Hello folks,

Today I am very excited to show you a sneak peek of our upcoming update 2.6 that will include investment accounts. I will also make some notes about what else to expect in this update and when to expect the update.

So, currently we’re polishing (meaning bug fixing) the investment accounts functionality on iOS and Mac. That should be done this week. Once we’re done with iOS & Mac we’ll start a beta (for iOS & Mac only) and we’ll start porting this to Android and Windows. So hopefully you will see update 2.6 at the end of March or early April (I really hope for end of March though).

Here is how investment accounts look.

And here are a few things to note:

  • There are 4 components of the investment account screen – chart, trades, portfolio and balances (cash & holdings).
  • Market values refresh automatically once per hour but you can always manually refresh them more often than that if you need to.
  • This update will add 3731 institutions supported for automatic bank sync via Yodlee. Those are mostly investment institutions (such as TD Ameritrade, E*Trade etc.)

 

One more thing…

I am also happy to tell you that update 2.6 will have another neat little feature that I know many of you have been waiting for – when a new transaction is downloaded via online banking (i.e. bank sync), it will be marked as new in the red/green flag. This will allow you to easily distinguish old from newly downloaded transactions.

 

Join the beta

Last but not least, if you want to join our investment accounts beta, please e-mail our support team at [email protected] and give them your iTunes email where you want to receive the invitation once we release the beta.

Please do not join the beta if you use MoneyWiz for Android or Windows, as sync with these will stop for until we release the update. That is because once you install 2.6 beta, it will upgrade your sync account to a new version and MoneyWiz for Windows and Android won’t have support for that new version yet.

Any feedback and questions are appreciated!

Thank you.

197 Comments. Leave new

  • Will users have to subscribe to bank sync to utilize investment accounts?

    Reply
    • No, it’s not required. If you don’t subscribe you will have to enter all trades manually. If you subscribe though and your financial institution is supported then MoneyWiz will download new trades automatically. In either case, MoneyWiz will refresh holdings values automatically, without the need to subscribe.

      Reply
  • Does it support stocks of Taiwan Market?

    Reply
    • Hi Timmy,

      Yes, MoneyWiz will support stock exchanges all over the world for manual entry. As for automatic download of trades, if Yodlee supports it, then we support it.

      So, for manual stock entry, we support all stock exchanges around the world, as I said. While you can’t specify which stock exchange to use, different stock exchanges use different tickers/symbols (AAPL, TWTR are example tickers/symbols) for the same stock. So for example in the New York Stock Exchange, Facebook is listed as FB. But on the Frankfurt Stock Exchange it’s listed as FB2A. So if you enter FB2A, MoneyWiz will download FB’s share price & other info from the Frankfurt’s stock exchange.

      So, we support stock exchanges all over the world.

      Reply
  • Does it support stocks of Spain Market?

    Reply
    • Hi,

      Yes, MoneyWiz will support stock exchanges all over the world for manual entry. As for automatic download of trades, if Yodlee supports it, then we support it.

      So, for manual stock entry, we support all stock exchanges around the world, as I said. While you can’t specify which stock exchange to use, different stock exchanges use different tickers/symbols (AAPL, TWTR are example tickers/symbols) for the same stock. So for example in the New York Stock Exchange, Facebook is listed as FB. But on the Frankfurt Stock Exchange it’s listed as FB2A. So if you enter FB2A, MoneyWiz will download FB’s share price & other info from the Frankfurt’s stock exchange.

      So, we support stock exchanges all over the world.

      Reply
  • Is it possible to use this with funds under brokers such as Hargreaves and Landsdown?

    Reply
    • Hi Mike,

      If you mean for automatic download of trades – as long as it’s supported by Yodlee, MoneyWiz will support it too.
      If you mean for manually entering your trades – yes, no limits there.

      As for that specific broker – Hargreaves and Landsdown – it seems Yodlee supports them in the UK 🙂

      Reply
      • Thank you. I use HL, but rather than having individual shares in my accounts, I have managed funds. Will this be supported in that case? Thanks again. Cant wait for this feature. And as always, awesome app and awesome work guys.

        Reply
  • can you tell me when the “end date ” of a scheduled payment wille come? this is asked and confirmed long time a go.

    Reply
    • Hi Theo,

      MoneyWiz has that functionality even now, though right now you set # of occurrences rather than end date…it’s the same principle just different UI.
      As for setting end date as opposed to number of occurrences – probably in MoneyWiz 3. We’re focused on investments now + bug fixing.

      Reply
  • Will MW 2.6 support the check writing feature in my Fidelity account?

    Reply
  • Will it support, the follow service https://nationwide.onlineips.co.uk/Logon/Logon.aspx

    Reply
  • When to start testing 2.6beta, excited 🙂

    Reply
  • Hello,

    It does appear that much thought was put into the Investment account update. Will it support tracking of 401K Loans?

    Reply
    • Hi Steve,

      If by tracking you mean automatically downloading trades – it depends whether your institution (that holds the 401k) is supported by Yodlee… if it is, then MoneyWiz can import 401k too.
      If you mean just entering the positions manually and MoneyWiz refreshing their values – there are no limitations to this.

