Static Value for Manually Added Stock Holdings in Net Worth Report

rosachin21k

The Net Worth report does not dynamically update the market value of manually added Other Investment accounts that hold publicly traded stock. The value for these holdings remains static, reflecting the market price on the day the transaction was initially entered. This leads to an inaccurate total net worth calculation.

Steps to Reproduce:

• Navigate to Accounts and select the option to add a new manual account.
• Set the account type to "Other Investment."
• Manually add a holding for a publicly traded company (in my case, RSUs), including a ticker symbol and the number of shares.
• Save the account and navigate to the Net Worth report. Note the value of this new holding and the total net worth.
• After the next trading day, when the stock's market price has changed, view the Net Worth report again.
  

Expected Result:
The value of the manually added stock holding should update to reflect the new, current market price. The total Net Worth figure should adjust accordingly.

Actual Result:
The value of the manually added stock holding remains unchanged from its initial value on the date of entry. The total Net Worth report is therefore inaccurate.

Max1223

I think the only way to get QS to auto update an account is to add it through the Settings/Account section. A Coach would be able to confirm this.

I get errors using the Investment tool, so I've deleted my Investment accounts and manually added the account's total balance. It is for the entire account and not just one stock ticker. I manually adjust the balance at whatever interval I choose. This changes net worth.

Here are a couple of discussions about Investments and in sum, the reason why I've deleted the Investment accounts and manually add just the total balance. If I want details on transactions, exports, accuracy, I go to the site itself e.g. Schwab, Morgan, etc.

https://community.simplifimoney.com/discussion/10262/investment-transaction-duplications-edited

This is a feature request to just have QS log total balance but NOT import individual transactions, which would eliminate any issues caused by duplicating transactions.

https://community.simplifimoney.com/discussion/10982/simple-vs-complete-investment-tracking

and finally issues around exporting

https://community.simplifimoney.com/discussion/5964/ability-to-import-export-investment-transactions-edited

Coach Jon

Hello @rosachin21k,

Thanks for reaching out! Can you please provide screenshots showing the issue in more detail so that we may understand specifically what is occurring for you within the program? You may feel free to send those screenshots via DM to me.

-Coach Jon

rosachin21k

Hello @Coach Jon ,

I have sent you a message with screenshots explaining the issue. Please let me know if you need anything else.

Coach Jon

Hello @rosachin21k,

Thanks for the requested screenshots! If you navigate to Investments > Holdings, does that window show a change in value of the Holdings themselves? I will state that Shares and Prices are updated automatically for connected Investment Accounts during nightly aggregation, while Holdings information in Manual Investment Accounts gets updated automatically during nightly aggregation as long as a valid ticker symbol is used.

-Coach Jon

rosachin21k

@Coach Jon - Yes, Investment > Holdings shows a change in value of the holdings on a daily basis. I just want to reiterate that the issue is that this change in value is not reflected in the net worth report.

Coach Jon

Hello @rosachin21k,

Thanks for the information and your patience! We were able to see this issue on our side, too, and we did get this issue reported to our product team. We will be sure to follow up here when we receive a status update going forward.

-Coach Jon

SIMPL-27593 // QCS-21386

DryHeat

@Coach Jon You mention "nightly aggregation"…

Is there an article somewhere that explains how "nightly aggregation" works and what types of accounts it accesses and what kind of information it pulls down?

Some time ago @Coach Natalie posted the following link to a support article about it, but that link leads to a "page doesn’t exist" message.

How Does Quicken Simplifi Connect to My Bank? | Quicken Simplifi Help Center

Coach Jon

Hello @DryHeat,

The way Quicken Simplifi connects to your bank and how nightly aggregation works is as follows:

• After providing Quicken Simplifi with your bank login information, Quicken establishes a one-way connection with your bank. This means data is imported into Quicken Simplifi from your financial institution, but Quicken Simplifi cannot affect your transactions or balances in any way.
• Access and retrieval of your financial data is automated through nightly updates. Our aggregation partner logs into your bank's website once per day outside of business hours, which is why you may notice login activity on your bank website overnight.
• Your login credentials are encrypted and stored on our aggregation partner's servers, while financial data is stored on Quicken-hosted servers to provide a more complete history of financial transactions than is stored on bank servers.
• Both Quicken Simplifi and our aggregation partners use state-of-the-art security measures to protect your login credentials and financial data.

I hope this helps!

-Coach Jon

DryHeat

@Coach Jon

Thanks, that's very clear.

I assume it is the same aggregation partner that logs in and handles the transaction and balance updates during the day (whenever I am accessing Simplifi and sufficient time has passed). So this nightly aggregation process assures that updates occur at least once a day, whether I access Simplifi myself or not.

Coach Jon

Hello @rosachin21k,

I am back with an update for this issue from our product team. They state that the issue has been fixed, and Investment values should now be updating properly in the Net Worth Report. Let us know!

-Coach Jon