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  #12  
Old 02-28-2006, 04:37 PM
Dick Watson
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Default Re: switch to quicken

The features of use to me in Money got limited 'round about 2002 or even
1998.

"Taylor" <123[at]456.com> wrote in message
news_ZMf.54785$7y1.27428[at]tornado.texas.rr.com...
- quote -

> Believe me, I have many complaints about Money. However, some people seem
> to think it should do everything for everybody. You have got to limit the
> features somewhere.



  #11  
Old 02-28-2006, 02:28 PM
Taylor
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Default Re: switch to quicken


"Dick Watson" <littlegreengecko[at]mind-enufalready-spring.com> wrote in
message news:%23ZVw1xGPGHA.2668[at]tk2msftngp13.phx.gbl...
- quote -

> Some developers try harder than others.
> "Taylor" <123[at]456.com> wrote in message
> news:3kQMf.52373$7y1.49061[at]tornado.texas.rr.com...
> > No software is perfect.


Believe me, I have many complaints about Money. However, some people seem
to think it should do everything for everybody. You have got to limit the
features somewhere.


  #10  
Old 02-28-2006, 12:40 PM
Dick Watson
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Posts: n/a
Default Re: switch to quicken

Some developers try harder than others.

"Taylor" <123[at]456.com> wrote in message
news:3kQMf.52373$7y1.49061[at]tornado.texas.rr.com...
- quote -

> No software is perfect.


  #9  
Old 02-28-2006, 03:28 AM
Taylor
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Posts: n/a
Default Re: switch to quicken


"SeaKan" <mattandkaren[at]highstream.net> wrote in message
news:1206p12dodp0jb5[at]corp.supernews.com...
- quote -

> would any of you ever consider switching to Quicken? Why/why not?

No software is perfect.


  #8  
Old 02-28-2006, 01:02 AM
Dick Watson
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Default Re: switch to quicken

Reinvested dividends change your basis no matter how you account for them in
Money.

"Marcia" <Marcia[at]discussions.microsoft.com> wrote in message
news:532D9CE0-1BEC-43F9-B199-5D4286D4A9ED[at]microsoft.com...
- quote -

> I, however, DO NOT want to enter my reinvested transactions as two
> separate
> transactions (one a buy instead of a re-invest) because that changes my
> "Initial Investment."
> For example, I buy mutual funds in lots of $5,000 or $10,000 and I want to
> keep those numbers as my basis - WHAT I INITIALLY INVESTED!!!!!!



  #7  
Old 02-27-2006, 11:36 PM
Cal Learner-- MVP
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Default Re: switch to quicken

In microsoft.public.money, Cal Learner-- MVP wrote:

- quote -

> There is a loss over the period of $70.

Make that an unrealized *capital* loss. There was a net gain
counting the dividend.

  #6  
Old 02-27-2006, 11:32 PM
Cal Learner-- MVP
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Posts: n/a
Default Re: switch to quicken

In microsoft.public.money, Marcia wrote:

- quote -

> The way that the investment report prints currently DOUBLES the amount of the
> gain, or return for the period. I have money market accounts set up like
> mutual funds and say it pays $10.00 in a dividend for the first quarter,
> MONEY shows it as a total return of $20.00 for the period.
> I wish it had been the $20, but no, it was only $10.
> How hard is that to understand?


That is not hard to understand. Should be $10.

Perhaps I misunderstood when you said this in
http://groups.google.com/group/micro...4c889420736a76
:
:The report shows a return of $1,102.50. NO, NO, NO. This is not the real
:return (GAIN) but the income plus or minus the gain/loss for the value of the
:stock.

I thought you were saying that summing the dividend income plus the
change in value was not the real return.

There is a loss over the period of $70.

Would you agree that 1172.5 in dividends + (-70) = $1102.50, and
that was the net gain/return over the period? It seemed that you
were saying something else.

The Wild Blue Yonder example does not use Reinvest Dividends, so it
is not this double-counting bug of ReinvestInterest or
ReinvestDividend.


- quote -

> The number in that column should simply be the difference between the
> "Beginning Balance" for the period and the "Ending Balance" you have chosen.
> Somehow, Money is taking that number and then ADDS any dividend or interest
> income (or reinvested LTG, STG's paid during the period.
> I would suggest setting up an investment account with a money market with
> say, $1,000 at $1.00 per share and for ease use a date of 10/01/05. Then,
> add a transaction for a reinvested dividend of $10.00 for 12/31/05.
> Now, look at the report and tell me what you see in the "Total Return for
> Period" and see what I mean. It will show a Return of $20 - not $10!!!


Yes, it should be $10 that the ReinvestInterest/ReinvestDividend bug
displays, rather than $20.

- quote -

> I highly suggest "Customizing" and click on "Show Calculation Delails."
> If you do this for me and you are able to show your Programming Department
> the error, you will win many KUDOS!!!!!


I don't work for Microsoft, but I will try to pass the information.

- quote -

> BTW, I used to set up computerized accounting systems when I worked. I am
> now disabled with MS, but my mind is still there. I've worked on many
> different Accounting Software systems. So, anyhow, it was important for me
> to get quirks out of the systems. This one I just feel like I'm lost in the
> abyss on getting this fixed.
> "Cal Learner-- MVP" wrote:
> > In microsoft.public.money, Marcia wrote:
> > > > > > But now they have a few problems with 2006 and I feel like I am treated like
> > > an idiot when it is the programmers, or the people in customer service who
> > > don't know about investments and rates of returns, and returns for the period
> > > and things like that.
> > > Is it your contention that dividends are not part of "return"?

