Removing/Increasing Price-Per-Share Dollar Limitation

winston_jeff
winston_jeff Quicken Windows Subscription Member ✭✭
in Manage Accounts and Transactions

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!

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  • Jim_Harman
    Jim_Harman Quicken Windows Subscription SuperUser ✭✭✭✭✭

    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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  • winston_jeff
    winston_jeff Quicken Windows Subscription Member ✭✭

    Thanks, Jim. That approach would definitely work and I've thought about implementing your idea. I was really hoping that someone at Quicken would take this suggestion to heart and consider modifying the code to remove what is really an unnecessary restriction in the app.

  • Chris_QPW
    Chris_QPW Quicken Windows Subscription Member ✭✭✭✭

    You are assuming these are "unnecessary restrictions" without understanding the underline reasons for the restrictions.

    First off, there is just a matter of formatting, each digit has to fit on whatever dialog that it will appear on, and since that isn't infinite, there is one restriction. But there is another that is more likely going to be the problem.

    The variables that store these numbers have a limited amount of digits that they can store accurately. Given that they have already expanded the format to allow for crypto with 8 digits after the decimal point, they are basically running out of digits.

    And the last part of this is the target user. Quicken is a US/Canadian product for the average person. It isn't meant for people with high incomes or foreign currencies which require such large numbers.

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  • winston_jeff
    winston_jeff Quicken Windows Subscription Member ✭✭

    Thank you, Chris. I appreciate your perspective on this issue.

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