      Reply
  • Thank you for this sneak preview of this long expected feature.
    Will it be possible to import trades from a CSV file, the same way as transactions are imported (very well and efficiently by the way)?

    Reply
    • Hi Rafael,

      Initially we won’t support importing of trades via CSV or other file format, but if it’s a popular demand we’ll surely do it in the future.

      Reply
      • Just want to add that I use interactive broker as trading platform, witch does not support Yodlee…

        Reply
  • Please please please.. add supports for Mutual Funds in India for investment accounts.

    Reply
    • Hey Manoj,

      If you intend to manually enter the trades/holdings it must work regardless of country. If you want it to sync new trades automatically then it all depends on whether Yodlee supports that particular financial institution that you use.

      Reply
  • It’s out beta 2.6?

    Reply
  • So you’re going to put in something that is very complex and differs country by country (due to different tax rules – see for example the way distributions from unit trusts have to be recorded differently in the USA, Canada, UK, Australia), but you still can’t do a salary payment with transfers to more than one bank account and with tax deducted from the salary?

    Where is the priority here?

    Reply
    • Hi Wal,

      We can do anything, it’s only a matter of time and resources. Given the time and resources we have and given the number of requests for these two particular features, we’ve prioritized on investment accounts as they are much more requested. I am hoping to see complex transactions in MoneyWiz 3 though! 🙂

      Reply
  • Any more news on a release date yet ?

    Reply
    • Hi Kevin,

      We’re in beta now (for iOS & Mac) while the Android and Windows developers finalize porting the investment accounts functionality. I hope we’ll be ready and release by the end of the month.

      Reply
  • It’s a pity that you are always promising new dates for this investment accounts feature release and unfortunately you can’t accomplish them. Last post you said “So hopefully you will see update 2.6 at the end of March or early April (I really hope for end of March though).” And now you saying “by the end of month”… I’m waiting for this feature since long time ago and it’s really frustrating to realize that you are constantly postponing it… don’t disappoint us, please! Please try to manage a bit better the customer expectations. Keep your good job, but please take this into account. Best Regards

    Reply
    • Hi Paulo,

      I agree it’s disappointing to have delays, but unfortunately there is only so much one can plan when developing software. Sometimes things come up, that we didn’t foresee in advance but we prefer to do them as it’s the right thing to do. In this case we got delayed significantly because we had to handle more exotic scenarios and their integration with Yodlee, things like options trading and shorts. In any case, the beta is in full force now and it appears we’re pretty much done for iOS & Mac, we’re just waiting for the Android and Windows teams to finalize, test, fix and then we’ll release on all platforms at once. Hopefully by the end of this month.

      Reply
  • Hi Hilia,
    Where is my post saved yesterday in this blog? It was deleted?
    If you want I can post it on Facebook (a bit more visible to more visitors)
    Can you explain me why it’s not here?
    Thanks

    Reply
    • Hi Paulo,

      We didn’t delete your comment…all new comments need to be approved first, and we usually review blog comments 2-3 times a week, hence the delay between you posting and your comment actually showing up. If we didn’t first approve comments, most of the comments you see would be posted by spam bots advertising viagra, I kid you not 🙂

      Reply
  • Hi iliya,

    Your blog post says this above:

    “So hopefully you will see update 2.6 at the end of March or early April (I really hope for end of March though).”

    Now you say by the end of the month but we are in April. So does that mean end of April now? Because clearly one of you is wrong.

    Just would like to know as I did believe you and was looking forward to this update in early April.

    Reply
    • Hi Vish,

      It now appears to be end of April unfortunately. We got delayed handling more exotic scenarios like options trading, shorts and variations of these. Also for iOS and Mac it’s actually ready, we’re now porting to Android and Windows.

      Reply
      • Hi iliya, I’d like to know what the beta update frequency is. At the moment because of bugs such as calculating GBP (pounds) instead of GBp (pence) my total wealth has increased a hundred fold when configuring my share options.

        FTSE / UK Stocks are often traded in pence, so traders may refer to pence sterling, GBX (sometimes GBp), when listing stock prices. This is pretty basic stuff for trades rather than the more exotic scenarios you mention.

        Reply
        • Hi Anon,

          We will release another beta perhaps on April 18 or so, around 10 days before final release. That new beta must have fixed everything reported during the initial beta. Also I’ve forwarded your feedback to my team, just to be sure that they are aware of it and address it.

          Reply
          • Can I still get in on the beta? I want to migrate my financial data from Banktivity to your software, but I can’t do this if you don’t support investments/401K

          • Hi Steffen,

            Sure thing please e-mail me at [email protected] and let me know what’s your iTunes e-mail so I can invite you. PS Have in mind the beta is only iOS and Mac. Final release will include Android & Windows too, and should happen before the end of this month I hope.

  • Hi Iliya, my investments are loans to other people. Could you please advise me on how to manage that or if you are planning a release to consider loans as an investment account?

    Reply
  • Is there a rough date for version 3? Interested in the family scenario.

    Reply
    • Hi Vagelis,

      We don’t have a date yet, but currently I would expect it to be in Aug-Sept this year.

