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Posted by John Pollard on July 13, 2006, 10:21 pm
Please log in for more thread options > John Pollard wrote:
>>> Kind of dumb question at this point, but I need to ask:
>>>
>>> I noticed that some of my securities are on the watch list
>>> and
>>> most are not.
>>>
>>> What exactly does the watch list do? It says it for
>>> securities I wish to
>>> watch but what does it do exactly that is different from
>>> other
>>> securities?
>>
>> You don't have to own the security to get prices for it
>> (assuming Quicken's quote server can get the quotes).
>>
>>> Does it download historic information ?
>>
>> Where possible and meaningful.
>>
>>> Where do I see the information it accumulated.
>>
>> Investing Center > Portfolio tab
>>
>>> How does this differ from stocks that are not on the watch
>>> list.
>>
>> See above.
>>
>> Plus, for securities you own, you will have actual activity
>> that
>> will broaden the information available.
>
> Thank you John. I am sorry to bother you with what may seem
> basic questions
> but you will see why I ask.
>
> I went to Investing Center > Portfolio tab, as you suggested.
>
> What I see there are several groups under the name column.
>
> At the top is a group labeled "Watch list" that contains a
> half dozen
> securities. (They are the same ones that I found had Watch
> List selected in
> the Investing > Security List screen).
>
> After that group come the Indexes group (Dow Jones, etc.).
>
> Then, grouped by investment account, are all my other
> securities.
>
> Here is why I am confused:
> except for the "Name" column and the "Quote/Price" column, all
> the other
> columns are empty (blank) for the "Watch list securities" and
> the "Indexes"!
> Whereas, when I get to the securities that are listed below
> the watch list
> (not part of the Watch list), all the columns are fully
> populated with data.
>
> That is why I was wondering what selecting "Watch List" does
> and 'where'
> does it download its data from. When I download, I download
> my transactions
> from my brokers, but do not connect to Quicken or upload my
> info to Quicken
> for privacy reasons.
>
> In the 'One step download' screen, I have the "Quotes:
> Download quotes,
> asset classes, headlines and alerts" box unselected. Is that
> where the
> watch list info would come from? Where does it get that info
> from? Quicken?
> Since I seem to be getting all the columns' data populated
> (except for the
> Watch list group), does that mean my broker's info is adequate
> and I gain
> nothing further by listing any securities on the watch list or
> selecting
> "Quotes" in my downloads?
Yes. Why do you care? I can not think of a single reason to
have a security in your Watch List if you own that security.
Nor a single reason to care if you do.
The purpose of a "watch list" ( which is not a concept limited
to Quicken) is to track the prices of securities you do not own.
It may be possible to track other information about those
securities, but such information must be limited by the fact
that you don't have the same information about those securities
that you do about securities that you own.
I suggest that you accept the definition that Quicken applies to
"watch list" securities: the Watch List is designed for
securities you do not own. If you happen to own the same
securities that are also in your Watch List, that should be
immaterial.
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