Removing/Increasing Price-Per-Share Dollar Limitation
The current limit in Quicken Classic Premier for price-per-share entries is $99,999,999.99. While this is more than sufficient for virtually all typical stocks and bonds, it becomes problematic when tracking investments in private equity and/or venture capital funds. Oftentimes, the ownership in such funds is a small fraction of a single share (e.g., 0.0005 shares) and the effective price-per-share computes to be far higher than the current limit ($200M+/share). As such, one cannot accurately track the value of such investments in Quicken. My idea is that this limit needs to be raised to 10 times the current value in order to accommodate this class of investment. If anyone has any suggestions on how to work around this problem, I'm open to ideas!
Comments
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Since these share prices are set and updated manually, I would think that you can set the share price to 1/1000 of the actual price and and track your holding as 1000x the number of shares you actually hold.
Then in your example the share price would be $200,000 and you would tell Quicken you have 0.5 share.
Would that work for you?
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