>
  #5  
Old 02-27-2006, 11:04 PM
Chris Cowles
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Posts: n/a
Default Re: switch to quicken

"Marcia" <Marcia[at]discussions.microsoft.com> wrote in message
news:EAA406C7-D05E-4257-912F-D22B197BD0EA[at]microsoft.com...
- quote -

> If you do this for me and you are able to show your Programming Department
> the error, you will win many KUDOS!!!!!


'... your programming department...'? WHOSE programming department. Nobody
here works for Microsoft. Anybody responding to your posts is volunteering
their efforts.

Your attitude seems rather rude.
--
Chris Cowles
Gainesville, FL



  #4  
Old 02-27-2006, 10:48 PM
Marcia
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Posts: n/a
Default Re: switch to quicken

Elliott's posts below ARE CORRECT and he understands the problem.

I, however, DO NOT want to enter my reinvested transactions as two separate
transactions (one a buy instead of a re-invest) because that changes my
"Initial Investment."

For example, I buy mutual funds in lots of $5,000 or $10,000 and I want to
keep those numbers as my basis - WHAT I INITIALLY INVESTED!!!!!! So, no, I
do not want to do the double transaction entry way - especially when I have
over 12 years of information in my file.

Thanks.

"Cal Learner-- MVP" wrote:

- quote -

> In microsoft.public.money, Marcia wrote:
> > > But now they have a few problems with 2006 and I feel like I am treated like

> > an idiot when it is the programmers, or the people in customer service who
> > don't know about investments and rates of returns, and returns for the period
> > and things like that.

> Is it your contention that dividends are not part of "return"?

  #3  
Old 02-27-2006, 10:42 PM
Marcia
Guest
 
Posts: n/a
Default Re: switch to quicken

The way that the investment report prints currently DOUBLES the amount of the
gain, or return for the period. I have money market accounts set up like
mutual funds and say it pays $10.00 in a dividend for the first quarter,
MONEY shows it as a total return of $20.00 for the period.

I wish it had been the $20, but no, it was only $10.

How hard is that to understand?

The number in that column should simply be the difference between the
"Beginning Balance" for the period and the "Ending Balance" you have chosen.
Somehow, Money is taking that number and then ADDS any dividend or interest
income (or reinvested LTG, STG's paid during the period.

I would suggest setting up an investment account with a money market with
say, $1,000 at $1.00 per share and for ease use a date of 10/01/05. Then,
add a transaction for a reinvested dividend of $10.00 for 12/31/05.

Now, look at the report and tell me what you see in the "Total Return for
Period" and see what I mean. It will show a Return of $20 - not $10!!!

I highly suggest "Customizing" and click on "Show Calculation Delails."

If you do this for me and you are able to show your Programming Department
the error, you will win many KUDOS!!!!!

BTW, I used to set up computerized accounting systems when I worked. I am
now disabled with MS, but my mind is still there. I've worked on many
different Accounting Software systems. So, anyhow, it was important for me
to get quirks out of the systems. This one I just feel like I'm lost in the
abyss on getting this fixed.


"Cal Learner-- MVP" wrote:

- quote -

> In microsoft.public.money, Marcia wrote:
> > > But now they have a few problems with 2006 and I feel like I am treated like

> > an idiot when it is the programmers, or the people in customer service who
> > don't know about investments and rates of returns, and returns for the period
> > and things like that.

> Is it your contention that dividends are not part of "return"?

  #2  
Old 02-27-2006, 10:35 PM
Dick Watson
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Posts: n/a
Default Re: switch to quicken

Sure I'd consider it. I'm just not sure there is anything really enough
better there to even begin to justify the investment and the
left-behind-data to convert.

"SeaKan" <mattandkaren[at]highstream.net> wrote in message
news:1206p12dodp0jb5[at]corp.supernews.com...
- quote -

> would any of you ever consider switching to Quicken? Why/why not?


  #1  
Old 02-27-2006, 09:03 PM
Cal Learner-- MVP
Guest
 
Posts: n/a
Default Re: switch to quicken

In microsoft.public.money, Marcia wrote:

- quote -

> But now they have a few problems with 2006 and I feel like I am treated like
> an idiot when it is the programmers, or the people in customer service who
> don't know about investments and rates of returns, and returns for the period
> and things like that.


Is it your contention that dividends are not part of "return"?
 
Old 02-27-2006, 08:28 PM
Marcia
Guest
 
Posts: n/a
Default RE: switch to quicken

In a heartbeat - if it was easy. I have 12 years of info in my Money file
(it came with my very first IBM personal computer back in the mid 90's).

But now they have a few problems with 2006 and I feel like I am treated like
an idiot when it is the programmers, or the people in customer service who
don't know about investments and rates of returns, and returns for the period
and things like that.

So, if you have an easy way to convert - let me know!!!! So far, only
investment information is easily converted - the rest you must export each
account, payee, etc. to import into Quicken (if I read it correctly).


"SeaKan" wrote:

- quote -

> would any of you ever consider switching to Quicken? Why/why not?
  #-1  
Old 02-27-2006, 07:42 PM
SeaKan
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Default switch to quicken

would any of you ever consider switching to Quicken? Why/why not?


 

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