Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
Intuit Plans to Sell Quicken to Focus on Tax, Small Business
Old 08-20-2015, 05:44 PM   #1
Recycles dryer sheets
 
Join Date: Apr 2010
Posts: 412
Intuit Plans to Sell Quicken to Focus on Tax, Small Business

Intuit Plans to Sell Quicken to Focus on Tax, Small Business - Bloomberg Business

Time to go? What are the options?
__________________

__________________
“The problem with the world is that the intelligent people are full of doubt, while the stupid people are full of confidence.”

(—Charles Bukowski)
wanaberetiree is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 08-20-2015, 06:15 PM   #2
Full time employment: Posting here.
 
Join Date: Mar 2013
Location: Coronado
Posts: 506
Quote:
Originally Posted by wanaberetiree View Post
Time to go?
No, it's way too early to tell if this is a good or bad thing for Quicken's future.
__________________

__________________
cathy63 is offline   Reply With Quote
Old 08-20-2015, 08:26 PM   #3
Recycles dryer sheets
 
Join Date: Apr 2010
Posts: 412
Quote:
Originally Posted by cathy63 View Post
No, it's way too early to tell if this is a good or bad thing for Quicken's future.
unlikely a good thing

what was the last recent example when it actually was good?
__________________
“The problem with the world is that the intelligent people are full of doubt, while the stupid people are full of confidence.”

(—Charles Bukowski)
wanaberetiree is offline   Reply With Quote
Old 08-20-2015, 11:47 PM   #4
Recycles dryer sheets
 
Join Date: Jan 2015
Posts: 170
Yikes, what else is out there that does almost everything Quicken does? I just bought Quicken for the first time a year ago, and have spent so much time learning how to use it. I can't imagine having to start all over.

Sent from my EVO using Early Retirement Forum mobile app
__________________
Dreaming of Freedom is offline   Reply With Quote
Old 08-21-2015, 02:37 AM   #5
Recycles dryer sheets
 
Join Date: Jul 2013
Posts: 196
There are so many UI things in Quicken that have long needed fixing, I wouldn't mind a company buying it and giving it a 21st-century overhaul, but I imagine some good things would get broken in the process. (I've been using Quicken since 1992 - would hate to lose that archive!)
__________________
googily is offline   Reply With Quote
Old 08-21-2015, 07:43 AM   #6
Thinks s/he gets paid by the post
 
Join Date: Jul 2012
Location: Mississippi
Posts: 1,878
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
__________________
rbmrtn is offline   Reply With Quote
Old 08-21-2015, 08:25 AM   #7
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
easysurfer's Avatar
 
Join Date: Jun 2008
Posts: 7,891
Quote:
Originally Posted by rbmrtn View Post
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
I've left Quicken a long time ago. But the familiarity of my budget program (not listed on the Alternatives site) is one of the windows programs that keeps me sticking to that OS despite the future don't expect any privacy policy of Windows 10.
__________________
Have you ever seen a headstone with these words
"If only I had spent more time at work" ... from "Busy Man" sung by Billy Ray Cyrus
easysurfer is online now   Reply With Quote
Old 08-21-2015, 08:32 AM   #8
Thinks s/he gets paid by the post
Senator's Avatar
 
Join Date: Feb 2014
Location: Eagan, MN
Posts: 3,055
Being the #1 personal finance/accounting software, I doubt that much will change with a new company.

The new company might un-intentionally screw it up, but I am 100% confident that it will be around for years to come. If IBM buys it, look out. It will be very versatile, but you will need a PhD to install and use it.

No matter what, the version you currently have will work, as is, for a long time too.

Of course, if Microsoft or another leading competitor buys it, all bets are off.
__________________
FIRE no later than 7/5/2016 at 56 (done), securing '16 401K match (done), getting '15 401K match (done), LTI Bonus (done), Perf bonus (done), maxing out 401K (done), picking up 1,000 hours to get another year of pension (done), July 1st benefits (vacation day, healthcare) (done), July 4th holiday. 0 days left. (done) OFFICIALLY RETIRED 7/5/2016!!
Senator is online now   Reply With Quote
Old 08-21-2015, 09:36 AM   #9
Thinks s/he gets paid by the post
Cobra9777's Avatar
 
Join Date: Jul 2012
Location: Texas
Posts: 1,132
Wow, that's very interesting news. I hope this means good things for Quicken in the future.

I used Quicken for over 10 years, but dropped it several years ago when they started forcing paid upgrades by disabling online links to financial institutions. But I had also grown weary of the large number of bugs and general lack of development and innovation. I wouldn't mind paying for an actual upgrade. But it became clear that it was really just an ongoing license fee for the same buggy software. And I thought the price was too high, especially given the large number of more innovative free alternatives.

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. I also experimented with Fidelity's Full View, and still update it occasionally since it interfaces with other Fidelity tools I use, like GPS and RIP. But for ongoing tracking/analysis of expenses, account balances, and portfolio stats, I only use Personal Capital now.
__________________
Retired at 52 in July 2013. On to better things...
AA: 55% stock, 15% real estate, 27% bonds, 3% cash
WR: 2.0% SI: 2 pensions, some rental income, SS later
Cobra9777 is offline   Reply With Quote
Old 08-21-2015, 11:12 AM   #10
Full time employment: Posting here.
 
