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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

152.0. "Wealth Builder By Money Maganzine" by SMAC::MACARTHUR () Fri Apr 10 1992 08:53

    Has anyone used the personal financial planning software
    "WealthBuilder" by Money Magazine. I'd like comments on how
    useful it is in helping to make financial ihelptments.
    
    your best investment strategy. It tracks 10,000 stocks and 1400
    mutual funds. It also includes:
    
    					Investment Newsletter
    
    					Data base updates via Modem
    
    					Checkfree bill payment
    
    					CompuServe membership.
    
    					Cost $95 from MacWarehouse
    
    I'm interested in purchasing it but like to get comments on anyone
    who may already be using it.
    
    Thanks
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152.1MR4DEC::BMCWILLIAMSImprovise if you have to ...Fri Apr 10 1992 11:2216
Note 83.* has some info on this, and I believe the old version of the
conference also had such a discussion.

I had a chance to play with an earlier release of Wealth Builder. I found the
data entry screens somewhat difficult to deal with. If you have even a
moderately complicated portfolio with some history of buying and selling, it's
hard to input all the info into the system. To me, that would make me less
likely to keep the system up to date each time I received interest or cap gains
distributions or whatever. 

Also, the mutual fund and stock database that came with the version of WB I had
was at least 6 months old. To get up-to-date data, you had to subscribe to
their service, at a cost of >$100/year. Perhaps this has changed. (The other
services you mentioned also were not offered about a year ago.)

Brian
152.2Minimally adequate39675::MOCCIAFri Apr 10 1992 16:0716
    I just bought WealthBuilder.  I give it a B.  It can handle only
    simple situations and has at least one serious fault: it can only
    accommodate one person's retirement scenario into a financial plan.
    Thus for dink couples, it's very limited.  When you purchase the
    system, you receive a reply card which will get you one copy of
    the then-current database.  If you want to subscribe, you pay
    a couple of hundred per year.
    
    Their main interest seems to be in inducing you to subscribe to
    the database.
    
    I would not consider it adequate for people who are at least
    financially knowledgable enough to participate in this notesfile.
    
    	PBM