      Reply
  • Can you tell us a bit more about what reports one can run on investments?

    Reply
    • Hi Bjorn,

      In the initial 2.6 release there will be no reports dedicated to investments, but all existing reports will be compatible with them. Also the investments screen itself will provide quite a lot of information (it will be unlike any other screen in MoneyWiz actually). Later on we’ll add investment specific reports, too.

      Reply
  • So, do we have a new beta?

    Reply
    • Hey William,

      We’ll probably release a new beta before the end of this week.

      Reply
      • Thank you iliya.
        I’m looking forward to it.
        Any chance on having access to the release notes with the bugs fixed on it?

        Reply
  • Will this also support bonds?

    Reply
    • Hi Jose. Yes, bonds will be supported as well as options, shorts etc. That’s actually one of the reasons for the delay, as it turned out that the online banking integration to support options, bonds and short positions is quite tricky.

      Reply
  • Steffen Urban
    May 1, 2017 5:52 pm

    Are expenses and incomes within the same split transactions supported with 2.6? I mean that you can have an income (for example salary) and expense (for example tax deduction) in the same split transaction? I read that this is planned for V3, but I thought I’d check if it comes with 2.6 since this is such a basic functionality which I cannot work without.

    Reply
    • Hi Steffen,

      This functionality is indeed coming in MoneyWiz 3 and not before that. Right now we’re wrapping up update 2.6 which will introduce investment accounts and a few smaller features + bug fixes.

      Reply
  • Good morning Iliya,
    I would like to know the following news:
    1) The 2.6, that is going to be released, is also for windows systems?
    2) Are the stocks quotations updated also for the Italian stock exchange?
    3) When will the update 2.6 be permanently released?

    Thank you for your reply
    Gab

    Reply
    • Hi Gab,

      Let me answer your questions:
      1. Yes, update 2.6 will be released for all platforms at once, including Windows. We have to do it this way to preserve sync between platforms. As a matter of fact it’s already done for iOS, Mac and Windows and we’re right now fixing bugs on Android and when that’s done we’re releasing.
      2. Stocks are automatically updated. As for the Italian stock exchange – we use Yahoo Finance to download stock prices so if a stock is available there, it must be available in MoneyWiz. If you give me a specific stock as an example I can check though.
      3. I hope we’ll release 2.6 publicly next week, but let me not promise on that, because sometimes unexpected bugs are discovered in the last moment and then we have to spend time fixing them. I hope that doesn’t happen but still, there’s no way to be sure. In any case it will be soon, and as I said I hope it will be as soon as sometime next week.

      Thanks again and have a great day!

      Reply
      • Thanks Iliya for the answer.
        I have tested many software for finance and I think moneywiz is one of the best.
        I’m waiting 2.6 release to migrate from the old, but unsurpassed for me, microsoft money !
        I would also like to ask if the ISIN code is a discriminator for updating the quotes, so you avoid any kind problems!
        If that was not the case, I would suggest to include this search!
        example :
        Generali Assicurazioini
        Ticker code: G.MI
        Code ISIN: IT0000062072

        I will not steal you any more time. Thanks again.
        Gab

        Reply
        • Hi Gab,

          I just checked and G.MI works with MoneyWiz. As for the ISIN code – we haven’t coded this functionality yet, but if a lot of people request it we’ll certainly add it in the future. For now, adding positions works in 2 ways:
          1. Manually – you enter the ticker code, quantity, purchase date & price etc.
          2. Automatically via our online banking feature, and MoneyWiz will download all trades automatically (for supported financial institutions)

          Reply
  • Any news on a release date for 2.6?

    Reply
    • Hi,

      We’re aiming for end of this week to submit to Apple. We’re also still waiting for translations to be finished which is required to submit an update as there are new strings due to the new functionality. If all goes well we’ll submit to Apple this Friday and hopefully the release will follow several days after that.

      Reply
      • 68/5000
        Hi iliya, regarding about 2.6 Windows’s release ?
        Thanks

        Reply
        • Hi,

          All platforms will be released at the same time, so when we release for iOS/Mac we’ll also release Windows and Android at the same time. This is needed to preserve seamless sync. I hope we’ll submit to Apple for approval end of this week and I hope they will approve sometime next week so we can actually release once they approve the update.

          Reply
  • Albino Vila
    May 12, 2017 3:15 pm

    Is it today when the 2.6 version is submitted to Apple ?

    Reply
    • Hi,

      Yes, we should be submitting by the end of the day (which just started for us…we’re based in San Francisco). Have in mind that once submitted Apple needs to approve it on all platforms before we can release, in order to keep sync working, as this update introduces data format changes due to the new investment accounts. In my experience often times Apple would reject one of the apps for some weird reason and we have to resubmit it. So the entire approval process sometimes takes a week or so. I hope that won’t be the case this time though.

      Reply
  • Does it support automatic calculation of dividends?

    Reply
    • Hi Matteo,

      Not for now… if you connect to online banking though, dividends will be downloaded automatically when received.

      Reply
  • Chris Muniz
    May 20, 2017 12:35 am

    Has the update been submitted?

