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The Allocations page under the Investing tab helps you monitor the mix of asset classes included in your investment portfolio. An asset class is a group of securities that have similar features and behavior. The values of securities in a given asset class tend to rise and fall in similar cycles. Asset allocation, is the process of spreading your assets across several types of investments, to control your potential risk and return. When you allocate your investments, you invest different percentages of your portfolio and asset classes. Such as large cap stocks, small cap stocks, bonds and so on.
The resulting mix of investments is your asset allocation. Let's take a closer look at the allocations page under the investing tab and see how you can monitor your asset allocation with this tool. To see the allocations page, click the Investing tab and click the Allocations button at the top of the page. You can filter the accounts and securities included in the snapshot by using these dropdown menus at the top of the Allocations page. By default, Quicken will show you all your accounts and all your securities. The first snapshot graph you'll see is your asset allocation based on all of your securities in the pie chart on the left.
Quicken divides your assets into the following asset classes. Large cap stocks, small cap stocks, international stocks, domestic bonds, cash and money market and other. You can hover over the colored slices in the pie chart to see exact dollar figures for each allocation. And you can click on the pie chart to get a customizable and printable report. If you've not yet set up a target allocation, you can set one up by selecting Set Target underneath the pie chart on the right. We've already set ours up, so ours says Change Target. This is where you set the percent you'd like to invest in different asset classes for your portfolio.
This will pop-up the Allocation guide, which will walk you through the process of setting your target asset allocation. To view additional information that provides context and help to interpret the assets allocation snapshot. Click the Show Allocation Guide button beneath the snapshot. Once you have a target asset allocation, you can test out possible scenarios for rebalancing your portfolio, by clicking the Rebalance Portfolio button below the snapshot. It's really important to note that this does not actually connect you to your bank, and change your investments. It's just a tool for creating scenarios, and figuring out ways you might reallocate your assets to match your target allocation.
To see a full graph of your asset allocation in a customizable report, select the Show Full Graph button below the snapshot. Let's scroll down the Allocations page and see what else Quicken shows us here. You'll see Allocation By Account and Allocation by Security pie chart snapshots. These show you what percentage of your money is allocated to each account and to each security. You can show the full view of these metrics, with these buttons below the pie charts. At the bottom of this page, you'll see how your mutual funds are rated by the Morning Star Investment Research Firm. You can add fence to watch on this list using the buttons below the list.
I think it's funny that this mutual fund's ratings chart is hidden way down here at the bottom of this page because I think it's one of the most interesting parts of the Investing tab. To print your asset allocation snapshots, choose File menu > Print Allocations. Rebalancing your portfolio's asset allocation is a chore that can be made simpler with the allocations page in Quicken. Once you've added all of your investment accounts and entered your target allocations, you can use this page to quickly see if you need to take action and rebalance your investments.
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