Quicken 2015 for Windows Review – Analyze Your Investment Portfolio

I’ve been a long-time user of Intuit’s Quicken since 1992 — now over 20 years. My family and I track 60+ accounts within Quicken. So to say I’m a power-user of their product would be an understatement. We have every bank account, credit card, asset, retirement, investment, and liability linked within the software. For this review of Quicken Premier 2015 for Windows, I bought a copy from Amazon and converted from my previous version of Quicken 2014.

The conversion from Quicken 2014 to 2015 took about ten minutes to complete, and was more descriptive than previous. This conversion process was flawless, and I did not have any issues.

Intuit never does radical changes with their annual software updates, as they incrementally add features to Quicken, and the enhancements tend to be evolutionary rather than revolutionary.

In today’s cloud/web 2.0/Internet world, Quicken is no longer the only game in town. It’s possible to completely store your financial information online using services like Intuit’s own Mint.com service, or what we recommend Personal Capital.

However, these financial aggregation services tend to be read-only, and are more for alerting or reporting your finances. And reconciliation and online bill pay isn’t usually available with these types of services.

For individuals who prefer to stay with a locally installed application, there is also YNAB (You Need A Budget), Moneydance, or if you are looking for a native Macintosh software application there is iBank as well.

Though none of the mentioned applications come close to Quicken in marketshare usage, or from our tests, the comprehensive personal finance features make Quicken for Windows the leader in the industry, and there’s no question why this is the case (though the others are catching up).

Quicken 2015 vs. Quicken 2014

Quicken 2015 for Windows adds even less new features than previous years. The major new features are:

  • Portfolio X-Ray – Available with Premier and higher, you can get insights from Morningstar into your investment portfolio
  • Free Credit Score – This is something Intuit also added to their Mint.com service as well
  • Mobile Improvements – Syncing occurs faster and spending graphs
  • Improved Options Trades – Ability to better handle options trades in the register

It’s nice to see after many years of little or no improvements, they’ve finally added a new functionality to the investment section.

Portfolio X-Ray

Quicken's  Morningstar X-ray service

Breakdown your investment asset allocation with Morningstar (click to enlarge)

Now with Quicken 2015 Premier and higher, this feature is built right in. It slices and dices your portfolio and tells you where you are under allocated, and where you are over allocated.

New for 2015 is the Quicken Portfolio X-Ray feature. In partnership with Morningstar this is a much welcomed feature, and wish Morningstar had this available on their website.

While I love using Morningstar for research and thinking their X-Ray tool is invaluable, it was too cumbersome to manually enter the investments. I also was never able to get the export out of Quicken to work correctly with Morningstar’s X-Ray tool. So I didn’t use the X-Ray tool as much as I would have liked to.

For those not familiar with Morningstar’s X-Ray tool it dissects your portfolio into these areas:

  • Asset Allocation – What percentage of stocks, bonds and other asset classes
  • World Regions – How much you have invested around the world
  • Stock Sectors – How much is invested in various industries
  • Stock and Bond Style – With stocks: how much is invested in Value, Core and Growth, vs. Small, Mid and Large Cap stocks.
  • Fees & Expenses – Breakdown of your overall annual expense ratio

In my situation it recommends I decrease my allocation to Asia, and I have too much exposure to financial services. Unfortunately the one limitation (which is the same with Morningstar’s service) is the ability to adjust your asset allocation, and adjust your risk profile for “what if” scenarios.

Free Credit Score

Quicken Free Credit Score

Get a financial checkup of your credit score (click to enlarge)

Another neat feature in Quicken 2015 is the ability to generate a free credit score. Though in my case wasn’t able to get this working within Quicken because of some Cloud ID issue.

This was also recently added into Mint.com as well. Though it’s not without its limitations. Intuit pulls your credit score from only one of the three credit agencies (Equifax), so it’s not as useful when compared to Credit Karma.

Intuit’s service also doesn’t monitor your credit score or negative changes so the report is only useful for that moment in time. Unfortunately, if you are married, there doesn’t appear to be a way to get a credit score for your spouse.

