Tracking Securities and Security Prices
The Security List contains all the securities that you track in Quicken - your holdings as well as your Watch List. The Security List and related features described in this section expand your flexibility in tracking, reporting on, and analyzing your securities. First set up your investment accounts (if you have not already done so); then add securities to your Quicken Security List.
- Managing securities
Quicken prompts you to create a new security whenever you enter a transaction or download a transaction that contains a security not already included in your Security List. You can also manually add securities to the Quicken Security List (for example, to track securities you don't own in a Watch List).
From the Security List window you can also hide, edit or delete securities. If you want to conceal a security from future use but keep the transactions that use the security, hide it. For record keeping and tax purposes, it's usually better to hide a security rather than deleting it from your file.
You need to view hidden securities if you want to use them for certain operations, such as in reports and graphs, or if you want to download asset class information for them. In general, the ability to include or exclude hidden securities locally (from within a feature) depends on whether Quicken provides the option to customize the feature. If you are using a feature that cannot be customized, then you must go to the Security List to globally include or exclude the hidden securities. The Portfolio is an example of a feature that can be customized, and the Investing Center Today's Data tab is an example of one that cannot be customized.
If you've hidden a security but now want to track that security again (perhaps you sold it and then later purchased more shares) you can reactivate your already existing data for the security instead of starting over.
- Updating security prices
You can retrieve security prices (get quotes) from the Internet for securities and market indexes that you track in Quicken, provided that you have the correct ticker symbol assigned to the security.
When you download prices using One Step Update, Quicken:
- Provides the latest available prices (20 minute delayed) and displays them in the Portfolio and Security Detail windows.
- Retrieves five days of prices for each update.
- Delivers news headlines about the securities you track.
- Updates investment alerts online.
To put today's price in perspective, you can download up to five years' worth of historical prices for any security, then use the Security Detail View to see how today's price compares to prior performance (Internet access required).
Even if you use the online quotes feature in Quicken, there may be times when you want to edit the price history for a security by hand. For example, you might need to do this to match with the ending date of a broker's statement, or if you've been manually tracking an employee stock purchase plan (ESPP) account prior to Quicken 2002.).
All downloaded information is from Quicken.com.
- Downloading prices for market indexesA market index is a statistical composite of representative stocks, such as the Dow Jones Industrial Average or Standard & Poor's 500 stock index. Using Quicken's Online Quotes feature, you can download the prices for these indexes and then use them as a benchmark against which to compare the performance of securities in your holdings or in your Watch List.
- Setting up or editing a Watch List
To track the price of a security you don't own. or to follow one or more of the popular stock indexes in Quicken, you can set up these securities and indexes in a Watch List.
If you watch the price of a mutual fund you don't own, be aware that the price may drop because of income or capital gains distributions. When a fund makes a distribution, the share price is reduced by an equal amount (in addition to any fluctuations caused by changes in market value of the underlying securities in the fund).
- Looking up or changing a security's ticker symbol
You need to enter the ticker symbol for securities whose prices you want to download. Be aware that if you have more than one security with the same ticker symbol, Quicken updates all of them, even if you ask to update only one. I you want to prevent this, you can edit the extra securities to remove their ticker symbols.
Any time you change a security's ticker symbol, Quicken prompts you whether you want to keep the price history associated with the old ticker symbol, or delete the history and start over. The recommended procedure is to keep the price history.
- Viewing today's performance for market indexes and securities I'm watchingThe Today's Data tab in Quicken's Investing Center contains several snapshots designed to provide a quick overview and context for investment information that may change on a daily basis.
- Working 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; US Savings Bond; Bond; Emp. Stock Opt.; ESPP; CD; Market Index; and Other.
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.
- Viewing a security's price history/market value graphUse the Security Detail View to focus on the specifics of an individual security's price history as well as the market value of your own holdings. You can alternate between the price history and market value views of the security, and customize the time period to any meaningful date range. You can also put it all in a larger perspective by watching key fundamental data, and comparing current prices with the 52-week high and low.
- Correcting a mistake in the transaction historyQuicken's Security Detail View displays a record of all your transactions for a given security, across all Quicken accounts. Should you notice a mistake in the security's transaction history, it can be easily corrected from this location.