    Reply
    • Hi Chris,

      We’ve submitted it and few days later we found out that Yahoo Finance’s API for historical stock data has stopped working…like they seem to have removed it. So we stopped the release and now our team is doing an alternative implementation so we can get historical stock data. We’ll resubmit next week.
      If you are only using MoneyWiz for iOS/Mac let me know, I can add you to the beta.

      Reply
  • Things do seem to be taking a while to get this issue released. Are we sure its going to be released some time this year ?

    Reply
    • Hi Kevin,

      Yes, we were actually ready last week when Yahoo dropped their API for historical stock data… we found an alternative since then and we’re still making adjustments and tests to make sure it works properly and consistently between platforms. I think we’ll submit to Apple again this Friday, hopefully this time it will go smooth.
      If you want access to the beta just e-mail me at [email protected].

      Reply
    • What’s another few months when we have been waiting for years. Investment Accounts were promised on the initial release of MoneyWiz 2, but so many other initially unannounced features jumped the queue leaving investments to literally the last before version 3. I’ve learnt my lesson with these guys though… don’t upgrade until the feature you want is implemented no matter how close they say it is.

      Reply
      • Hi Ryan,

        Indeed it’s quite the delay… we’ve been working on investment accounts since end of last year…it is a much bigger functionality than we though, mostly because of the online banking. Anyways, we’ll submit to Apple this week. If you want to start using it right away (assuming you only use MoneyWiz on iOS and/or Mac) please e-mail me at [email protected] so I can add you to the beta.

        Reply
        • As Ryan said, Investment accounts were promised as a feature on the initial release of MoneyWiz 2.
          Then, because of delays, they got pushed back “a few months”.

          The initial release of MW2, just to put things into perspective, was Dec 2014/Jan 2015.

          So we are getting this functionality 2.5 years after it was promised. In software terms, it’s a lifetime.

          No way do I want to join some beta to get functionality that was promised from the start. And yes, I’ve learned my lesson too (having purchased MW2 on iOS, Mac, Windows and Android). Not upgrading to MW3 if the functionality I want isn’t there and only promised.

          Iliya, we all understand that delays and bugs happen. I’ve had major bugs in the past and worked with your helpful support team to make your software better and solve my problem. It’s always been a good experience.
          But your promises on feature updates and the timelines are just atrocious. 2.5 years!

          Criticism from an avid user.

          Reply
          • Hi Vish,

            Your feedback is noted! We really want to deliver more and faster than often times we actually can which leads to frustration. I understand that. And believe me – we really try hard to deliver more and more, and we’ll keep doing it.

  • hi there – really looking forward to this feature as I currently have investment accounts as current accounts and I update every few days with new balance to reflect stock price. This feature would take all the hassle out of this and keep all my accounts in one place and up to date. Any news on a formal release date yet – your post suggested early April, but we’re now at the back end of May?

    Thnx G

    Reply
    • hi there – just read your recent responses to Kevin and Ryan, so my question is answered… that’ll teach me to read the posts before I fire off some questions…..

      Thnx G

      Reply
  • Hello Iliya and team,

    I would like to know if the investments account will have support some kind of report to obtain account profitability in a specific period? For example, in period between January 1 to March 31 the profitability was 3.4% (or a moth, day week and etc). Even if I do contribute to my investment, it takes into acccount of that profitability is still 3.4, that is, the report do not use the contribution as an appreciation of the value invested.

    I miss this type o report for investment account, so I can compare in a easy way my profitability with market indexes, funds benchmarks and the report from the bank. This could be valid for stock, bonds, mutual funds and so on.

    I hope that I made my self clear. If not, I can try to clarify.

    Thank you!

    Kind regards,
    Augusto

    Reply
    • Hi Augusto,

      Initially we won’t have such report, but later on in future updates we’ll definitely do that + a lot other reports. We want to adapt MoneyWiz to be convenient for both active and non-active traders, and I do realize that requires a certain set of reports. Initially though, investment accounts will be integrated into existing reports but there won’t be separate reports for them.

      Reply
  • Hi iliya,

    Any update regarding the release of MW 2.6?

    Reply
    • Hi William,

      Still working on it, I hope we submit to Apple tomorrow. The new delay was caused because of Wells Fargo…apparently they are changing their website and Yodlee issued a statement to all developers that we now need to make special MFA (multi-factor authentication) just to be able to continue to support Wells Fargo bank, and we have until Jun 15 to do that, so that’s what we’re working on now, hence the new delay 🙁
      If you want I can add you to the beta though so you can start using it right away. If so just email me at [email protected] with your iTunes email.

      Reply
  • I hope after all that time this will be a masterpiece!

    Reply
  • EspressoDrinker
    June 8, 2017 6:37 pm

    Approval completed yet?

    Reply
    • Hi,

      No, not yet…we had to stop it as a sync bug was found. We’re fixing this today and hope to resubmit today/tomorrow. If you want access to 2.6 sooner just email me at [email protected] and I can invite you to the iOS/macOS beta so you can start using it right away. But we prefer to rather postpone releasing until we’re certain there are no critical issues, than release sooner and get all the negativity that surrounds bad updates.

