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12-20-2010, 10:50 PM
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#1
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Thinks s/he gets paid by the post
Join Date: Jun 2007
Location: near Canadian border and near Mexican border
Posts: 1,142
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Need your help
I have been very bad. Retired 4 + years ago and have not been managing my investments. I had created a very crude excel spreadsheet (I had to manually input stock or fund values) to determine updates. More than a year ago my computer crashed and I lost all data. Since then I have been asleep regarding the investments.
It is past time to start tracking and managing properly. Looking for help in acquiring good/decent software programs. Would like to have a program that with stock/fund symbols in place, it would automatically update the latest unit price. It would be a great benefit to have a spreadsheet that required minimal effort to instantly view your financial health. If would also be nice if it could be set up to track asset allocations and to raise a flag when a re-balance should be addressed. Also looking for programs for tracking other (pensions; SS; etc) income and expenditures.
Information on where to purchase/acquire such programs would be greatly appreciated. If there is available free-ware that is safe to use, that would be even nicer.
__________________
Pigs get fat, hogs get slaughtered. That's my story and I am sticking to it.
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12-21-2010, 05:01 AM
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#2
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
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Well, this should be interesting. I use Moneydance but... that may be way beyond what you are willing to do.
I do have some questions, however:
Quote:
Originally Posted by packrat44
I have been very bad. Retired 4 + years ago and have not been managing my investments. I had created a very crude excel spreadsheet (I had to manually input stock or fund values) to determine updates. More than a year ago my computer crashed and I lost all data. Since then I have been asleep regarding the investments.
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That apparently produced some negative effect. What was it?
Quote:
Originally Posted by packrat44
It is past time to start tracking and managing properly.
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What does that mean -- "managing properly"?
Quote:
Originally Posted by packrat44
It would be a great benefit to have a spreadsheet that required minimal effort to instantly view your financial health.
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And by "minimal effort" you mean what?
Quote:
Originally Posted by packrat44
If would also be nice if it could be set up to track asset allocations and to raise a flag when a re-balance should be addressed. Also looking for programs for tracking other (pensions; SS; etc) income and expenditures.
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Again, the "minimal effort" question.
Quote:
Originally Posted by packrat44
Information on where to purchase/acquire such programs would be greatly appreciated. If there is available free-ware that is safe to use, that would be even nicer.
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Not a question but to explain my "interesting" comment and to give assurance that you came to the right place:
You are going to get many responses to your post. Most of them will contain very valuable advice... but it will be very conflicting because everyone does what you are asking in a different manner... some even do it your current way.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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12-21-2010, 05:36 AM
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#3
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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I use Quicken Deluxe ($60 at Costco), mostly due to inertia since I have everything set up how I want. I use Vanguard exclusively and have our Vanguard accounts linked so they are updated automatically. My employer's 401k also updates automatically, but a bit more klunky.
Quicken is good for tracking but less effective for analysis. For that I use Vanguard's Portfolio Watch and Financial Engines.
Best $60 every other year that I spend. I would consider switching to something free but the hassle of switching everything to get back to the state that I have now would be high.
Good luck.
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12-21-2010, 06:37 AM
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#4
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Feb 2006
Location: Washington, DC
Posts: 11,331
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I use a Google Docs spreadsheet. I put the ticker symbol for each fund I own, manually entered the holdings in shares and multiply that number by the end of day price function Google supports*. I have to periodically update the numbers to include dividends and interest. I also review and update everything at the end of the year before running SWR numbers. It contains cells for what my actual withdrawal is, what it would have been using a straight 4% rule, and what it would have been using a Guyton modification. I can't loose this spreadsheet in a crash.
* The function I mentioned is: '=GoogleFinance(B8; "closeYest")' where B8 is the ticker symbol. I learned about this here a couple of years ago.
__________________
Idleness is fatal only to the mediocre -- Albert Camus
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12-21-2010, 06:49 AM
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#5
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Recycles dryer sheets
Join Date: Sep 2010
Location: Lebanon, TN
Posts: 112
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All of my investments are at Scottrade which allows you to export your positions into Excel format. I have developed a consolidated spreadsheet which I then import the columns from the Scottrade sheet and save monthly. My sheet also contains my planned budget and a number of formulas to calculate expected dividends and compare positions with the previous months. I add features to the spreadsheet fairly regularly so it becomes a work in progress. I then back it up to several different locations.
