VUG stock split doubled shares

leonard kearney

win version of quicken - schwab transaction

q_lurker

the Added 500 shares is incorrect and should be deleted.

Edit the StkSplt transaction to be 6 for 1 rather than 1 for 0.166667.

NotACPA

@leonard kearney,

Schwab, inappropriately, sent an "Add Shares" transaction rather than a "Stock Split". Their fault, but they're not the only brokerage that does such.

But the StkSplit that you had already input didn't/couldn't match with the Add, is why you ended up with a doubled quantity.

leonard kearney

updated today - got this

this in transactions

this from online center comparison

FYI, I did not enter any of these transactions. I did delete one that I thought would balance the systems.

As a former IT exec, I am dumbfounded that these types of errors, from major brokers (Schwab, Fidelity), are an ongoing problem for quicken. Just curious, has Quicken outsourced development?

Len

q_lurker

At what point do you expect Quicken to be more knowledgeable about your finances than your chosen financial institution? If your FI sent an Add Shares to Quicken, why on earth would you expect Quicken to ignore it or override it?

The investor is supposed to be in control and know or learn what is correct. If the FI sent a 1-for-0.166667 stock split, the user needs to see that as creating a problem and correct it to a 6-for-1 split. If the FI sends an Add Shares for the increase in share count creating a problem, the investor needs to see that as a problem and delete that bogus transaction.