Can Quicken be used to model performance of my investments (edit)
i'm a data scientist new to Quicken and i'd like to use it to manage my investments (10 'funds'). in particular I’d like to use it to model possible future performance if I shift money from my existing funds to others.
it's important that i keep the information offline.
Answers
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My opinion - Quicken does a good job for the most part managing the investments you have. It is not programmed to help you forecast the future or assist you with detailed risk / reward assessment and evaluation. Your goal "to model possible future performance" suggests to me Quicken is not the right program for you.
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it's important that i keep the information offline.
That's easy, don't download, do not use Quicken Web/Mobile, that should keep all of your data out of the Quicken Cloud Account.
-splasher using Q continuously since 1996
- Subscription Quicken - Win11 and QW2013 - Win11
-Questions? Check out the Quicken Windows FAQ list0 -
I agree with q_lurker, forecasting future returns and such is not Quicken's sweet spot. It does a pretty good job of managing what you have but not modeling for future performance.
Quicken Windows user since 1993.
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thanks - then i'll probably continue to use R and excel…
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Quicken is a data keeping software program - not created for data modeling…
Suggest you ask over in the -
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the reason i want to do some modeling is that i want to explore some divestment from vanguard…
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always good financial discussions over on the Boglehead forum - but they tend to be fans of Vanguard funds -
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The Bogleheads' philosophy is: Set a diversified target asset allocation - Buy low cost index funds or ETFs - Hold - Rebalance. They do not make any attempt to time the market.
If that matches your philosophy, they are an excellent resource.
QWin Premier subscription0 -
i've been studying the history of finance during the last 200 years and find it's founded on 2 principles: navigate risk and returns, but i think the time has come to consider other factors, particularly the impact of capital on the wider environment. i want to do good without losing my assets and those of my children in the unfolding conjuncture. it may be too late, however, to prevent serious damage.
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