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Old 06-22-2022, 10:23 AM   #21
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Both Schwab and Merrill Edge Web sites offer to track and display everything for me if I give them all my login infos to the other financial sites. I don't go to Vanguard often to know if they offer the same.

Nope. Not doing that.

I think they want to know how much money I keep outside of their brokerage, so that they can nag me, "Come one, send it all over to us so you have it all in one place, and in our good hands".
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Old 06-22-2022, 10:30 AM   #22
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Spreadsheet!

It'll keep you sharp running all those numbers - and at $35/month (tax free) that's a pretty good salary for doing something you love - looking after your own money.
My rule is if I can't do something on one tab or a spreadsheet, I need to simplify whatever it is I'm trying to represent. Mostly I've been able to do that.
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Old 06-22-2022, 10:43 AM   #23
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Both Schwab and Merrill Edge Web sites offer to track and display everything for me if I give them all my login infos to the other financial sites. I don't go to Vanguard often to know if they offer the same.

Nope. Not doing that.

I think they want to know how much money I keep outside of their brokerage, so that they can nag me, "Come one, send it all over to us so you have it all in one place, and in our good hands".
It's just one of life's tradeoffs. I absolutely will not deliberately upload portfolio information to any of the multitude of sites that offer to monitor, provide tools, etc. Including Morningstar. I worry that Quicken may be taking it without permission. Regardless, too much potential for misuse, hacking, etc.

But I did decide to trust Schwab and nothing bad or irritating has come from it. My Schwab guy knows me pretty well and he may be heading off any sales forays, but if so he is doing a good job.

Convenience with value hard to measure versus risk that's hard to estimate. Definitely a case where different folks will come to different decisions.
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Old 06-22-2022, 11:49 AM   #24
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It's just one of life's tradeoffs. I absolutely will not deliberately upload portfolio information to any of the multitude of sites that offer to monitor, provide tools, etc. Including Morningstar. I worry that Quicken may be taking it without permission. Regardless, too much potential for misuse, hacking, etc.

But I did decide to trust Schwab and nothing bad or irritating has come from it. My Schwab guy knows me pretty well and he may be heading off any sales forays, but if so he is doing a good job.

Convenience with value hard to measure versus risk that's hard to estimate. Definitely a case where different folks will come to different decisions.
I already use Quicken to provide a consolidated view of my financial affairs. Letting a Web site having access to my accounts does not give me any more info, plus they do not provide the same features as I have with Quicken.

I have resigned to paying a yearly ransom to Quicken, so there's no need to complicate things more with another lesser tool.
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Old 06-22-2022, 01:06 PM   #25
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Originally Posted by OldShooter View Post
It's just one of life's tradeoffs. I absolutely will not deliberately upload portfolio information to any of the multitude of sites that offer to monitor, provide tools, etc. Including Morningstar. I worry that Quicken may be taking it without permission. Regardless, too much potential for misuse, hacking, etc.

But I did decide to trust Schwab and nothing bad or irritating has come from it. My Schwab guy knows me pretty well and he may be heading off any sales forays, but if so he is doing a good job.

Convenience with value hard to measure versus risk that's hard to estimate. Definitely a case where different folks will come to different decisions.
Here, I thought I was the only one who questions how my data will be used (and who it will be shared with.) (I kinda gave up over on the cell phone forum.) YMMV
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Old Today, 01:32 PM   #26
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Does this new situation apply only to Morningstar's portfolio manager function or is the entire site going dark to non-paying members. I'm signed in but not getting any messages. The only thing I ever use there other than reading articles is the chart feature that gives total returns on mutual funds not just share price. That kind of info is hard to get online. Most chart places just throw current price at you.
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