So I sat down to take a stab at doing my quarterly investment review, and quickly realized I didn't know what to look at and analyze! So I decided to start with asset allocation. I was expecting to see something similar to Morningstar's x-ray, but instead the pie chart shows the following:
4% Domestic bonds
22% Large Cap stocks
3% Small Cap stocks
24% International stocks
33% Other asset classes
9% Cash
4% No asset class
What the heck is this "other asset classes"? I drilled down to see the 6 mutual funds listed under this catagory, and of these, my largest holding is American Capital Income Builder (CAIBX). According to Morningstar, this fund is currently 65% stock, 20% bond, 13% cash, and only 1% other. So unless they're counting "giant" market capitalization as different from "large" cap stock, I don't know where Quicken is coming from. American Funds SmallCap World (SMCWX) lists very little "giant" but a lot of "medium" -- is this also counted in "other"?
Not very useful at all.
Less and less impressed with Quicken
April 16th, 2008 at 02:33 am
April 16th, 2008 at 03:59 am 1208314789
Have you checked out the quicken forums? I've found them to be quite helpful with my questions.
April 16th, 2008 at 04:03 am 1208315026