      Reply
      • The sad part is, even with all this nonsense of not releasing updates due to fixing “all” the bugs, there will still be bugs found as soon as it’s released. Things won’t sync properly or there will be random corruption between iOS and android or iOS and windows versions.
        Like always.

        Truth is iliya, you have 2 developers. It is understandable that for such a big project, they can’t cope and release things on time.

        But I think people would appreciate you being honest with your timelines rather than blaming Apple or Yahoo or bad luck or whatever. Take a call, calculate how much time it will really take you to make something. Then add 6 months to it. That’s your real timeline. Then announce it.

        Looking forward to this release and hoping it comes out before the end of June.
        As always, I will be very scared to use it on windows or android as it always ends up with sync errors, wrong totals on accounts, wrong budgets. Last time I synced my android phone to it by mistake it doubled my budget.

        Reply
        • Hi,

          Vish, I am a relatively new user of Moneywiz and I am experiencing those annoying issues in the sync between iOS, Android and Windows. As you said, the totals are wrong (in some devices), the transactions are not there (in some devices)… and the only way to detect and resolve this is to check all the devices manually and force a sync of differences between the device and Syncbits. Are this problems usual?
          Iliya, any improvement about this issue in the upcoming 2.6?

          Regards

          Reply
          • Hi Ion,

            We are aware of one issue that may cause sync issues on Android and it will be fixed in the next update. But in any case I recommend you contact our support at [email protected] and explain what’s happening as they will be able to assist you best.

          • Ion,

            Your best bet would be to do as iliya says and contact support and have them resolve it for you. After encountering issues twice, they did manage to solve some of the problems but because there always seems to be a problem with the sync between iOS and Android/Windows, I just got tired of contacting support and decided to live without using it on Android or Windows. Money wasted but oh well. They did offer to refund part of the price to me but I declined in the hope that one day they would resolve those issues.

            The sync between iOS devices works fine so that’s a blessing I guess.

            I guess my point was that no release is bulletproof and them delaying the releases further and further sounds like something other than just bugs is up.
            In any case, as iliya says, we shall hopefully see the release by the end of March..sorry June – and know more after that.

          • Hi Vish,

            I am sorry to hear that those issues persisted for you. The 2.6 update brings not only investment accounts but also tons of bug fixes and other improvements across all platforms. So I hope you will find 2.6 to be a much more stable and reliable version than previous ones. Here are some statistics for 2.6 alone as of right now:

            MoneyWiz for iOS & macOS
            * Bug fixed (including bugs our QA team found related to investment accounts) – 119
            * New features developed – 13

            MoneyWiz for Android
            * Bugs fixed – 82
            * New features developed – 3

            MoneyWiz for Windows
            * Bugs fixed – 56
            * New features developed – 7

            As you can see, we’ve been busy. And while delays are always unfortunate, as I’ve previously said – if we find a bug that we deem is critical, we’d postpone again and again until no such bugs are found.

  • Iliya, the fact that I am still here and using your software is testament to its usefulness. Otherwise I would have left long ago 😉

    So I absolutely believe you and appreciate that you want to release a stable and robust product. As something that manages our finances, I think we would all hope that it works well and without errors.

    Unfortunately, that has not been my experience and major releases have been shipped out with some game changing bugs. I understand you don’t want to do that this time though.

    I (and I am sure a lot of your users) just wish that you would be a bit clearer about your timelines. If you promise a product in December and then release it 2 months early in October, that is delightful. If you promise a product in March and then release it 4 months later in July, that’s just making a lot of people unhappy.
    Just hope your team learnt some lessons on managing expectations this time 🙂

    I appreciate all the honesty though and the fact that you don’t filter out criticism.
    Now get that release ready so I can stop using my spreadsheets!

    Reply
  • Pedro Sampaio
    June 10, 2017 4:22 pm

    Hello to all,
    Well it seems to me that the problem is that you, at moneywiz,messed with a functionality that you are not capable to deal with. You sure have a better sotwareUI, than the competition but as for the rest…Don´t forget with money wiz we have to pay for each platform software will it be windows, mac, android, ios. I think it would be fair that things work better.
    Thank you.

    Reply
    • Hi Pedro,

      I actually strongly disagree. The functionality is not something that’s difficult for our team to implement. Handling a gazillion cases is what takes time. It’s not difficult, it just takes time. You have to consider that MoneyWiz is actively used by more than 100,000 users and thinking on that scale we have to foresee many different scenarios that one single user doesn’t care about but another user might care about. And it’s our job to make sure that it all works smoothly for everyone, knowing how differently ‘works smoothly’ can be interpreted by different people.

      Reply
      • 100,000 users are a lot of users. Have you given thought to hiring more developers?
        People tend to be fickle, specially if they are dissatisfied. Maybe you need to increase developers so the users don’t decrease.

