Ready to watch this entire course?
Become a member and get unlimited access to the entire skills library of over 4,974 courses, including more Business and personalized recommendations.Start Your Free Trial Now
- View Offline
- Touring the interface and setting up an Intuit ID
- Understanding account types
- Adding and updating accounts
- Tracking spending
- Searching, sorting, and filtering transactions
- Categorizing transactions and customizing categories
- Reconciling accounts
- Creating and understanding spending reports
- Projecting future balances
- Using Quicken Online Bill Pay
- Creating a budget
- Creating a debt reduction plan and savings goals
- Using the Lifetime Planner and the Tax Center
- Tracking investments
- Viewing your investment portfolio
- Creating and understanding investment reports
- Using the Quicken mobile app
Skill Level Appropriate for all
The Investing tab in Quicken is an area where you can track the performance of the investment account you've added to Quicken. It's best to start using the Investing tab feature, after you've already entered your main investment and retirement account into Quicken. It's also best to have several months of transactions entered from these accounts. It's important to understand that the tools available under the Investing tab are extra, and optional features of Quicken. Use these tools if they're helpful and applicable to your needs. You may be able to get similar or more useful tools from your investment firm's website.
Using these tools on Quicken could be an advantage, if you have several investments at different financial institutions. You can get an overall view of your entire investment portfolio in one place. Let's take a closer look at the tools available in the investing tab. To open the investing tab, just click on the Tab along the top of your screen labeled Investing. There are three main pages under the investing tab. You can use these pages to view and analyze your investment accounts in different ways. The first page, is the portfolio page. You can access this page by clicking the Portfolio button at the top of the page.
This portfolio page, gives you an overview of all your investments. This is a nice feature because when you review your account register for any of your investing accounts from the account bar, you can only see one account register at a time. You can use this portfolio view to see all of the investment accounts you've added as a whole. Now you can filter this view, you can grip it differently, and you can show it by custom dates by using the drop down filter menus at the top of the portfolio page window. Now I'll click the Performance button and we'll look at the performance page. This page shows us a view of our investment performance over time measured against benchmarks such as, portfolio value versus cost basis or average rate of return.
You can change the accounts and even the securities that you're seeing in these views and the date range for these graphs with these filter menus along the top. Now let's peak at the allocations page by clicking the Allocations button. This page provides an analysis, of how your investments are divided among assets classes, and how your mutual funds are doing compared to others. This can be really handy, you can see if you need to rebalance your portfolio to your desired asset allocations. You can filter the accounts and securities that are included, by using the options at the top of the allocations page window.
Notice in the top corner, there's an Update button, you can use this button to do one step update, and download the most recent information about these investment accounts, before you start checking your portfolio, performance and allocations. You can also update just the latest stock prices and alerts, or historical prices here. If you select Update to investing.Quicken.com, you'll be prompted to upload your investing account data to Quicken's investing website. The rationale for doing this is that you'll be able to view your investments online from any location with Internet access, rather than having to open the Quicken software.
But you don't need to do this, if you have access to your investment data through your financial institution. There's a bunch of investing and planning tools under the Tools drop down. There's a really handy security last tool where you can download quotes. It automatically selects the securities in your investment accounts that you've added to Quicken, but you can add others here to download the quotes or add to your watch list. There's an asset allocation guide that can walk you through how Quicken can help you allocate your assets and monitor and re-balance your portfolio. There's a buy/sell Preview tool that can show you what will happen if you buy or sell a set number of shares of a certain stock from one of your investments on a certain day.
And there's also a capital gains estimator, that can help you estimate the effect of a sale on your tax liability, estimate the capital gains tax that you owe, or offset gains with losses. A pop up wizard with detailed instructions for setting up scenarios to show tax implications, walks you through this process. We're seeing this reports tool in other areas of Quicken. Here it is again. You can always see the reports that are available from your accounts using this reports drop down. The Investing tab area in Quicken, is a great way to see how your portfolio is performing as a whole.
Be sure to add and update all of your investment accounts before exploring the investing tab.