Get rid of Quicken (The return of the 90's)

I remember over the years Quicken has had many problems .. now I have to report that Moneydance wins. Today Quicken completely screwed up my 401K, there was 1 transaction from Prudential, a dividend reinvest (simple?) .. it made 4 transactions out of this, 2 placeholders (?) and two transactions .. the net result was the fund went down by half and I was left having to do the whole thing manually. I downloaded from one of my accounts and I see we have about 5 options for Quicken ending in 2010 .. is this some game? The fact is Quicken will dump this product soon, and personally I don't want my passwords and account numbers all over the web .. the alternative is Moneydance a somewhat primitive, although effective tool and the only downside is it's not free. JACL

Reply to
JACL
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Does Moneydance connect directly with FIs, or do you have to download files and then import them?

If it's the latter, add that to the "downside" list.

Reply to
Notan

That is an excellent question. Have you successfully downloaded transactions?

I downloaded the trial version of MD which apparently permits unlimited downloads. So I set up an account to link to my Smith Barney account. But every time I tell it to download its transactions MD fails and I get an error box:

"There was an error communicating with your financial institution. The details of this error are below. A communication or parsing error occurred. This could be the result of a network problem, a proxy error, or misconfigured server. Error Description: java.io.IOException: HTTP Error:500 Server Error." This is on the same laptop PC (running Windows 7 64 bit) that downloads with no problem into Quicken. That is what is stopping me from really testing MoneyDance.

Jeff

Reply to
Jeff

How do you really know that? And will you be able to export all your cumulative Quicken data into some other app?

And if Quicken stops support, what stops you from using the product, unmodified, for the next N years? The eventual switch to a 128 bit OS in 2014 (?), which _supposedly_ won't support "legacy" 32 bit applications? I'm assuming that even Q 2010 is still a 32 bit application.

Completely, completely agree, at least 225% on this point. The only real security is an "air gap" between your data and the Internet.

-ah

Reply to
Andrew Hamilton

Andrew Hamilton wrote in news: snipped-for-privacy@4ax.com:

I'd have guessed "8 bit" myself.

Reply to
Eric J. Holtman

"Today Quicken completely screwed up my 401K, there was 1 transaction"

Pretty high standards for a total screw-up.

OTOH, I have to fix almost every transaction (about 40 per month) I receive from Vanguard each month. I don't blame Quicken - I known Vanguard's data file needs improvement.

Oilcan

-----Original Message----- From: Eric J. Holtman [mailto: snipped-for-privacy@ericholtman.com] Posted At: Friday, March 12, 2010 6:45 AM Posted To: alt.comp.software.financial.quicken Conversation: Get rid of Quicken (The return of the 90's) Subject: Re: Get rid of Quicken (The return of the 90's)

Andrew Hamilton wrote in news: snipped-for-privacy@4ax.com:

I'd have guessed "8 bit" myself.

Reply to
Oilcan

I have same problem with Ameritrade, when the Mutual fund has a dividend, they send me a buy and a Reinvest dividend, Ameritrade says they are working on it, but has been over a year now. Yes I have to do a manual correction.

Reply to
Meebers

Just want to get this right - you actually receive TWO transactions that end up purchasing the same number of shares twice? The BUY and REINVEST DIVIDENDS are two separate transactions, say, for .015 shares twice of the same stock? That theoretically will end up having a negative cash balance in your account...that's what you have to manually fix?

Wow!

Reply to
Andrew

It should only be one transaction, Reinvest OR .... another way, dividend and a buy. It is a little wacky on how it works. It does not actually buy the shares twice because the Reinvest transaction contains everything except the # shares involved, only the buy transaction does. I have to edit the reinvest transaction, copy in the # shares and exit, then delete the buy info. First noticed this when my cash balance was short and saw the BUY removing cash. The Reinvest itself should not change the cash balance (normally) . Another headache is when I receive a dividend ( BUY Reinvest) for a MF that was sold several days ago. I Delete both transactions and make a simple dividend entry. (cash) :o)

Reply to
Meebers

What happens is you logon at the bank and many of them have a 'download' option where you select usually Quicken, Money or a comma delimited file .. in your system you will have a default program which 'uses' that file, if I choose Quicken it gives me an error saying it cannot validate the institution, but MD just asks for an a/c verification and works fine. My point was that one of my banks has a list of Quicken options?? JACL

Reply to
JACL

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