Hoping they separate ETFs from Mutual Funds. Fidelity has them separate and it sure makes it easier.
In QWin, and I strongly suspect the same is true in QMac, an ETF should be created as a stock … not a Fund.
Yes, the last letter stands for Fund, but they trade more like stocks than like Mutual Funds.
Maybe this can help. In Quicken for Windows, you can change the Type for a security. I have ETF's and CEF's securities. The Securities list can be sorted by Type.
@leishirsute In Quicken Mac, there is no ETF security type. We have to use either Stock or Mutual Fund; either one works perfectly for tracking and reporting.
@Leslie Jones That said, the developers have acknowledged this; they recently added Cryptocurrency and Commodity as security types, so you might expect to see ETFs added as a security type in a forthcoming update.
True. I had to Edit Types and create new ETF and CEF types.
That's not an option for Quicken Mac, we have to use the built-in asset types.
Finally in the latest update ETF is a choice. Fantastic!
That's good to hear. Hopefully that means the next QWin update will add ETF as a choice, as well.
It’s cosmetically nice; if your brokerage lists ETFs separately from mutual funds and stocks, it may make it a little easier to compare Quicken versus the brokerage. But it doesn’t change anything functionally in terms of transactions and tracking performance.
Yes, some of the type differences don’t seem to matter in Quicken Mac. For instance, a Traditional IRA versus SEP-IRA versus SIMPLE IRA makes no difference in Quicken, unless you view your portfolio sorted by account type.
