Using Q H&B 2006. The year-to-date return % in my Portfolio view are total nonsense. With mutual funds, they are the same as the one year return%. With everything else they are just ridiculous. A 45% return in a stock that has gone down? The same negative return for INTUIT that it's shown for months, when this is one of the few that actually has a small positive gain YTD. Other entries are equally off the mark. Is this only my experience? It's really driving me crazy. Help!
jo
Jo - If you find any sort of solution please post it. My investment calculations are utter rubbish. My solution has been to export my Fidelity portfolio to Excel and insert my own calculations. There does not seem to be a solution within Quicken. I have just spent an hour trying to make Microsoft Money work with Vista. That does not give me a great deal of faith that Money is better.
Quicken has had a persistent problem with IRR, YTD returns, etc. I did a lot of reading about how this works and it comes down to Intuit using a common IRR calculation for all of their return calculations. This IRR requires prices for the security on the first day of the year and on the last day of the year even though you are asking only about say, a one-month period or a few months of the current year. So, it may not have the numbers it needs and has to do the best it can with your data file. This means the calculation will be whacky unless you ask about a 1 year period for which you have complete data.
Leo,
I finally did find the cause, from a link someone posted here (sorry I can't find it) to all the discussion on the Quicken forum on the Intuit site. Everyone is complaining about problems with downloading quotes and the YTD issue, but most are referencing version 2008. Apparently the problem has been around for several versions. Quicken does not calculate this percentage (or maybe any of them). It's downloaded data (from ?). There is something wrong with either Intuit's servers (downloading quotes works for some people some of the time, but often needs repeated attempts and the success is often not on the correct day, which annoys people keeping very close tabs on performance). The YTD figure seems to have gotten fixed for a few days last year, then unfixed, and then stuck at some value. Many of mine match the 1 year perfomance %, but not all. Some are just garbage. There are a couple of suggestions for solving the downloading problem.. one involved with a rather complicated Excel solution and importing the prices back to Quicken and a second referring to a utility program which simplified things. Sorry I can't give you chapter and verse, but it's all on the Intuit site. As for the YTD %, I'm not sure if that is incorporated in these solutions or not. I haven't tried running any reports to see if it is only in error on the Portfolio view screen. Have you?
jo
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