#Financial Management
5 messages in this thread
Hi Chris,
>> What do YOU (all of you) expect from a "financial management" program?
I wanted to respond to this, because I don't have a "good" program for my
purposes. And, all I really want to do is track & monitor my IRA. (Which I want
to manage by myself through a discount broker…)
=> What I'd like to see is something like an EQUIS PULSE clone for the Amiga.
I have both Quicken & Wealthbuilder on the PC emulator that I have, and neither
really fit the bill… For example, I don't want to account for every dollar
that I have by having to tell the program that my brokerage account that my
money came from my bank account (when it really came from somewhere else that I
don't want to have to enter either!)… Also, I'd rather not have to enter my
quotes manually each day, and would like to see the program be able to read in
my data files (after I've downloaded my quotes from another software program).
For example, Equis Pulse will permit you to read Metastock format files (which,
of course isn't available for the AMiga, but that's another story…), as well
as other formats.
The more important things (to me) would be to have the ability to read in the
current price, post percentage gains and/or losses for the day, the week, the
year… by each equity or market and by total portfolio (or combined
portfolios). Also, I like to see my target prices and stops (alerts on these
would be nice also), as well as percentage weight that each equity or market
makes in relation to my entire portfolio.
Also, I'd like to see some sort of asset modeling capability, to enable the
user to minimize the total risk of the portfolio, as well as to maximize gains
from the portfolio.
To me, managing my IRA is a very practical application. So far, on the Amiga,
I've my option seems to be to design my own spreadsheet for this purpose.
Crude, at best.
– Dave
Dave,
it looks to me that what you want is more of a securities management
system – as far as I've seen so far, "financial management" software
basically deals with money (i.e. what do you earn vs. what do you spend
and for what, loans, etc.), is that correct? Mind you, I haven't actually
_seen_ such a program yet, just read some ads… ;^)
There appears to be some pretty advanced portfolio management software
for the Amiga, though. There is a combination of 2 programs called
AMIGABOERSE and AMIGADEPOT (securities exchange and securities account) on
the TIME PD disk #283. This combination has been started in 1987 and been
in development ever since market introduction in 1988. Got top marks from
independent and Amiga mags in Germany. Seems to have gone PD? Maybe just a
demo. I'll try and get my hands on a copy and u/l it if it's not in German
only.
// Chris coming in from Germany
\X/ still on AutoPilot 1.061….
Hi Chris,
>> as far as I've seen so far, "financial management" software
>> basically deals with money (i.e. what do you earn vs. what do you
>> spend and for what, loans, etc.), is that correct? Mind you,
>> I haven't actually _seen_ such a program yet, just read some ads… ;^)
O.K…. to directly quote from the manual, "Quicken has six account types with
features tailored to different tracking needs: bank accounts, cash accounts,
credit card accounts, asset accounts, liability accounts, and investment
accounts."
So, Quicken does have an option to track investments… And as I said before,
personally, I am NOT happy with the portfolio option, for a number of
reasons… As for stocks, Quicken *DOES* account for buying on margin, adding
dividends, tracking indexes, downloading "Quicken Quotes" (… and I download
my quotes from TWO sources already!), selling short, and handling splits. They
don't have an option to read my existing data (even from well-known sources),
Quicken doesn't set off an alarm if my stop (or sell/cover) price is hit,
Quicken doesn't let me print off reports that would be more meaningful to me,
etc. etc. etc… I could do better with a spreadsheet than with Quicken.
I have to report my taxable account transactions to the IRS, and I am very
motivated to keep accurate records here… At the same time, I don't want to
spend more $$ for yet another online service, and after I get home from work, I
don't want to have to spend extra time manually entering the quotes that I
downloaded from a different software package. (For example, Equis Pulse does
this automatically.)
Again, I also like to review the weighing of my protfolio. Including an asset
allocation model is what I consider to be a plus.
>> There appears to be some pretty advanced portfolio management software
>> for the Amiga, though. There is a combination of 2 programs called
>> AMIGABOERSE and AMIGADEPOT (securities exchange and securities account)
>> on the TIME PD disk #283. This combination has been started in 1987 and
>> been in development ever since market introduction in 1988.
>> <stuff deleted>
>> I'll try and get my hands on a copy and u/l it if it's not in German
>> only.
Please do! I would appreciate it! <smile>
(I just hope that it will run on my A4000/040.)
Thanks
– Dave
David,
I try (haven't found a BBS yet that I can d/l it from…). Have also
ordered AmigaMoney to see what that can do, haven't been able to get
information whether english version is available/planned as order desk
didn't know and I couldn't get through on the hotline number she gave
me… From what you quoted from the Quicken manual, AMoney sounds much
like that. Well, more when I get it.
// Chris coming in from Germany
\X/ still on AutoPilot 1.061….
Hi Chris,
Uhmmm…. I forgot to mention that Equis Pulse was voted (by the readers) the
#1 portfolio program of the year in "Technical Analysis of Stocks &
Commodities" magazine here in the U.S… TASC is a leading magazine in that
field.
(But, still looking for something on the Amiga side.)
– Dave