We use quicken 2003 deluxe. Has anyone had a problem with generating a report for asset allocation. We have bank accounts that will not add to our investments. A good share of our assets are in cash, I would like to make a report so we know where we are at.
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Quicken only factors Investment and Retirement accounts into Asset diversification. I suppose for the purpose of generating the report, you could create an investment account and a bogus transaction to transfer your cash into that. When you are done with your diversification report, you can simply delete the transfers and the account.
We've had this discussion before. The purpose of the Asset Allocation graph and report are not to give you an idea of where you "are at" with all of your assets ... and liabilities (you can use the Net Worth and Account Balances reports/graphs for that); the purpose is to provide a picture of how well you are doing in relation to your Asset "Allocation" strategy. Asset Allocation is applied only to investment accounts; it is assumed that most people, when they rebalance their assets to maintain their Asset Allocation strategy, do not shift money from the checking account they use to pay their monthly bills, their Christmas savings account, the home they live in, etc.
If you have cash that you intend to, and regularly do, use as part of your Asset Allocation strategy, you should put that cash into a real world account that is considered an investment account - then you can track it in Quicken's Asset Allocation graph/report. If you are holding some of your investments in cash because that is called for by your Asset Allocation strategy, why would you be holding that cash anywhere but in a money market mutual fund, CD, T-Bill, or what have you? On the other hand, if the cash is not considered by you to be available for purchasing other security types when you rebalance your investments, then it should not be considered in Asset Allocation.
John Pollard; Thank-You for the information you have provided us.
It certainly makes sense what you have provided about the asset allocation.
I realize this question was asked before and I apologise for that.SRY!!!!
Regards: snipped-for-privacy@aol.com
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