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My experience and conclusions mirror Bob's. Quicken 99 has just been
released. I am hoping that it is smarter in this area.
I downloaded MS Money 99 for a 90 day free trial. Forget it. They advertise
(necessarily so) that they easily import Quicken files. It choked when it
tried to import mine. Serious mistake on their part. Now I can't even
evaluate their software, no matter how good the rest of the features. Kind
of like not being Y2K compliant.
Neil
| -----Original Message-----
| From: Bob Fulks [mailto:bfulks@xxxxxxxxxxxx]
| Sent: Wednesday, September 16, 1998 4:13 PM
| To: omega-list@xxxxxxxxxx
| Subject: Re: Unidentified subject!
|
|
| At 12:20 PM -0400 9/16/98, Scott wrote:
|
| >I'd like to pose a general trading question to the list
| concerning ideas
| >and opinions of software and/or methods members are using
| to keep track of
| >trades (stocks or otherwise) throughout the year for P/L
| tracking, ROI,
| >tax accounting purposes, etc. I've heard of folks using a
| program called
| >Captools and also Excell and MS-Money/Quicken. Any feedback?
|
|
| I use Quicken. There are several problems with the version I use. (I
| haven't updated to the latest version since I usually wait a
| while for the
| inevitable bug fixes on each new version.)
|
| It will not properly keep track of multiple trades in one
| day. In fact, the
| reports give serious errors if you try to use the "lot
| tracking" feature in
| such cases. Intuit admits that this is the case but
| apparently has not
| considered fixing it a priority. (I understand that this is
| not fixed in
| the latest version.)
|
| It does not properly handle short sales. To get it to
| properly report the
| gain of short sales on the Capital Gains Report, you need to
| make several
| extra entries to make it think they are two trades. Very
| confusing. (Not
| fixed in the current version.)
|
| The second, and fairly minor issue, is that it doesn't
| understand that an
| option reflects 100 shares. This is easy to work around by
| just multiplying
| all quantities by 100.
|
| Other than that it does OK and the integration with my other
| financial
| transactions is a convenience.
|
| Bob Fulks
|
|
|