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1
Transactions / Re: Unable to download transactions from Schwab
« on: November 11, 2020, 08:26:19 AM »
We've released an update to Investment Account Manager 3.2.2 (Individual and Professional) that provides an improved method for importing transactional files in csv format (comma separated values) from Charles Schwab brokerage.  The improved import method was required due to changes made by Charles Schwab and their decision to disable the current automated brokerage download using the OFX (Open Financial Exchange) method. 

This new method for importing transactional files will allow users to update their Schwab brokerage accounts until we are able to, as possible, get the OFX method reinstated.  We are further working with Schwab to re-write the download method to meet their new transactional download format given their decision to discontinue OFX permanently going forward, migrating to a new format standard. 

To download this latest release, start your copy of IAM3 and use the Menu Bar | Check for Updates choice.  If the choice to ‘Check for Updates’ is inactive in your copy of Investment Account Manager v3 Individual, this indicates your technical support period has expired.  If your support has expired, you can extend technical support for an additional year, by clicking here: https://www.investmentaccountmanager.com/products/product-category/support-individual/ (includes support renewal for up to 3 computers per user).  When ordering your support renewal, you will need to enter your IAMv3 user ID number as shown on the IAMv3 Help Menu | Product Support Screen.

Once you have updated to our latest v3.2.2 release, please refer to the attached document guide for steps to log into your Schwab brokerage account(s), define the transactional file for download, and then how to import into IAM using the Transactions Menu | Import Transactional File (CSV).

If any additional questions, please contact the IAM Technical Support team: techsupport@investmentaccountmanager.com


2
Investment Account Manager v3 Individual - Maintenance Release 3.2.2 Now Available

Use the choice 'Check For Updates' located on the IAMv3 Individual Version Menu Bar to automatically verify you are currently running the latest version of Investment Account Manager v3 Individual. You will be notified as to whether or not you have the current version. If not, you will be prompted to download the latest file.

Note: if this choice is inactive in your copy of Investment Account Manager, this indicates your support period has expired. To extend technical support for an additional year, renew thru our website Shop page: www.investmentaccountmanager.com.

If you have any questions, contact our technical support team: techsupport@investmentaccountmanager.com

Click here for a listing of improvements/changes/corrections included in IAMv3.2.2:
https://www.investmentaccountmanager.com/maintenance-release.php

3
Announcements / BLOG POST - Warren Buffett Investing Tips
« on: November 02, 2020, 08:46:02 AM »
Here are some favorite Warren Buffett investing tips you can use when planning your investments. – by Eric Rosenberg, Personal Profitability, a personal finance and entrepreneurship blog and podcast.

https://www.investmentaccountmanager.com/products/warren-buffett-investing-tips/

4
Transactions / Re: Unable to download transactions from Schwab
« on: October 22, 2020, 08:47:31 AM »
The answer you received from Schwab is not quite accurate...

Seems Schwab is no longer providing to 3rd party vendors (such as ourselves) the prior download format OFX (open financial exchange) to allow you to download your activity.  They discontinued on Oct 16th...outside of our control, without any warnings for our shared customers (such as you).   So as of now, the current method you have used will no longer work. 

We are in contact with Schwab and have submitted the necessary registration for approval to a new API connection, and are waiting for Schwab to approve.  Hopefully this will be quick action on their end.  Meanwhile, we are developing a workaround for importing a csv file defaulted to the Schwab format as provided on their web site.  Both changes, as available, will be included in our next IAM3 Individual update, 3.2.2. Stay tuned... Matt

5
Announcements / BLOG POST - PORTFOLIO REBALANCING 2020 YEAR END TIPS
« on: October 05, 2020, 12:48:05 PM »
As we’re nearing the end of 2020, we pass along this reminder that now might be an ideal time to review your portfolio and identify if any rebalancing changes may be necessary to reach long-term goals. Here’s a multi-step guideline that you will find helpful to accomplish this important portfolio management task. read more:

https://www.investmentaccountmanager.com/products/portfolio-rebalancing-2020-year-end-tips-beat-the-rush/