        Reply
        • Hi Vish,

          We actually currently have 3 developers, not 2. And yes, it’s not many, and yes we’ve been trying to recruit new developers for quite some time now, without luck. The problem with recruiting (based on my experience) is that it’s very hard to find developers who are familiar with more than 1 platform and are within our budget at the same time. And the more than 1 platform thing is crucial because the way our development works is that everything is first implemented on iOS/macOS and then the Android/Windows developers port it to their platforms. It works that way to minimize error during implementation. So for that reason, when it comes to Android/Windows – it’s very very hard to find someone who knows Android or Windows and iOS/macOS at the same time. And usually delays happen because of the porting to Android/Windows, not because of the initial implementation on iOS/macOS. But since many people use MoneyWiz on iOS & Windows for example or Android or macOS, we can’t afford to release on iOS/macOS at one point and Android/Windows at another, because the sync will not function properly between these, when major changes are introduced. The reason for that is that the sync expects to know what the data is, how to work with it etc, and every time we change it we have to code these changes so that sync can handle them too. Investment accounts are one such example, as they introduce new account type, new transaction types, new view type etc.

          Reply
      • Pedro Sampaio
        June 11, 2017 9:26 am

        Sorry, but tell me if i´m wrong. Doesn´t this functionality (investments account) exist already on other software out there? If so it means your difficulties were the difficulties someone else had, already. i mean all those scenarios had been solved by them in the past, so the tecnology exists already. i tend to agree with Vish, maybe having 100,000 users and only 2 developers isn´t fair, and makes you be behind competition.
        Sorry for my criticism, i think you have a good software, however users that paid for it, on each platform, and each major update deserve more. i paid for ver. 1 for mac and android and ver.2 for windows so i think i should had more and quickly(you satrted when “the wheel” was already invented)
        Just to end,i give credit to the fact you give users the possibility to express themselves without filters.That´s a good thing.
        thank you

        Reply
        • Hi Pedro,

          Yes, other softwares have had investment accounts before us, but we’ve decided to focus on other things first. Things that other softwares don’t have – like the very extensive support for banks across the world (nobody does that better than us), like improving the multi-device sync (nobody does that better than us), like machine learning algorithms for auto-categorization of transactions (nobody does that better than us) and so on. Just because we chose different priorities doesn’t mean we can’t implement something else, it only means we are implementing it at another time, as it’s the case with investment accounts. But let me ask this – if that update is so important for you, why don’t you just participate in the beta? We’ve had a beta for months now, and I’ve said it numerous times that everyone is welcome to join the beta. That’s to give the most eager adopters early access while they realize the risks of using a beta, and still have the time to implement this functionality fully before releasing the update to more than 100,000 people.

          Reply
  • As a potential new customer, purchasing iOS and OSX licenses, I’m reading all these delays with some trepidation. V3 was being talked about in Jan 2016, and in June 2017 v2.6 is just about maybe coming out?

    Interesting.

    Reply
    • Hi James,

      MoneyWiz 2.6 should come out soon. As for MoneyWiz 3 I can’t tell when it will be ready. In any case though to make sure you always get free updates I strongly suggest you go with MoneyWiz Premium instead of the single purchase version, because after the 2.6 update we’ll wrap up with the sign purchase version’s updates (we’ll release just a few more with bug fixing and that will be it) while MoneyWiz Premium will continue to get updated with new features that will be part of MoneyWiz 3 but will only be delivered to MoneyWiz Premium. i.e. MoneyWiz Premium will see incremental updates towards version 3, meaning you get to get the new features first.

      Reply
      • I do find this comment a bit concerning. I really hope you aren’t planning adding any new functionality to Investment Accounts in MoneyWiz 3. MoneyWiz 2 was sold with the promise of investment accounts, and now you are saying that final update, version 2.6, will end the version 2 updates. I hope you understand the customers point of view, waiting 2 years for a promised feature that is coming literally at the end of version 2, and now I’m seeing that investment accounts may get no new features under version 2. This doesn’t really drive me to adopt MoneyWiz premium or pay for version 3.

        Reply
        • Hi Ryan,

          I do understand this point of view, but in my experience (doing this for 7 years now) there is no pleasing everyone. Whatever we do, someone will always be unhappy and someone will be happy. So my point of view is that if we go out of business that will make more people unhappy and less people happy, so our #1 priority is to keep being profitable so we can keep doing what we love – MoneyWiz.
          Now, if you look at the economics of this, 90% of our users are NOT on the subscription model, but nevertheless they’ve been receiving free updates for 2.5 years and using SYNCbits for that time without paying anything more than their original purchase. SYNCbits is a recurring expense for us though, we have to pay servers, we have to keep updating it, we have to keep fighting off hacker attacks, we have to keep adding servers to it. So, if someone paid $5 (mobile version) once, 2.5 years ago, you can imagine that this person is not really profitable for us, actually the opposite of it. That’s why we’re slowly shifting towards a subscription only model, incentivizing people to use subscription, so that we can plan our incomes & expenses which would help us grow in the future and not feel so pressed about money. So I am afraid, that it’s just what it is.
          Also, by the way, MoneyWiz 2.6 will come with a great set of features for investment accounts! 🙂

          Reply
          • Iliya,

            I’ve had a few successful businesses and have worked in the corporate environment long enough so I feel I am able to comment on some of what you’ve written.

            Yes, you’re right, you are a business and the cost of servers needs to be paid.
            The subscription model is one way to do it, but there are many others.

