Is there a way to exlude specific securities from a Net Worth report?
The situation is, I have a brokerage account that contains securities that cover different goals. For example, funds for retirement savings and funds for college savings that coexist in the same brokerage account. But I cannot generate a report for either goal that shows the balances of each (e.g. how much have I saved for college?). You can exclude whole accounts but not individual securities in that account.
Is there something like Tags for securities? Am I missing something?
There should be a way to exclude specific securities in accounts in Net Worth reports.
Answers
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In my experience, retirement funds are always kept in a separate account; tax-free and tax-deferred retirement accounts should not be commingled with taxable non-retirement investments. Or are you saying that you have a single brokerage account which is a taxable account, but you have multiple different intentions for what the money in that account will be used for in the future? Goals aren't something a net worth report would reflect; a net worth report shows the financial accounts which exist in the real world.
If you want to track and plan your investments by goal, I'm wondering if you could have your brokerage institution split your single account into two or more accounts reflecting which securities you want to earmark for specific goals.
Alternatively, you could export a Portfolio report of your holdings isn this account, and then group them in a spreadsheet according to which securities you intend for each goal.
Quicken Mac Subscription • Quicken user since 19931 -
Not all retirement savings are in tax-deferred accounts, but the question has nothing to do with retirement savings. It's common to have several "buckets" of different savings goals (e.g. vacation, new house purchase). Quicken should allow me to see the status of goals that may be mixed inside an account(s). Whether you want to call it a net worth report (which can be tailored by excluding accounts and therefore goals if in separate accounts - why not by securities?) or something else, it's a reporting deficiency for a budgeting and investment tool.
Yes, I currently export my investment portfolio to a spreadsheet and separate out the goals (and other analyses). But I would think this would be a basic function for investors and an investment dashboard.
Quicken is a great budgeting and basic investing tracking tool. However, I find Quicken a weak tool for serious investors and I export the investment portfolio for other reasons and to create a useful and informative dashboard, so it's not a huge deal.
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@barryi There's are a couple Product Idea posts related to this that you might want to add your vote to.
This one is for adding sub-accounts:
And this one is for adding savings goals:
Click on the little yellow box in the top post in each of those to add your vote.
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Yes! Great ideas. Thanks
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