6
Announcements / BLOG POST - My Four Goals
« on: September 01, 2020, 09:14:28 AM »
MY FOUR GOALS
Jonathan Clements | Editor of HumbleDollar.com

I’m probably a year or two away from regularly tapping my portfolio for income. That prospect—coupled with this year’s market turmoil—has led me to tinker with my investment mix and ponder how I’ll generate cash once I’m retired. One surprising result: I have more in stocks today than I’ve had at any time in the past three years, and I’m thinking of increasing my allocation even further.

read more...https://www.investmentaccountmanager.com/products/my-four-goals/

7
Transactions / Re: Unable to download transactions from Vanguard
« on: August 05, 2020, 12:05:37 PM »
If this download was working previously, but is no longer, check to see if anything has changed with your account login/authentication.  No issues on our end in testing..

if you have add'l questions, please contact our support team: techsupport@investmentaccountmanager.com

Matt

8
Frequently Asked Questions / Re: Automatic deposits
« on: July 21, 2020, 10:06:04 AM »
There is no means to set up / schedule automatic deposits to a brokerage cash account. However, if you download the activity each month from your broker, the deposit can be posted that way with all other monthly activity.

If you have any add'l questions, please contact our technical support team at techsupport@investmentaccountmanager.com

Matt

9
With summer now under way, gardening hobbyists are busily weeding, watering and tending to their plants in hope of a bountiful crop.


All gardeners know that the better the care, the better the harvest. And, just as a gardener equally will tend to all the ‘rows’ in their vegetable or flower gardens, an investor must equally manage all the investment portfolios they own, including their taxable and non-taxable accounts.

read more: https://www.investmentaccountmanager.com/products/tending-the-rows-of-your-investment-garden/

10
Transactions / Re: Unable to download transactions from Vanguard
« on: July 01, 2020, 08:19:58 AM »
We've released the v3.2.1 update to Investment Account Manager 3 Individual. This update includes several important changes, corrections and new features. Also included are modifications to IAM3 Individual that have resolved the issues due to changes made by Vanguard access to once again allow for transactional downloads.  To download this latest update, please follow these steps:

• open your copy of Investment Account Manager v3 Individual.
• select the 'Check For Updates' choice located on the menu bar. This choice will verify that you are using the latest version of IAM3 Individual.
• if not, you'll be prompted to download the latest maintenance release.
• note: If the choice to ‘Check for Updates’ is inactive in your copy of Investment Account Manager v3 Individual, this indicates your technical support period has expired.
• if your support has expired, you can extend technical support for an additional year, by clicking here  https://www.investmentaccountmanager.com/products/product-category/support-individual/.  When ordering your support renewal, you will need to enter your IAMv3 user ID number as shown on the IAMv3 Help Menu | Product Support Screen.




11
Transactions / Re: Unable to download transactions from Vanguard
« on: June 29, 2020, 11:01:21 AM »
    Hi Mark,

    Vanguard has changed its authentication methods.  We are working on a solution. For the time being:


    Open the Vanguard web page.
    From My Accounts, choose Transaction History.
    At the top right of the page, choose download.


Download Options are:
1.       Account Type: Choose Quicken
2.       Choose Data Range
3.       Choose an Account (Choose one at a time)
4.       Download and save the file

Import the file into Investment Account Manager under IAM's Transaction Menu
| Import OFX.  If you have add'l questions, please email our tech support team directly:

techsupport@investmentaccountmanager.com

Regards,

Matt


12
Announcements / Blog Post - Putting Performance Into Perspective
« on: June 02, 2020, 02:22:43 PM »
The year 2019 was a great run for the S&P 500 Index. Its 12-month total return of 31.49% was more 3x higher than its 50-year average annualized return of 10.60%. All good, right?

read more: https://www.investmentaccountmanager.com/products/putting-performance-into-perspective/

