Community Discussion: In today's update multiple securities prices have been reset to $1.00 from their actual price.

In today's update multiple securities prices have been reset to $1.00 from their actual price.

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No one should expect that switching from "Simple Investing" to "Complete Investing" will solve this problem. The problem is created by a bug; no one writes software that includes a fix for a bug that has not yet occurred ... something that would be impossible.

And in this case, it seems unlikely that a fix could be economically written to fix this bug after the fact, since it would require the fix to be able to determine which $1.00 historical prices were correct and which were not - an iffy process, subject to creating new errors, and costly, even if possible.

It is a fairly trivial (and likely to be more accurate) process for the user to manually delete multiple incorrect security prices.

Please note: much of what follows is merely an expansion of comments in the discussion by user Chris_QPW; who, as usual, has accurately addressed the problem. My comments are only intended to reinforce what Chris said, and attempt to provide a modest bit more detail.

Late in the discussion one user complains that he needs "Simple Investing" because "Complete Investing" is too much work. "Simple Investing" is a very new feature; one which users have been getting by without for decades.

Furthermore, I think "Simple Investing" is not even necessary if the goal is only to reduce the work needed to maintain correct investment account balances by security ... especially, if the user only needs those balances to agree with the statements from the financial institution (typically either monthly or quarterly).

[I believe Simple Investing intends to insure the Quicken security balances are accurate as-of each download; you could use the approach below to do that, but it seems like overkill, for those who would prefer Simple Investing.

Quicken has long had an investment transaction called "Adjust Share Balance" (often called a "placeholder"): I believe Adjust Share Balance transactions can be used to maintain investment account security balances without choosing the "Simple Investing" feature and without undue effort on the user's part. {I believe that the Simple Investing feature also uses Adjust Share Balance transactions.]

Each time an investment account statement becomes available, the user can enter one Adjust Share Balance transaction for each security in the account ... and be done. Investment account statements typically include the number of shares held for each security in the account - the user can simply enter the number of shares of each security from the statement into the Quicken Adjust Share Balance transaction.

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John Pollard
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