Features Added in Previous Versions of Quicken

Thinking about upgrading from an existing version of Quicken, but not sure what’s changed since bought last? Here’s a summary of what features were added in previous versions.

New Features in Quicken 2014

  • Store and Save Receipts – You can take pictures of your receipts and store them within Quicken for later retrieval.
  • Memorized Transactions Show Up in Register – This is perhaps the best new feature I like. Previously you had to enter memorized transactions, but this feature will display future events within in the register before entering the transaction.
  • Overall Speed Improvements – While I did not do exact performance tests, it seems Quicken 2014 was much more responsive.
  • Mobile Synchronization Improvements – Many users complained how Quicken’s mobile synchronization was broken in 2013. Intuit claims, and from my testing so far, this feature has been improved.
  • Budget Improvements – Users also complained about 2013 and the budget changes. Quicken added two options that should satisfy users who want their budget displayed with including and excluding specific transactions.
  • More Connectivity Resolutions – Quicken 2014 makes it even easier to fix connectivity issues with your financial institution

New Features Quicken 2013

  • Quicken Mobile – First version of Quicken Mobile app for Apple and Android devices
  • Synchronization Improvements – Gave a step-by-step process to help with bank synchronization problems
  • New Budgeting Functionality – Though many users complained about this new functionality and was later improved in 2014

Technical Requirements

Quicken’s requirements have always been the middle to low lend-end of new computers sold. The specs listed below shouldn’t be an issue if your hardware is less than 3 years old. These are similar specs needed to run Quicken 2011, 2012, and 2013. I would recommend a slightly more powerful machine than listed. Note that Quicken 2015 does not support Windows XP which has been EOLed.

  • CPU: 1 GHz
  • Operating System: Windows Vista SP1, Windows 7/8/8.1 (32 and 64-bit)
  • Memory: 1 GB or more (I recommend at least 2GB; 4GB being ideal)
  • Hard Disk Space: Up to 450 MB free space; up to 1.5 GB if .NET not installed
  • Display: 1024×768 or higher resolution, 1280×1024 for large fonts
  • CD/DVD Drive: Recommended
  • Internet: 56 Kbps (broadband recommended for online services)
  • Sound: Sound Card and Speakers Recommended
  • Printer: Any printer supported by Windows Vista/7/8/8.1
  • Additional Software (included in Quicken installer): Microsoft .NET 4.0 or later

Using Quicken for Windows on a Macintosh

I’ve been using Quicken since my first MS-DOS computer in 1991. Now that I am a Macintosh user, I still prefer Quicken for Windows. Though the question becomes how do I run Quicken for Windows on my Macintosh?

Even with the recent release of Quicken 2015 for Mac, the product isn’t complete enough for my needs. It currently lacks bill paying, and lacks many of the features in the investing section.

So I run Quicken 2015 Premier for Windows by running it in a VMware Fusion 7 instance. If you want to find out more about this process you can read my article: How to Run Quicken for Windows on a Mac.

The added benefit of virtualizing Windows is an additional layer of security, since no other software is installed on that instance. You don’t have to worry about any rogue viruses or software compromising your finances. This technique is also possible on a Windows-based machine.

Quicken Review and Summary

The free credit score is a neat new feature, though you can get free credit scores from other services. The credit scoring also lacks monitoring, and can’t get a free report for your spouse.

The Portfolio X-Ray feature is the best new feature available in Quicken 2015 for Windows. Unlike Morningstar’s website it makes it easy to analyze your portfolio. As an investor, I welcome this addition.

Like the last few years, if you have a current version of Quicken, I don’t see any “must-have” features to upgrade. If you have no issues with your existing version, then there’s no real reason to upgrade.

If you have an EOL (End Of Life) version of Quicken, or currently don’t use Quicken, then it makes sense to purchase this version. I much prefer Quicken over Inuit’s Mint, because it can handle much more complex financial scenarios and it isn’t read only. Quicken can definitely grow with you as your finances become more complex — Mint on the other hand cannot.

