dreamed it up.