wanaberetiree
Full time employment: Posting here.
- Joined
- Apr 20, 2010
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- 718
Intuit Plans to Sell Quicken to Focus on Tax, Small Business - Bloomberg Business
Time to go? What are the options?
Time to go? What are the options?
Time to go?
No, it's way too early to tell if this is a good or bad thing for Quicken's future.
It could be a good thing. Someone else may do a better job than intuit does, wouldn't take much. I was a long time MS money user, only went with quicken when Money shutdown ( the sunset edition is still available ). It might finally motivate me to move the data to linux, just been to lazy to do it. quicken was the only thing I use on windows.
Here's a list of alternatives, I think moneydance has been discussed in this forum before.
Intuit Quicken Alternatives and Similar Software - AlternativeTo.net
No matter what, the version you currently have will work, as is, for a long time too.
Someone else mentioned Moneydance. Once you learn its quirks, it works well. I've been using it for over two years now and have been happy. And their support is excellent. I've reported a couple of bugs and they have all been fixed.
I finally upgraded a couple of years ago from Quicken 2002 to 2010 because I could not get 2002 to print using windows 7. I recently started playing with linux and found out that Quicken 2010 works fine @ Linux Mint (using the Wine emulator) so I think I'm set regardless of what the good folks at Intuit or successors do...Still running Quicken 98 here....
I don't think the sale will effect me.
-gauss
The Intuit 4Q 2015 investor fact sheet with revenue by division is linked here:
Intuit Inc. - Home
Their small business and tax divisions with Quickbooks and TurboTax bring in 90% of their $4.4B annual revenue. The "consumer ecosystem" division with Mint and Quicken bring in $133M a year, or about 3%.
Quicken is a minor product for Intuit.
I've been doing both manually for years. As long as the number of securities/accounts is reasonable it's really not that big a hassle. I have a few mutual funds, it takes maybe 5 minutes to update quotes/transaction information. I enter my CC/bank transactions manually on a weekly basis - takes maybe 15 minutes (I'm after all retired it's not like I'm rushed for time or anything).As long as Quicken Quotes and transaction downloads keep working, I'll be OK. But when they stop, I'm hosed.
I can't agree with the "no competition" part, ejman.No wonder Microsoft got out of the business and Quicken/Mint has no serious competition.
I used Quicken for over 10 years, but dropped it several years ago...
At first I used mint.com, which is essentially just an online version of Quicken, but geared toward people starting out and trying to get a handle on debt, spending, budgets, etc. I soon discovered that Personal Capital is much better suited for my needs.
Can I manually enter my information into Personal Capital (or the other ones you mentioned) or does it require to enter my account information with passwords and such? if it requires password info that's a non starter for me.I can't agree with the "no competition" part, ejman.
Quicken's market has been "disrupted" in the past few years by a bunch of competitors in the roboadvisor marketplace. See Wealthfront, Betterment, Learnvest, and a bunch of trader-specific tools that have been introduced. Many require no license fees or upgrade expenses.
Cobra9777's experience probably sums up why Intuit sees selling Quicken as the best use of capital.
So far as i know, any software - whether cloud-based or loaded on your machine - requires stored passwords to look up or download transactions and actual share balances.
I'm a half-and-half guy.
I use the MS Money sunset edition for tracking my investments, which requires that I manually enter all transactions and price changes. It takes a little time each week / month, but it has some of the same benefits as balancing a checkbook.
I have linked my checking account and credit cards to Personal Capital because I like the way it tracks spending.
Neither solution is best-in-class, but it works for me.
Edit to add: I had given some thought to Quicken in the past, but was discouraged by reading all the moaning and groaning here on E-R.org.