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Re: FM doesn't like investment-less portfolios?[ Q2 03 - Q4 05 Archive ] [ Current Message Board ] [ Archives ] [ Search ] Posted by Mark on September 22, 2005 at 16:00:00:In Reply to: FM doesn't like investment-less portfolios? posted by Mike Jordana on September 16, 2005 at 18:11:36: : I don't get this Fund Manager. I'm trying to set up a hierarchy of portfolios to replicate my real-life situation, but unless I put some investments in every portfolio, FM refuses to recognize the portfolio. Here's what I'm trying to set up: : 1 Master Level (just a "holder" for subsequent sub-portfolios, NO INVESTMENTS) : : Incidentally, I'm not averse about going into cash at a moment's notice on these portfolios, so there WILL be times when these portfolios will have NO associated investments whatsoever, other than a default cash account. I'm wondering if that's a future time bomb waiting for me as well... : Another issue for me is that oftentimes, I may have the same investment in more than 1 portfolio. If I bought IBM for 3 of the above portfolios, does that mean I will have 3 separate IBM.dat files, each with the same prices but transactions unique to the specific portfolio it's linked to? Wouldn't seem like good relational database design. : Maybe FM Personal is not the right version for my purposes, but as I understand it, Professional and Advisor versions are based on the same underlying hierarchical design, only with more bells and whistles added on. The clients I have are all family members, and this is just a hobby for me, so I really can't justify going to Professional or Advisor. : I don't know, I'm just concerned FM will be a steep learning curve for me. It seems pretty powerful, but I've run into some brick walls already, and I just downloaded the program yesterday afternoon. : Want another example? Okay, I went through the tutorial. Then, after I retrieved historical prices on the sample portfolio (only from 09/01/05 to 09/15/05), I decided half a month wasn't enough, and I wanted to go back further and retrieve more history for the same portfolio. Well, try as I might, I couldn't find how I could go back and do that. I could only retrieve current prices from that point on. That's gotta be a bummer. : Anyway, I'm rambling now...
When does FM "balk" at the empty sub-portfolios? You can have empty sub-portfolios with no investments. Are you using the New Portfolio Setup Wizard to create these? You might find it easier to use the "Portfolio Editor" to deal with creating/organizing your sub-portfolios, especially when they are empty. Just use "View / Portfolio Editor". This works like Windows Explorer, and you can create/move/edit/delete portfolios and their investments. There is another tutorial on using this at: http://www.fundmanagersoftware.com/tutor_ports.html If you have 3 separate holding of IBM you would indeed want to create 3 separate investment files, each with their own pricing/transaction history. When you retrieve prices all 3 will get updated for you. To retrieve historical prices go under "Options / Internet Settings..." and change the quote server to "Yahoo (Historical)" and then do a price retrieve. Thanks,
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