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What's new in Quicken 2015 for Windows?

Updated: 9/30/2014 | Article ID: GEN85748

Below is a summary of two major new features we’ve added to Quicken this year and how to use these powerful enhancements. We really appreciate your business and work hard every day to make Quicken the best personal finance solution for you. Enjoy!

  • New! Free Credit Score, Report Summary and Monitoring Alerts
  • New! Portfolio X-Ray®

You asked. We listened. We’ve also added other improvements to make it even easier and faster to stay on top of your money.

Credit Score, Report Summary, and Monitoring Alerts

Monitor your credit score, get a quarterly credit report summary and receive alerts if anything changes at the credit reporting agency, using Quicken 2015.

Quicken has partnered with Equifax to get you all the data related to your credit score.

  1. Register for Credit score through Reports > Credit Score > Credit Report Summary menu.
  2. Alternately you can access Credit Score from the Account bar.
  3. Register with Equifax by entering your details in the registration screen provided below.
  4. Equifax will get back with challenge questions that you'll need to answer. Answer the questions below and press "Get your Free Credit Score" button.
  5. If you have entered all information correctly as per Equifax records, you will be provded with the credut score report summary as shown below.
  6. You will be able to get the next credit score summary report after 90 days. Meanwhile you will be alerted when any details about your credit history changes at Equifax.
  7. The Credit Report Summary has the following sections in it:
    • Credit Card Usage shows how much you spend on your credit cards as a percentage of your total available balances (your credit limits) for all of your credit cards. A high percentage could indicate that you don’t have your spending under control and could be a greater risk for defaulting on your payments. Try to keep your credit card usage under 30%.
    • Payment History plays a critical part in determining your score. Making your payments on time shows potential lenders how reliable you are in paying back what you owe. Be sure to make all of your payments on time (even if it's just the minimum payment due), and remember that other types of credit payments such as those for student loans and auto loans affect your score.
    • Age of Credit is the average amount of time you've had all of your open credit accounts. It measures the longevity of your credit history. Opening several accounts in a short period of time may indicate a great level of risk, so avoid opening lots of credit accounts unless you really need them. Be sure, also, to keep your old accounts open with a good payment history for each
    • Total Accounts is the number of accounts you have, which may be an indicator of how credit worthy lenders think you are. Don't go crazy and open a lot of accounts, though, because the average age of credit is more significant than number of accounts when calculating your credit score.
    • Credit Inquiries is a count of all hard credit inquiries place on your credit report. What makes an inquiry "hard" is when you authorize a lender to get your credit report for their benefit, so they can evaluate you when you apply for a credit card, a loan, or other form of credit. If you get your credit report yourself or go through an agent such as Quicken to get it for you on your behalf, it’s called a soft inquiry and it does not affect your credit score.
    • Derogatory Marks are indications of poor behavior in the past when it comes to being responsible about credit. These include accounts in collection, liens, and bankruptcies – things potential creditors are definitely wary about. Sometimes things like this happen and they’re beyond your control but if you can, by all means do your best to keep these things from happening. No matter the reason, these negative marks will likely stay on your credit report for seven years or more.
  8. You will get email alerts with brief description to the registered email id which you used as part of Intuit ID registration.
  9. You would be able to see the detailed credit alert within Quicken. You can access it from Reports menu > Credit Score > Credit Monitoring Alerts.
  10. If you wish to unsubscribe from receiving email alerts for credit score, you can click on ‘Do not receive alerts’ link at the bottom of the above page.

 

X-Ray Portfolio

Quicken has partnered with Morningstar® to provide the Portfolio X-Ray feature within Quicken for you to analyze and understand the strengths and weaknesses of your portfolio.  Your portfolio will be analyzed in various dimensions, and you will be provided different insights based on your specific portfolio.  This will help you make smarter investment decisions or give you ideas about rebalancing your portfolio.

  1. You can access Portfolio X-Ray by clicking the sub-tab under the Investing tab.
  2. Click on the Get Started button and accept the Terms and Conditions to proceed.
  3. Click on Yes , I AGREE  to accept the Terms and Conditions, then click Continue. This will send your portfolio information to Morningstar and generate X-Ray results.
  4. You can use the various filters on top to select the accounts for which you would do an X-Ray analysis and hit ‘Refresh X-Ray’ button for the new results.
  5. There are various components in Portfolio X-Ray.

Price / Earnings - The Price/Earnings Ratio or P/E Ratio is a stock's current price divided by the company's trailing 12-month earnings per share from continuous operations

Price / Book - The price/book (P/B) ratio of a fund is the weighted average of the price/book ratios of all the stocks in a fund's portfolio

Return on Assets (ROA) - is the percentage a company earns on its assets in a given year (Year 1, 2, etc.).

Return on Equity (ROE) - is the percentage a company earns on its total equity in a given year (Year 1, 2, etc.).

Average Market Cap ($mil) - The average market capitalization of a fund's equity portfolio gives you a measure of the size of the companies in which the fund invests.

Effective Duration - Average effective duration provides a measure of a fund’s interest-rate sensitivity

Effective Maturity - Average effective maturity is a weighted average of all the maturities of the bonds in a portfolio, computed by weighting each bond’s effective maturity by the market value of the security.
 

Expense Ratio – The expense ratio is the annual fee that all funds or ETFs charge their shareholders.

Average Gross Expense Ratio – Gross Expense Ratio represents the total gross expenses (net expenses with waivers added back in) divided by the fund's average net assets.

Potential Capital Gains - Potential capital gain exposure (PCGE) is an estimate of the percent of a fund's assets that represent gains. PCGE measures how much the fund's assets have appreciated, and it can be an indicator of possible future capital gain distributions.

Note
Credit score, report summary and monitoring alerts and data downloads from participating institutions or other parties are available until 4/2018; monitoring alerts are available 180 days after each quarterly request for a credit score. Online features and services vary, require Internet access and may be subject to change, application approval, fees, additional terms and conditions. 14,500+ participating financial institutions as of 10/1/2014.

 
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