Quicken 2007 Basic and investments

Posted by Steven Latus on November 5, 2006, 1:38 pm

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From perusing the Quicken.com website and looking at their "Compare
Products" option, I got the impression that investment capability is
present only in the Premier and Home & Business versions.

Is this correct?

I am running 2006 Basic and was considering upgrading to Basic 2007, but
I do not want to lose investment functionality. I am not talking fancy
investment planning type of reports - just basic investment capability.

Steve

Posted by JM on November 6, 2006, 9:02 am

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Steven Latus wrote:

> From perusing the Quicken.com website and looking at their "Compare

> Products" option, I got the impression that investment capability is

> present only in the Premier and Home & Business versions.

> Is this correct?

> I am running 2006 Basic and was considering upgrading to Basic 2007, but

> I do not want to lose investment functionality. I am not talking fancy

> investment planning type of reports - just basic investment capability.

> Steve

Was waiting for a user with QW07Basic to respond - so will offer
opinions. Am currently using QW07Dlx but used Basic for several
versions thru 06 and only went to Dlx this year because I got it for
the Basic price. Have read the 'comparisons' you refer to and agree
that you get the impression that Basic has very limited investment
capability. My experience has been that this has not been true in the
past - the 'comparisons are really advertisements and they are 'hyping'
the more expensive versions [better margin I would guess]. If you are
satisfied with Basic06 capabilities, I would not expect any loss of
functionality with Basic07. Again, experience has been that Basic does
not always get the newest features; e.g., document attachment
capability. On the other hand, have not seen a case where Basic alone
lost features; e.g., all versions lost the much debated QIF import
capability.

You have options; the 60 day money back warranty; or, try it and
upgrade for the incremental price if desired. Best option perhaps, if
you use TTax, the TTax promotions will soon be out and you can usually
find one that gives you Basic [or even Dlx] for free after rebate.

430 No such article

Steven Latus wrote:

> From perusing the Quicken.com website and looking at their "Compare

> Products" option, I got the impression that investment capability is

> present only in the Premier and Home & Business versions.

> Is this correct?

> I am running 2006 Basic and was considering upgrading to Basic 2007, but

> I do not want to lose investment functionality. I am not talking fancy

> investment planning type of reports - just basic investment capability.

> Steve

Posted by Steven Latus on November 6, 2006, 10:48 pm

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JM wrote:

> Steven Latus wrote:

>> From perusing the Quicken.com website and looking at their "Compare

>> Products" option, I got the impression that investment capability is

>> present only in the Premier and Home & Business versions.

>> Is this correct?

>> I am running 2006 Basic and was considering upgrading to Basic 2007, but

>> I do not want to lose investment functionality. I am not talking fancy

>> investment planning type of reports - just basic investment capability.

>> Steve

> Was waiting for a user with QW07Basic to respond - so will offer

> opinions. Am currently using QW07Dlx but used Basic for several

> versions thru 06 and only went to Dlx this year because I got it for

> the Basic price. Have read the 'comparisons' you refer to and agree

> that you get the impression that Basic has very limited investment

> capability. My experience has been that this has not been true in the

> past - the 'comparisons are really advertisements and they are 'hyping'

> the more expensive versions [better margin I would guess]. If you are

> satisfied with Basic06 capabilities, I would not expect any loss of

> functionality with Basic07. Again, experience has been that Basic does

> not always get the newest features; e.g., document attachment

> capability. On the other hand, have not seen a case where Basic alone

> lost features; e.g., all versions lost the much debated QIF import

> capability.

> You have options; the 60 day money back warranty; or, try it and

> upgrade for the incremental price if desired. Best option perhaps, if

> you use TTax, the TTax promotions will soon be out and you can usually

> find one that gives you Basic [or even Dlx] for free after rebate.

Yes, I know I could always return it if I bought it in a retail store,
but figured if someone already knew the answer I could save myself some
hassle and a lot of time.

I, too, would expect that Q2007 Basic would retain the same investment
functionality as is present in Q2006, but looking at that comparison
chart, I figured I'd better ask the question.

Steve

Posted by R. C. White on November 6, 2006, 10:17 pm

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Hi, Steven.

After using Deluxe versions of Quicken for several years, I switched to
Basic about 3 years ago - and haven't missed the "deluxe" features. I
recently upgraded to Q2007 Basic from Q2006 Basic. I've been running WinXP
Pro and have been beta-testing Windows Vista for over a year I've installed
and run Q2006/7 in each successive beta "build" with no more than minor
installation hassles, and am eagerly awaiting the "gold" version of Vista
Real Soon Now.

Of course, it depends on your own needs. My investments are a lot simpler
since I retired, but I still have some CDs and several stocks in a couple of
brokerage accounts. I download quotes daily, but don't download
transactions or statements from the brokers. I tried that a time or two but
found that it took more effort to conform the downloaded information to my
old stick-in-the-mud method of accounting than it did to enter the
transactions manually and reconcile the paper statements monthly.

Quicken's formulas for ROI and other investment ratios never looked right to
me, anyhow. As others have discussed here in the past week or two, for
example, Quicken's idea of "amount invested" for a particular stock takes
some interpretation and understanding.

And Intuit has never understood Certificates of Deposit. :>( Not in Basic,
but not in Deluxe, either.

RC
--
R. C. White, CPA
San Marcos, TX
(Retired. No longer licensed to practice public accounting.)
rc@grandecom.net
Microsoft Windows MVP
(Currently running Vista x86 build 5744 RC2)

> From perusing the Quicken.com website and looking at their "Compare

> Products" option, I got the impression that investment capability is

> present only in the Premier and Home & Business versions.

> Is this correct?

> I am running 2006 Basic and was considering upgrading to Basic 2007, but I

> do not want to lose investment functionality. I am not talking fancy

> investment planning type of reports - just basic investment capability.

> Steve

Posted by Steven Latus on November 6, 2006, 10:44 pm

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R. C. White wrote:

> Hi, Steven.

> Of course, it depends on your own needs. My investments are a lot

> simpler since I retired, but I still have some CDs and several stocks in

> a couple of brokerage accounts. I download quotes daily, but don't

> download transactions or statements from the brokers. I tried that a

> time or two but found that it took more effort to conform the downloaded

> information to my old stick-in-the-mud method of accounting than it did

> to enter the transactions manually and reconcile the paper statements

> monthly.

So Q2007 does have investment features like Q2006, it sounds like you're
saying.

I couldn't quite believe it when I saw that feature comparison on the
website. I could understand if Premier did more in that area than Basic
(more planning tools and perhaps more comprehensive reports), but that
chart, I feel, leaves a misleading impression that Basic and even Deluxe
do not have investment capability.

Steve