            Subscription models work well when there is active development and new features being introduced all the time. It incentivises the customer to keep paying monthly and gives you money.

            Or we can all switch to another app like Moneydance where you pay for the software and then pay for the updates if you want. And it’s synced free on Dropbox. That is also a business model.

            You make it sound like yours is the only one you can follow. For 100,000 users, you need to figure out what you want to do with this. Either you invest in it properly and get more developers and move to a rapid release cycle, or you wait for the inevitable end and watch your user count disappear.

            No one will pay you monthly with your atrocious history of buggy updates. You need to prove to customers first that you can deliver, again and again, on time. I will be the first to subscribe.

            There are many others doing multi platform programs, the programmers are out there. As it is, your iOS/Mac products feel like they’ve been developed by a different team than the Android/Windows ones.
            I use Windows and iPhone so I will be unhappy if the Windows version disappears, but right now I almost never use the Windows version due to bugs.
            Maybe you need to make some hard choices and focus on what you do best.

            The 2.5 years of free updates you’ve “given out” are only because your development team couldn’t deliver the promised features on day one (or day 700 for that matter). If you had a better, rapid development cycle, we wouldn’t be here, we would be using version 3 already.

            And you wouldn’t have had less than 10% users subscribing, you would be raking in the money with at least 40% of subscribed users.

            I like your product and I am lazy so I am still here. But don’t for a minute think your users won’t run if you don’t handle this properly.

            And like I said before, this program is how we manage our finances. Maybe there are daredevils who want to be on a beta program from you. But I value correct and uncorrupted transaction data too much to get on a beta program (speaking as a technically proficient person).

    • James, I bought MW2 in January 2016, which came with the promise of investment accounts, which I need in order to be able to switch to using MW. I took a punt in order to support development because I liked the UI.

      Two and half years later I am still waiting. Yes, there have been updates, but not the feature that would allow me to use the product. I have now just read that MW2.6 will be the last release before, if I have understood correctly, the product will become subscription-only.

      My strong advice is to check that the program contains all the features you need BEFORE you commit yourself; unfortunately, my experience of MW has been of overpromising and underdelivering.

      I hope this helpful, and is written out of disappointment, not anger.

      FWIW, I have been using Moneneydance and, while I don’t particularly like the Java interface, it has worked well and syncs between macOS and iOS.

      Reply
  • For people who are considering getting on the subscription model as it stands, here’s the calculation for you.

    2.5 years = 30 months

    30 x $5 = $150

    If you think that’s worth it to you for delayed updates, incomplete features that were promised on day one and bugs which end up changing account totals, budget totals, etc – go ahead!

    However, I’d pay $10 a month for a stable, feature rich product that gives me better insight into my finances – has better reports (like the old Quicken) and is generally just awesome software.

    It’s too bad Intuit became idiots and made their business US only.

    Reply
    • Vish, this discussion is getting rather unproductive and vicious from your end. So I think there is no benefit in continuing the discussion on that subject. Let me summarize:
      1. We’ll release investment accounts when they are ready and we stop finding bugs. That must be soon.
      2. We have rapid update cycles and investment accounts are an exception as it’s a much larger functionality, taking longer than expected. If you want to check our updates cycle just check the AppStore or Google Play, it lists all the updates there. You will see we have over 30 updates in the last 2.5 years and we’ve added more than 50 new features in that time frame.
      3. We’ll continue doing what we do, we’ll continue improving our products and we’ll do it in a way we think is scalable and sustainable. If someone is not on board, then it is what it is.
      4. If you are so eager to get the 2.6 update you can always email me and ask to be added to the beta, I’ve said that numerous times.
      5. Once we release 2.6 we’ll release our roadmap and future plans, and we’ll also ask all newsletter subscribers to take a survey about what they want to see in MoneyWiz going forward. We’ll largely shape MoneyWiz’s development for the next 12 months based on the survey results, and if you are part of our newsletter then you will have the chance to express your views there as well.

      Thanks.

      Reply
      • Iliya, you’re right. What I said, while not wrong, was quite negative. I am not trying to hurt feelings here though, I am just trying to tell you that you have a passionate user base who don’t like to be messed around.

        We are passionate about your product. Unfortunately, you’re taking it away by promising a lot and then not delivering. I have no doubt about your intentions to deliver, it’s just that it can be better handled on your blog and communications to your users.

        You are right, the update numbers look good. But they don’t tell the whole story.

        All I am saying is you have people like me willing to pay up to $10 a month happily for a robust product – with promised features available on time.
        I really don’t know which company wouldn’t like to hear that, so if you’re unhappy hearing it, I’ll stop.

        Reply
      • Stupid question: how do I subscribe to the newsletter? Cannot find the link anywhere 😉

        Reply
        • Hi Matteo,

          I’ve just signed you up. Right now signing up for the newsletter is only available via the apps (when creating or logging into a SYNCbits account). We’ve recently released our new site and we have’t put the subscribe button yet, but it’s coming soon 🙂 Anyways, I’ve just subscribed you manually.

          Reply
  • The product is great. I like it.

