Investment management improvements needed in MD2010

Emmett's Avatar

Emmett

18 Apr, 2010 09:51 PM

     I have search the web for a true investment tracking program. I currently use Quicken 2010. I waited for the release of MD2010. I have been checking out the new MD2010 and like it very much. However, just like Quicken and all the web based software at brokerage firms the investment tracking software only tracks Capital gains and loss. None of the existing platforms paint the true return picture on investments.
     Like most investors I buy and hold stocks with dividend yields ranging between 3-18.5%. None of the investment tracking programs link the dividend payments to the cost basis of the stocks within a portfolio. Dividend payments are free money from the company that pays them. Even software that includes dividend reinvestment modifies the cost base up or down based off current share price at the time of transaction. The fact is the Investor is receiving free shares from the company at no cost. The free shares should drive down the cost base, because no new investor capital is being placed into the transaction.
      Currently all investment platforms place dividend payment into cash accounts when dividends are not reinvested. These type of transactions should be linked to the cost base of the stock paying them. I would add a feature that is selectable for the tax rate affecting the dividend (ie 20% , 80% is applied to cost reduction of a stock). If Moneydance were to incorporate this capability into MD2010 it would stand out as a true total picture program and jump ahead of its peers.
     Does Moneydance have plans to upgrade the Investment portion off MD2010 to incorporate the Total Picture Platform?

Thanks,

              Emmett

  1. 1 Posted by Tom Freeman on 20 Apr, 2010 10:59 AM

    Tom Freeman's Avatar

    Emmett ,

    What you are looking for is a Return on Investment report. In the current build of Money Dance 2010 (745) there is an Investment Performance Report that provides the information you want.

    Cost basis can't be changed to reflect dividends because that cost basis is needed to determine capital gains when you do sell the stock. Dividends are taxable in the year you receive them. The stock from dividends may rise or fall and that does not affect the tax rate on the dividend itself but may affect the future capital gains when the stock is sold.

    Tom

    Tom

  2. 2 Posted by Emmett Hart on 20 Apr, 2010 01:51 PM

    Emmett Hart's Avatar

    Hi Tom,
         I have searched through the reports and have not found "Investment Performance Report"  the only investment report I found is the "Cost Basis" report that does not report dividend income.  Is there an extension with this report?
     
    Thanks,
    Emmett

    --- On Tue, 4/20/10, Tom Freeman <[email blocked]> wrote:

    From: Tom Freeman <[email blocked]>
    Subject: Re: Investment management improvements needed in MD2010 [Moneydance Development]
    To: [email blocked]
    Date: Tuesday, April 20, 2010, 11:01 AM

  3. 3 Posted by Emmett Hart on 20 Apr, 2010 02:17 PM

    Emmett Hart's Avatar

    Hi Tom,
                I forgot to mention I did also find "Capital Gains" report.  I am using MD2010v2.  Still no luck locating the "Investment Performance" report you are talking about.
     
    Thanks,
    Emmett

    --- On Tue, 4/20/10, Tom Freeman <[email blocked]> wrote:

    From: Tom Freeman <[email blocked]>
    Subject: Re: Investment management improvements needed in MD2010 [Moneydance Development]
    To: [email blocked]
    Date: Tuesday, April 20, 2010, 11:01 AM

  4. 4 Posted by Emmett Hart on 20 Apr, 2010 02:23 PM

    Emmett Hart's Avatar

    Have you looked at the AceMoney software.  They have a report format that shows dividend totals per investment that modifies the total value of the investment and modifies the return percentage based off dividend payments.  I still haven't found a report that reflects performance in MD2010v2.
     
    Emmett

    --- On Tue, 4/20/10, Tom Freeman <[email blocked]> wrote:

    From: Tom Freeman <[email blocked]>
    Subject: Re: Investment management improvements needed in MD2010 [Moneydance Development]
    To: [email blocked]
    Date: Tuesday, April 20, 2010, 11:01 AM

  5. 5 Posted by Tom Freeman on 20 Apr, 2010 05:26 PM

    Tom Freeman's Avatar

    Emmet,

    Which build are you using. You can find it under Help > About Moneydance. The build will be in parenthesis next to Moneydance version. I'm using build 745.

    If you use the money dance updater under Extensions, ask for the preview build. It will bring you to the current build and investment performance will be listed in the side bar under the graphs and report section.

    As for the dividend issue, the current method is the generally accepted accounting method for dividends, that is why it is done this way.

    I will pass on your input to the developers.

    Tom

  6. 6 Posted by forslund on 20 Apr, 2010 11:31 PM

    forslund's Avatar

    The Investment Performance has been in there for awhile in 2010r3. I would like a simple variation on this chart. I have to set it to custom dates to get the current day's change in value, by setting today and yesterday's dates in the start and end date. I can memorize this, but still have to change the dates each day. It would be nice if I could select the investment performance for today as an option. This would be the equivalent to the Performance display on Portfolio Manager in MS Money, which I'm replacing.

