How do I set up and work with security types?


You must assign a security type for each security in your Quicken Security List. This lets you organize your investments by type in reports, graphs and the Portfolio. The standard security types in Quicken are Stock; Mutual Fund; Savings Bond; Bond; Emp. Stock Opt.; ESPP; CD; Market Index; and Other.

  • Security type - Quicken classifies all securities according to their type of investment vehicle (stock, bond, mutual fund, and so on). You must specify a security type for each security you enter in Quicken. Quicken then sorts your holdings by type in the Portfolio window and investment reports. 
  • Stock - a piece of a company, sold in units called shares. Stock represents a share of ownership, or equity, in a corporation. For example, if you buy 10,000 shares in a company with 1 million shares outstanding, you own 1 percent of the company.
  • Mutual Fund - a managed portfolio that sells shares of its own portfolio. The portfolio may include stocks, bonds, and money market investments.
  • Bond - When someone lends money, that person gets an IOU promising the loan will be repaid with interest. When you buy a bond, you're basically buying an IOU from a government agency or a corporation (examples of U.S. government bonds are U.S. Treasury securities and E/EE savings bonds). Because most bonds pay interest every six months, they are often considered good investments if you need a regular source of income. You also get the original loan amount back when the bond matures (in other words, when the loan expires). Like a credit rating for a person, a bond rating gives you an idea of whether the bond issuer will be able to make its payments on the loan. When interest rates are rising, bond prices tend to go down; when rates are falling, bond prices usually go up.
  • Emp. Stock - Opt. Employee stock options are basically the "right" to buy shares of stock at a fixed price. Many companies give options to employees as an incentive to work to raise the market price of the stock above the option price, so that when the employees buy their shares (called exercising their options), they can sell the shares at the market rate and make a profit. There are two types of employee stock options: nonqualified (NQSO) and qualified (incentive, or ISO). The difference between the two is important for tax purposes when you exercise your options and sell your shares.
  • ESPP - A plan established by your company that permits you to buy company stock, usually at a discount.
  • CD - Issued by a bank that borrows your money for a specified time and pays you interest at a fixed rate. The value does not fluctuate, but you pay penalties if you redeem it before its due date.
  • Market Index - A statistical composite of representative stocks (for example, the Dow Jones Industrials or the NASDAQ Composite).

Tracking your security types is one part of maintaining a healthy diversification among your holdings. Security types are created and managed in Quicken using the Security Type List.

1. Click the Investing tab.

2. Click the Tools button, and choose Security List.

3. Click the name of any security.

4. Click Edit Security Details.

5. In the Edit Security Details dialog, click Edit Types.

6. Click New.

7. Enter a name for the new security type.

8. Click OK.

9. To assign the new security type to a security, edit the security.

Notes

  • Use the buttons in the Security Type List to edit, delete, and print security types.
  • To organize an investment report by type, choose the investment report you want from Reports menu > Investing, click Customize, and for Subtotal By, select Security Type.
  • To sort investments by type on the Portfolio page, in the Group by drop-down list, select the Security Type heading.




 

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