Dreaming of Freedom
Recycles dryer sheets
- Joined
- Jan 14, 2015
- Messages
- 206
I have two questions about Quicken, and I am still a newbie so I don't know if I should be posting two threads, or if just this one is OK.
1) Is there a Quicken user community or forum on this site or another site that is super useful? I did not see a forum dedicated to "tracking" software: tracking investments, tracking expenses, tracking ones path towards ER, etc. Some examples are Quicken, Excel, Moneydance, YNAB, other freeware, Mint, Personal Capital, etc.
2) I just started using Quicken 11 months ago when I realized that a spreadsheet & Personal Capital were just not enough for everything I wanted to do. Learning all the functionality in Quicken is not so easy! My current issue with Quicken is how to manage and reconcile my Roth IRA Vanguard account. Thank goodness I only have one Vanguard account because I just joined after Vanguard combined their brokerage and settlement accounts into one account. I still have to deal with Quicken requiring a cash account, while there is no such thing as a cash account in Vanguard. Instead of a cash account, Vanguard uses a money market account for the settlement account. You can buy and sell ETF's straight from/to the Money Market account. I am wondering how other Quicken users on this forum deal with this problem. Do you just use the cash account as a placeholder for the money market account, or does this cause an issue trying to track dividends and shares (though it is a Roth IRA, so I don't have to worry about cost basis...I hope)? Do you have a "fake" cash account that you buy/sell from/to between the Vanguard Money Market Account and your investments (in my case ETF's), which adds a lot of extra transactions to make it work right? Help! I am so lost, and my balances are all out of whack because of this cash account that does not really exist, but Quicken requires me to have. I am using Quicken 2014 Rental Property Manager for Windows.
1) Is there a Quicken user community or forum on this site or another site that is super useful? I did not see a forum dedicated to "tracking" software: tracking investments, tracking expenses, tracking ones path towards ER, etc. Some examples are Quicken, Excel, Moneydance, YNAB, other freeware, Mint, Personal Capital, etc.
2) I just started using Quicken 11 months ago when I realized that a spreadsheet & Personal Capital were just not enough for everything I wanted to do. Learning all the functionality in Quicken is not so easy! My current issue with Quicken is how to manage and reconcile my Roth IRA Vanguard account. Thank goodness I only have one Vanguard account because I just joined after Vanguard combined their brokerage and settlement accounts into one account. I still have to deal with Quicken requiring a cash account, while there is no such thing as a cash account in Vanguard. Instead of a cash account, Vanguard uses a money market account for the settlement account. You can buy and sell ETF's straight from/to the Money Market account. I am wondering how other Quicken users on this forum deal with this problem. Do you just use the cash account as a placeholder for the money market account, or does this cause an issue trying to track dividends and shares (though it is a Roth IRA, so I don't have to worry about cost basis...I hope)? Do you have a "fake" cash account that you buy/sell from/to between the Vanguard Money Market Account and your investments (in my case ETF's), which adds a lot of extra transactions to make it work right? Help! I am so lost, and my balances are all out of whack because of this cash account that does not really exist, but Quicken requires me to have. I am using Quicken 2014 Rental Property Manager for Windows.