13
Support / Re: Inaccurate IRRs
« on: June 02, 2020, 02:18:34 PM »
Looks as if you are misunderstanding...  if you receive dividends, these are positive cash flows that contribute to the IRR calculation.  If you reinvest these dividends, then in addition to the income component on IRR, so too will be the change in value of the reinvestment.  The formula used for IRR is below, an it is accurate and correct.  We also further geometrically link IRR for sub period returns and closer GIPS compliance.  Please contact our tech support team directly if you have add'l questions: techsupport@investmentaccountmanager.com

Internal Rate of Return (Modified IRR Method)

The internal rate of return calculates return for the period taking into effect the exact timing of each cash flow. The model properly weights the timing of cash flows (additions/ withdrawals) for a portfolio or an individual asset, for a selected date range, to provide the return calculation. Internal rate of return can be equated to the compounded effective interest rate that a savings account would have had to earn in order to reach the portfolios' current present value including all investment flows (purchases, sales, income, interest, reinvestment, etc.), while adjusted for timing of the specific flows.

Key variables in the model include: Beginning Market Value, Ending Market Value, Income, Reinvestments, Sum of all Cash Flows within the period (additions/withdrawals), and Weight Factor (# of total days in the period that the cash flow "F" has been in, or out of, the portfolio). The return derived here can then be stored to be used in 'linking' returns.

The calculation is:

MVE = Summate Fi(1+R)^Wi

(^ denotes raised to the power of)

where:

MVE = the market value at the end of the period (includes any interest or dividends earned but not withdrawn, i.e. reinvestments, etc.).

MVB = the market value at the beginning of the period, (includes any interest or dividends earned but not withdrawn, i.e. reinvestments, etc.).

Summate F = the sum of the cash flows within the period (contributions to the portfolio are positive flows, and withdrawals or distributions are negative flows). The market value at the start of the period is also treated as a cash flow at the beginning of the period, i.e. MVB = F0.

R = the internal rate of return.

Wi = is the proportion of the total number of days in the period that the cash flow Fi has been in (or out of) the portfolio. The formula for Wi is:

   Wi = [CD-Di] / [CD] (this is the weighting component)

   where:

CD = the total number of days in the period.

Di = the number of days since the beginning of the period in which cashflow Fi occurred.
 
IRR is derived by selecting values for R and solving the equation until the result equals MVE. For example, if there were a total of three cash flows for the period (including the beginning market value treated as F0) - there will be three terms in the computational formula:

MVE = F0(1+R)^W0 + F1(1+R)^W1 + F2(1+R)^W2 .

The first term deals with the first cash flow, F0, which is the value of the portfolio at the beginning of the period (MVB). Wi is the proportion of the period that the cash flow Fi was in (or out) of the portfolio. Because F0 is in for the whole period, W0 = 1. The larger the value of Fi in the term, the more it will contribute to the total. But the smaller the exponent (i.e., the value of Wi), the less the term will contribute to the sum. This usually means that the first term, with a large F0 and W0 = 1, will contribute far more than the other terms.

Source: Global Investment Performance Standards Second Edition (2006),  Charlottesville, VA 22903, pg 87-88.





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What’s the key to making good investment choices? It isn’t necessary to understand the inner workings of the securities markets or the mathematical economies underlying investment theory.  Instead, 10 axioms of effective investing provide the critical cornerstone for guiding investment philosophy and making decisions. This will ensure that you meet the universal goal of creating financial wealth for retirement.

read more: https://www.investmentaccountmanager.com/products/reach-your-retirement-goals-by-following-10-basic-axioms/

15
Reporting / Re: net of fees performance reporting
« on: April 30, 2020, 05:58:58 AM »
Both IAM Individual and IAM Professional will include in the performance calculations any expenses/fees occurring within the time period, as well as all other investment flows.

If any add'l questions, please contact our technical support team:

techsupport@investmentaccountmanager.com


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