__________________
"If it didn't have bones in it, it wouldn't be crunchy now, would it?" -M. Python
Age 50, DW is 54, 1.4M split 25 Stock, 40 Mutual Funds, 25 Bonds, 5 Commodities, 5 REIT. Own Home, no debts.
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12-21-2010, 06:54 AM
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#6
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2005
Posts: 10,252
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The OP's post suggests they have a computer with a web browser and an internet connection.
Try using the Morningstar Portfolio Manager and X-ray tools as described in the http://www.early-retirement.org/foru...tml#post578722 They are all free to use.
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12-21-2010, 07:46 AM
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#7
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Jun 2002
Location: Texas: No Country for Old Men
Posts: 50,022
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If you have an account with Vanguard they have a "My Portfolio" tool that also allows you to input non-Vanguard assets. This software will keep track of your investments and also provide asset allocation information. Simple, easy to set-up, requires little maintenance, and the price is right - free.
__________________
Numbers is hard
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12-21-2010, 08:25 AM
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#8
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Thinks s/he gets paid by the post
Join Date: Jul 2009
Posts: 1,934
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Quote:
Originally Posted by packrat44
and have not been managing my investments
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That sounds like a good thing, not a bad thing. You've probably outperformed the majority of investors.
__________________
And if I claim to be a wise man, it surely means that I don't know.
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12-21-2010, 08:28 AM
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#9
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
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I should add that there are a number of Finacial Magazines that have really good Financial Tools -- some totally free. I have, for many years, used Smart Money Magazine's Portfolio Tracker. I have investments in 22 stocks, MFs, and ETFs spead across three brokerages. SM Porfolio Tracker lets me see it all as a single package (outside of my Moneydance file -- for cross-check purposes). In addition to all the usual Portfolio Tools, I get an e-mail every business day (after closing) with a comprehensive report showing overall performance plus a quite detailed report of each individual investment. I believe this is Free but I also subscribe to their Select product so I may be mistaken about that.
__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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12-21-2010, 08:35 AM
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#10
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Moderator
Join Date: Feb 2010
Location: Flyover country
Posts: 25,362
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Quote:
Originally Posted by pb4uski
I use Quicken Deluxe
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+1
This is what I use (actually, I use the Premier version), and it will do everything you say you want, once you set it up.
One click to update all prices, allocation and many other types of pre-built reports, etc., etc.
__________________
I thought growing old would take longer.
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12-21-2010, 09:45 AM
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#11
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Full time employment: Posting here.
Join Date: Apr 2009
Posts: 939
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I'm a pretty active investor. I pay for "Market Tracker" from yahoo (abou $10/month) although lately there are free tools that do similar things, so I'm not sure I still need it. Once you set up the portfolio in yahoo you can see the current trades, prices, etc. Setting up the portfolio is FREE, it's the Market Tracker that costs $. It will show you slightly delayed quotes. You can download the portfolio into a spreadsheet.
I also use Quicken Deluxe to track finances and net worth - just recently switched from MS Money which is no longer available. I update the stock prices daily or when I think of it just by clicking a button. That way I have a saveable record of all the transactions. I do it manually (the transactions) due to paranoia about having my investment account and password info out there.
I tried MoneyDance but it seemed too complicated to import from MS Money - Quicken won because of the importing capability. I was concerned that I would have data I couldn't access if my PC running XP Pro crashed and I couldn't load MS Money data on it. Quicken would load and pick up the file.
I enjoy this - a lot of people do not enjoy it. The free tools are out there, and the tools you pay for aren't that expensive (like Quicken).
__________________
I used to be “Thinker25” here. Retired at 62, now 73 (in 2021), no regrets & single again. I love it. I’m in RI.
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12-21-2010, 10:49 AM
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#12
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Thinks s/he gets paid by the post
Join Date: Jul 2010
Location: Chicago
Posts: 1,008
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Well, I think you have plenty of suggestions re:software tracking tools. I just want to suggest doing backups! Simple to do a CD/DVD burn onto disk, buy (if you don't have one already) and store on an external hard drive (they're very cheap now) and/or using an online backup facility, I've used Norton online since it was free and included w/my antivirus security package.
