mrc
Lieutenant
Posts: 104
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Post by mrc on Jan 14, 2022 3:25:55 GMT
Hi,
I have been using Morningstar Portfolio manager for 15 years, but never bothered to validate if their numbers.
Here is what made me to think twice.
The total cost of a fund I invested is $4k and the total of the sold amount is coming to $18.5 based on the the transaction history of the fund (from the brokerage account that I also entered into Portfolio manager), but Portfolio manager is showing $14.5 as Realized gains.
Am I missing something?
Do I need to report to the M* Customer Service?
-Mrc,,,
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Post by FD1000 on Jan 14, 2022 4:45:55 GMT
It was never accurate, as far as at least 7-8 years. I just keep several category lists, but I and others noticed errors in the past.
I have used it years ago for my portfolio and found after several months it was wrong and never looked back.
I now track my total portfolio thru Fidelity + Schwab. Both let you include all your accounts from different sources.
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Post by roi2020 on Jan 14, 2022 5:13:05 GMT
To answer the question posed in this thread's subject - NO!
I track multiple watch lists via M* Portfolio Manager.
Portfolio Manager stated incorrect values for "% Change" and "% Total Return" on a few occasions.
It also reported stale mutual fund prices for several consecutive days at least twice.
I wouldn't count on M* to remediate Portfolio Manager "bugs" but I guess it wouldn't hurt to contact customer service.
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Post by yogibearbull on Jan 14, 2022 13:33:14 GMT
M* Portfolio does have errors at times.
But reporting of gains and losses (G/L) is based on assumptions that may/may not apply in all situations. M* Portfolio itself as 2 cost-basis settings and it is too complicated to account for which shares are sold first.
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Post by Chahta on Jan 16, 2022 16:03:09 GMT
Hi, I have been using Morningstar Portfolio manager for 15 years, but never bothered to validate if their numbers. Here is what made me to think twice. The total cost of a fund I invested is $4k and the total of the sold amount is coming to $18.5 based on the the transaction history of the fund (from the brokerage account that I also entered into Portfolio manager), but Portfolio manager is showing $14.5 as Realized gains. Am I missing something? Do I need to report to the M* Customer Service? -Mrc,,, Their numbers are fairly accurate. Distributions are paid to account holders down to the cent. PM does not look at it that way so accurate number of shares can get off at times. Also distribution dates can be off. The reinvestment prices for ETFs and CEFs is never accurate since PM does not know what day they are bought by the broker. |
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Post by oldskeet on Jan 23, 2022 15:26:22 GMT
Hi guys,
I have found, at times, price and total return updates to be slow with a good number investment positions tacked not updaing until after 7:00 pm EST. Because of these slow updates I have to revisit and update my Friday briefing report if posted before 10:00 pm. After 10:00 pm I usually find the updates complete ... but, not always.
Old_Skeet
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Post by fritzo489 on Jan 23, 2022 17:10:02 GMT
Are you telling me that info sent out to brokerages is bogus !? Example Schwab
Football Sunday, fritzo489
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Post by Chahta on Feb 5, 2022 16:36:57 GMT
Are you telling me that info sent out to brokerages is bogus !? Example Schwab Football Sunday, fritzo489 M* simplifies things. For example the monthly payout on PTY (most ETFs & CEFs) is posted in Portfolio Manager (PM) the day PIMCO declares it. Usually about the first few days of the month. They don't pay it until the 1st of the following month, then if it is reinvested the brokerage purchases additional shares on your behalf a day or two later. Portfolio Manager has no idea what the purchase price is. This is way too complicated for PM. Another example is PM uses the calculated amount to hundreth place or more. The brokerage/funds pays dollars and pennies. Too difficult for PM to understand. These examples always take editing to correct, then an error is produced and stays in the Dividend/Split screen forever. |
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Post by alvinthechipmunk on Feb 26, 2022 19:44:51 GMT
Morningstar portfolio manager is accurate when it feels like being accurate. Going back a handful of years, they stopped caring, apparently. I do use it, because I'm accustomed to it. I know where to click to go and see the info I want to see. I often notice that the share prices are correct, though the indicator is incorrect about whether that share price went up or down or was flat on the day. I have never attempted to import anything into there. I do like it's X-Ray tool. I would never PAY for Morningstar premium: they're just too lackadaisical. But I get premium via TRP because I have X amount invested with them.
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Post by anovice on Feb 27, 2022 10:41:50 GMT
Morningstar portfolio manager is accurate when it feels like being accurate. Going back a handful of years, they stopped caring, apparently. I do use it, because I'm accustomed to it. I know where to click to go and see the info I want to see. I often notice that the share prices are correct, though the indicator is incorrect about whether that share price went up or down or was flat on the day. I have never attempted to import anything into there. I do like it's X-Ray tool. I would never PAY for Morningstar premium: they're just too lackadaisical. But I get premium via TRP because I have X amount invested with them. I use free Morningstar X-ray too as well as one of the versions of M* on TRP (I believe there are two). I do not get the analyst reports. There is a small discrepancy between the free one on M* and TRP, that while unimportant, I would like to reconcile. When using "Tracking" (Tracker on TRP), Snapshot, in the "% Change" column (Price Change % on TRP), it is 1% higher on the TRP version. What is crazy, is that all the other columns reconcile. Current Price, Price Change, Shares Held, Market Value, and Weight %. This recently happened and I am wondering if I did something with the way I entered Cash, although those columns reconcile too. Any idea what may be causing this? |
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Deleted
Deleted Member
Posts: 0
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Post by Deleted on Feb 27, 2022 14:53:43 GMT
Grandeur Peaks had late updates for Friday's closing fund prices. Fidelity, Vanguard, and Yahoo Finance still show Thursday closing price. Morningstar is the only source I've found with the correct price.
I found Portfolio Manager to be accurate for my needs, and think it's performance has improved since Morningstar abandoned Discuss.
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