Join Date: Aug 2007
Posts: 892
Quote:
Originally Posted by Senator View Post
No matter what, the version you currently have will work, as is, for a long time too.

Except after three years you'll lose online functionality. It'll be interesting to see how this plays out.

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.
__________________
Eat, Drink and Be Merry.
tulak is offline   Reply With Quote
Old 08-21-2015, 11:30 AM   #11
Thinks s/he gets paid by the post
Ready's Avatar
 
Join Date: Mar 2013
Location: Southern California
Posts: 1,826
Intuit has neglected Quicken for years...especially the Macintosh version. I don't think it could get much worse, but the new company may finally make the investment to modernize the software to current technology standards. It would be a nice thing to see if it happened.
__________________
Ready is offline   Reply With Quote
Old 08-21-2015, 11:31 AM   #12
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,474
Well, I guess they have to find a buyer first.

I've been able to limp along with my Quicken 2007 for Mac, with the occasional bug fix from Quicken. But now I think the days are numbered.......

I really don't know what I'll be able to replace it with.
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 08-21-2015, 02:10 PM   #13
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
braumeister's Avatar
 
Join Date: Feb 2010
Location: Northern Kentucky
Posts: 8,610
Quote:
Originally Posted by kiki View Post
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 have nearly four years with Moneydance now, and it does everything I need for banking, investments, budgeting and reporting.

A couple of small things are a bit quirky to figure out, but the support is good and you can usually find the answer to any question within a few minutes.
__________________
braumeister is online now   Reply With Quote
Old 08-21-2015, 02:20 PM   #14
Thinks s/he gets paid by the post
gauss's Avatar
 
Join Date: Aug 2011
Posts: 1,712
Still running Quicken 98 here....

I don't think the sale will effect me.

-gauss
__________________
gauss is online now   Reply With Quote
Old 08-23-2015, 04:33 PM   #15
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 1,905
Quote:
Originally Posted by gauss View Post
Still running Quicken 98 here....

I don't think the sale will effect me.

-gauss
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...

I started using Quicken in 1992 so I have a huge database that I'd like to keep. I've tried other personal finance software but I guess I'm just to used to the Quicken way of doing (and sometimes not doing) things.
__________________
ejman is offline   Reply With Quote
Old 08-23-2015, 05:04 PM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 16,439
I'm quite happy with Quicken. I have my entire balance sheet on it and auto update it as needed, and at the end of each quarter. I use the projected balances feature for cash flow, especially since I retired. I use the investment performance reports to look at portfolio returns. I used to use the budgeting tool but find I use that less now since our living expenses are pretty stable at this point.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.
pb4uski is online now   Reply With Quote
Old 08-23-2015, 05:48 PM   #17
Thinks s/he gets paid by the post
Htown Harry's Avatar
 
Join Date: May 2007
Posts: 1,516
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.
__________________
No doubt a continuous prosperity, though spendthrift, is preferable to an economy thriftily moral, though lean. Nevertheless, that prosperity would seem more soundly shored if, by a saving grace, more of us had the grace to save.

Life Magazine editorial, 1956
Htown Harry is offline   Reply With Quote
Old 08-23-2015, 05:55 PM   #18
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 1,905
Quote:
Originally Posted by Htown Harry View Post
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.
Interesting information. I understand that Quicken is by far the biggest player in the personal finance software genre. Those numbers you quoted make this whole genre seem inconsequential. No wonder Microsoft got out of the business and Quicken/Mint has no serious competition.
__________________
ejman is offline   Reply With Quote
Old 08-23-2015, 06:08 PM   #19
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
audreyh1's Avatar
 
Join Date: Jan 2006
Location: Rio Grande Valley
Posts: 16,474
As long as Quicken Quotes and transaction downloads keep working, I'll be OK. But when they stop, I'm hosed.
__________________
Well, I thought I was retired. But it seems that now I'm working as a travel agent instead!
audreyh1 is online now   Reply With Quote
Old 08-23-2015, 06:25 PM   #20
Thinks s/he gets paid by the post
 
Join Date: Feb 2007
Posts: 1,905
Quote:
Originally Posted by audreyh1 View Post
As long as Quicken Quotes and transaction downloads keep working, I'll be OK. But when they stop, I'm hosed.
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).

It's actually a routine I quite enjoy and I like verifying my manual entry system with the statements I get from the various institutions. When I had Quicken 2002 I used the automatic update system. When that access expired three years latter per Quicken's revenue generating scam I decided to get off that scalator and I found I really didn't miss it.

Of course, an active trader with multiple securities/ accounts and lots of activity - different story.
__________________

__________________
ejman is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Quicken 2015 requires Intuit ID for quotes? steelyman Other topics 21 01-05-2016 04:31 PM
Phases/Focus to go through before this stock downturn is over dex FIRE and Money 13 10-15-2008 11:05 PM
ER Forum Losing Focus? retire@40 Forum Admin 8 11-02-2006 10:03 PM
Focus On the hmmm... astromeria Other topics 3 07-21-2006 12:52 AM
Keeping your focus MRGALT2U Other topics 3 01-24-2003 11:58 AM

 

 
All times are GMT -6. The time now is 05:41 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2017, vBulletin Solutions, Inc.