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12-21-2010, 11:00 AM
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#13
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Nov 2010
Location: Sarasota, FL & Vermont
Posts: 36,376
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Quote:
Originally Posted by braumeister
+1
This is what I use (actually, I use the Premier version), and it will do everything you say you want, once you set it up.
One click to update all prices, allocation and many other types of pre-built reports, etc., etc.
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Braumeister, I was mistaken, I use Premier 2009, not Deluxe. I usually only update every other year or so.
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12-21-2010, 11:41 AM
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#14
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Aug 2004
Location: Laurel, MD
Posts: 8,327
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Quote:
Originally Posted by packrat44
. ......Would like to have a program that with stock/fund symbols in place, it would automatically update the latest unit price.
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Even AOL has a free portofolio service that can do this much (and I'm sure most of the other free portal services do as well). From there, you could then download to various generic or commercial spreadsheet programs to make analysis easier if that's what you prefer. Additional benefit is thatt need to worry about data crashes. Does require occaisonal manual input of dividend distributions, etc. as someone else mentioned.
__________________
...with no reasonable expectation for ER, I'm just here auditing the AP class.Retired 8/1/15.
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12-21-2010, 01:23 PM
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#15
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Mar 2007
Posts: 14,328
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I think you are making it too hard. Sell everything and buy 50/50 Wellesley and Wellington.
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12-21-2010, 01:38 PM
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#16
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Full time employment: Posting here.
Join Date: Apr 2009
Posts: 939
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Quote:
Originally Posted by pb4uski
Braumeister, I was mistaken, I use Premier 2009, not Deluxe. I usually only update every other year or so.
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Oops, me too - Premier Quicken 2010... I said Deluxe.
__________________
I used to be “Thinker25” here. Retired at 62, now 73 (in 2021), no regrets & single again. I love it. I’m in RI.
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12-21-2010, 02:11 PM
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#17
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Dec 2007
Location: Denver, Colorado
Posts: 6,258
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Quote:
Originally Posted by travelover
I think you are making it too hard. Sell everything and buy 50/50 Wellesley and Wellington.
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See. What did I tell you?
Quote:
Originally Posted by RonBoyd
... some even do it your current way.
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__________________
"It's tough to make predictions, especially when it involves the future." ~Attributed to many
"In theory, there is no difference between theory and practice. But, in practice, there is." ~(perhaps by) Yogi Berra
"Those who have knowledge, don't predict. Those who predict, don't have knowledge."~ Lau tzu
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12-21-2010, 03:00 PM
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#18
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Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Join Date: Apr 2003
Location: Hooverville
Posts: 22,983
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Why not just use your brokerage website? I have two accounts, each with a good website. I use Yahoo finance to make portfolios for other things I want to follow. I aggregate all my CDs, I bond values etc there, and upsdate it about the 12th of each month when I have the prior months statements from banks.
Otherwise, I prefer to make Excel sheets to aggregate this data exactly as I want it, rather than be locked into some other system, paid or free.
Ha
__________________
"As a general rule, the more dangerous or inappropriate a conversation, the more interesting it is."-Scott Adams
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12-21-2010, 03:09 PM
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#19
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Moderator Emeritus
Join Date: May 2007
Posts: 12,901
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I use Quicken Premier. I know a lot of people hate Quicken, so I must be doing something wrong because I like it.
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12-21-2010, 03:55 PM
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#20
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Thinks s/he gets paid by the post
Join Date: Mar 2009
Posts: 2,985
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Quote:
Originally Posted by REWahoo
If you have an account with Vanguard they have a "My Portfolio" tool that also allows you to input non-Vanguard assets. This software will keep track of your investments and also provide asset allocation information. Simple, easy to set-up, requires little maintenance, and the price is right - free.
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I use the Vanguard tool for an overall snapshot of my portfolio. If you want to keep it simple it's ideal. Sometimes its a little slow -over a day, to update some prices , but it's very user friendly.
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