Personal Capital is another possible option if you are looking for a purely cloud-based solution, and you want more complex investment reporting than Mint.com.

Quicken 2015 for Windows still remains the personal finance app to beat — locally installed or in the cloud.

Rating: 4 out of 5 stars

Quicken Premier Giveaway

Thanks to Intuit, I was able to grab a hold of two copies to give away to our readers. We are giving away two copies of Quicken Premier 2015 for Windows and retails for $104.99. All you have to do is enter the contest below. Contest ends November 1st, 2014 at 12:00 ET.

All you have to do is signup to our mailing list to qualify. We also have social media options for bonus entries into the sweepstakes.

a Rafflecopter giveaway

Get Quicken

Save $10 off your order. You can order and download immediately from Intuit’s website. I recommend Quicken Premier 2015 for its investment features. If unsure if Quicken is right for you, Intuit offers a 60-day money-back guarantee.

Do you have questions about using Quicken? If so do NOT ask them here.
Please only post comments reviewing Quicken itself, and not questions/issues about using Quicken. Please register on our forum (http://forum.investorjunkie.com/). Any questions related to using Quicken will be deleted from this post.

Comments

  1. BIg Cajun Man says:

    I have used Quicken for about 15 years now, and yes it’s changes are usually evolutionary. I can admit that I used Pocket Quicken on a Newton! Then a Palm Pilot!

    Most folks should use it, whether they want to or not!

  2. Alex Badgley says:

    I am really cautious when buying programs that I am unsure of. Is the “The 60 day money back guarantee” allowed even when the program is installed? Thanks for the assistance.

    • Larry Ludwig says:

      I believe so but you can check with their terms and conditions. Especially since they offer a downloadable version.

  3. Carl Tippins says:

    Have they fixed the mortgage loan update issue? I’m using Quicken 2014 and was excited to see the link to your mortgage loan accounts ….. unfortunately, it doesn’t work. I have several investment properties and really don’t want to enter the transaction details manually.

      • Carl Tippins says:

        Mortgage loans don’t update at all…..balances, payments, transactions (such as amounts posted to principle and interest for each payment). I looked it up on the Quicken site once I realized it wasn’t working and it’s a known issue. :(

        • Larry Ludwig says:

          Not sure about you issue, as I have 3 loans and not having that problem. Though thanks for noting it as a possible issues for other users of Quicken.

      • Carl Tippins says:

        Forgot to tell you….the “work arounds”:
        #1 – Delete the accounts and create new online enabled accounts. (Did that, issue still occurred.)
        #2 – Delete the accounts and create new accounts that are not online enabled. This means you have to manually update the accounts every month. (Kind of defeats the whole purpose of using software that is suppose to update your accounts automatically.)

        If there was a different software out there that did all the things Quicken does (or, should I say, suppose to do) I would gladly switch. But, as you said in your article, nothing else exists that does everything Quick does.
        I have been using Quicken products for about 15 years. Quicken has the worst customer service around …. it’s practically non-existent. Instead of giving you an actual employee to interact with, they send you to “Quicken Community”. Where, evidently, the users must fix Quicken product issues. The installation of Quicken 2014 was the very first time I didn’t have an install issue upgrading the software. Every other upgrade had major issues resulting in completely having to de-install the old software, installing the new software, and re-creating every account from scratch. I can’t tell you how many time’s I cursed Intuit for providing such a lousy product. I would wait until I was threatened with “your downloads will stop working if you don’t update” before I would switch products. Reading the “community” site will make anyone question if they should buy Quicken. It’s sad, but what can you do when they provide all the bells and whistles no one else does.

  4. Dave Johnson says:

    I loaded Q14 last year and have had difficulty with it since. I also purchased a new high res PC – Q14 doesn’t seem to be able to handle the high res without having to change the font and font size. It also doesn’t seem to move to the next downloaded transaction after the first is entered. Has Q15 addressed either of these issues?

    • Larry Ludwig says:

      I’m running Q15 via a VMWare Fusion machine. From at least my testing it appears no in virtual machine, but I can’t speak for a real machine.

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