  7. 7 Posted by Emmett Hart on 21 Apr, 2010 04:40 AM

    Emmett Hart's Avatar

    V3  I don't have that.  Ms2010 is at v2 based off the software I have.  I think the developers are aware of the problem with Total view on the investment side.  If there is a v3 let me know.
    thanks,
    Emmett

    --- On Tue, 4/20/10, forslund <[email blocked]> wrote:

    From: forslund <[email blocked]>
    Subject: Re: Investment management improvements needed in MD2010 [Moneydance Development]
    To: [email blocked]
    Date: Tuesday, April 20, 2010, 11:34 PM

  8. 8 Posted by forslund on 21 Apr, 2010 04:56 AM

    forslund's Avatar

    Build 748 is in the 2010r3 series. It is available at:
    http://moneydance.com/trac/wiki/Moneydance2010Beta
    It has a number of investment tracking improvements and I'm using it regularly without problems

  9. 9 Posted by Emmett Hart on 21 Apr, 2010 02:59 PM

    Emmett Hart's Avatar

    Hi Tom,
      The build I have is MD2010v2 (735)
     
    Emmett

    --- On Tue, 4/20/10, Tom Freeman <[email blocked]> wrote:

    From: Tom Freeman <[email blocked]>
    Subject: Re: Investment management improvements needed in MD2010 [Moneydance Development]
    To: [email blocked]
    Date: Tuesday, April 20, 2010, 5:28 PM

  10. 10 Posted by Tom Freeman on 26 May, 2010 07:58 PM

    Tom Freeman's Avatar

    Emmet,

    Did you ever get the newest build. If not it is here: http://www.moneydance.com/other.

    Sorry for the late response.

    Tom

  11. 11 Posted by Emmett Hart on 26 May, 2010 10:42 PM

    Emmett Hart's Avatar

    Yes,  I got build 750.  I really like it.  As a matter of fact I like it so much I purchased two MD 2010 keys for both my computers.  It would be nice if a web link button was added to the transaction reminders like Quicken has.  It would save me the trouble of opening explorer for access to the internet to web pay my bills.

    --- On Wed, 5/26/10, Tom Freeman <[email blocked]> wrote:

    From: Tom Freeman <[email blocked]>
    Subject: Re: Investment management improvements needed in MD2010 [Moneydance Development]
    To: [email blocked]
    Date: Wednesday, May 26, 2010, 8:00 PM

  12. 12 Posted by forslund on 31 May, 2010 06:01 PM

    forslund's Avatar

    The investment capabilities of MoneyDance now are very good. I'm running build 751. I'm still having some problems with downloading transactions from Fidelity. I have a Fidelity Netbenefits account and it seems to keep wanting to download transactions from my 403b into my 457b account and ignore the actual 457b transactions. It correctly downloads into the 403b account, but then downloads the same transactions into the 457b account creating the funds in the account in the process. I have to delete the transactions and the funds it creates. I don't see how to control this behavior in Moneydance. It just wants to connect to Netbenefits and that is it. Is there anything I can do about this or is there anything that Moneydance could do to alleviate this?

  13. 13 Posted by Jessica Little on 02 Jun, 2010 12:55 PM

    Jessica Little's Avatar

    Hi forslund,

    It sounds like you're accidentally connected your 457b account to your 403b account in Moneydance. When you are setting up the accounts in Moneydance, you should see a screen that allows you to select which account to connect to Moneydance accounts. To fix this, try disabling your connection to fidelity on the 457b account and re-establishing it, making sure that you're mapping it correctly. Also, please be sure that the information you've entered when creating the account in Moneydance is correct.

    Hope that helps. Please let me know if it doesn't so that we can try something else.

    Jessica Little
    Moneydance Support

  14. 14 Posted by forslund on 02 Jun, 2010 03:06 PM

    forslund's Avatar

    I'm not given that option when I set up the account. My 457b and 403b are all under fidelity netbenefits (along with another 401k there, too). I've disabled the connection and reestablished it but when I select fidelity netbenefits it is finished setting up. I have different funds in these different accounts, but it doesn't ask me about the funds or the specific 457b, etc.

  15. 15 Posted by Jessica Little on 02 Jun, 2010 06:36 PM

    Jessica Little's Avatar

    When you created the account in Moneydance, did you enter the correct account number in the setup screen? If you left that blank or put in incorrect information, that could cause problems. Try deleting the 457b account completely and then recreating it and see if that helps.

    Jessica Little
    Moneydance Support

  16. 16 Posted by forslund on 02 Jun, 2010 07:17 PM

    forslund's Avatar

    OK. I deleted the online access for that account and started over. I got the account to work. There is one confusing aspect of it. It asks me the securities to match to, and gave me a name to choose from and then a number to choose from. Looking at the account more carefully, the number corresponded to the security it asked me for already. It isn't clear why it asks me for this in the two different ways. But not it seems to work ok.

    Thanks!

  17. 17 Posted by Jessica Little on 02 Jun, 2010 08:34 PM

    Jessica Little's Avatar

    Glad to hear it's working. Please let me know if I can be of any further assistance, and thanks for using Moneydance!

    Jessica Little
    Moneydance Support

  18. Angie Rauscher closed this discussion on 24 Jul, 2011 07:52 PM.

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