    For Syncbits, it is unwise to invent your own wheels, perhaps it worth while to spend some dev time to support iCloud, Dropbox or Google Drive. But I guess it is harder than it sounds.

    For subscription, truth is no body likes pay more (than the switching cost). But with the right price, I would go for it. Do keep in mind, that Mint is free so does Wave Accounting. $6 USD is bit over priced. But I like the MoneyWiz.

    Reply
    • Hi Scott,

      We’ve created SYNCbits 7 years ago. Back then there was no iCloud and also we’ve always wanted to create a multi-platform finance app, so even if there was iCloud we knew it won’t work for us because it won’t allow sync over Windows or Android.
      Dropbox and Google Drive are file sync platforms. SYNCbits is a database sync platform. The difference is that SYNCbits syncs on rows/fields database level, while Dropbox/Google Drive sync entire files which makes it impossible to manage conflict resolution automatically…something that SYNCbits manages beautifully. That’s why there is SYNCbits and we don’t plan to use any other platform for sync 🙂 I hope that makes sense.

      Reply
      • Maybe you can look into this a bit more? Your rival apps have managed to solve the problem and sync with Dropbox quite seamlessly with an encrypted database. I am currently not facing any sync errors although this may change with more data.

        On the other hand, I have also experienced sync errors and wrong totals/transactions/budgets with Syncbits, so is it truly syncing the database? Because then it should handle conflict resolution perfectly, like you said.

        I agree with you in theory, but in practice, things don’t seem to be working out that way. Perhaps you could consider other sync solutions again? Unless you like paying extra for your own servers 🙂

        Reply
        • Hi Vish,

          Well first off, as I said, file sync won’t work for us, technically. As for Dropbox – they used to have a database sync solution and discontinued it a few years ago. Everyone who was on it is still free to use it, but they are not accepting new developers. Even if they did, their solution was not implemented well (we researched it when they released it years ago).
          As for your issues with SYNCbits – they don’t concern SYNCbits’s system per say, but how we integrate with it. The same integration bugs can happen with any other platform. As I’ve said numerous times – everything that gets reported to us, gets fixed.

          Also here are some statistics from last month, related to SYNCbits, so you can see why we’ll never switch to anything else:
          Number of active SYNCbits users last 30 days: 40,147
          Number of active SYNCbits users daily/avg: 21,873
          Number of sync cycles per day (avg): 274,216
          Number of detected or reported accounts where a sync cycle failed (last 30 days): 14

          I understand that if you are one of these 14, it seems like SYNCbits is faulty, and from your perspective you’d be right. We take decisions based on the bigger picture though, and the bigger picture shows that the fail rate for the past 30 days is 0.06%. While that is still more than 0%, we know this:
          1. Those are failures due to bugs that happen in specific situations. They will be fixed.
          2. That % has steadily decreased over time as we fix bugs.

          So, no, we won’t be moving to anything else, as SYNCbits is far far superior to anything else on the market, and we’d rather invest time and resources into fixing whatever bugs are left, than going somewhere else. Because for more than 99% of our users, SYNCbits never causes any issues.

          Reply
          • Wow, those are pretty interesting numbers then! I understand my issues may be an isolated cause and usually it runs well. The syncing itself isn’t an issue, the corruption/change of data is. So as you said, it’s your implementation and how you integrate with it that’s the problem.

            Have you tried offering Syncbits to other developers? This might lower your running costs for Syncbits and if it gets popular enough, might even make a bit of profit on the side.

            I can discuss your user numbers with you and the profit margins, but I think we can do that privately 🙂

          • Hi Vish,

            We have been thinking about offering SYNCbits to 3rd party developers for a long time. We even had a focus group study (with developers) to see what the perception is and the results showed us that we have a monetization model problem with that, because the type of developers that were interested in that were small enough to not be able to afford it (in a way where we won’t be working at a loss) and the types that could afford it preferred to have control and do it in-house. We might still explore this option in the future, but for now, due to limited resources, focus is on MoneyWiz.

  • Just a status update for everyone following this discussion – we’ve just re-submitted to Apple, after fixing all bugs we’ve previously found. I hope we can see MoneyWiz 2.6 before the end of this week if we get a quick approval, if not it should be early next week.

    Reply
    • Well done! Looking forward to the update soon!

      Reply
    • I think Apple really hates MoneyWiz

      Reply
      • Oh, I know they do. Rejected 3 times already, and not for bugs… but for stuff like remove device from your app preview, put privacy policy link in app description (while it is there, just at the bottom), put terms of use link in the app etc… let’s see how long it will take before they approve. Funny how they have double standards… no wonder more & more developers are pulling off from the Mac App Store.

        Reply
        • Hey iliya, first of all, what a great app! Thanks for your hard work.

          I just want to reflect on the comments that someone hates your product. I honestly think you should stay neutral on commenting about that, especially about owners of the platform such as Mac. Your product is great and I’m sure everyone will love it, except your competitors. On the other hand I totally get developers frustration on following policies of certain companies and platforms. This comments brought me on this page from Google, and my first thought was that if I trust my financial information to a company, there should not be negative talks about their platform and other credible corporations, especially from representative of the company. It is published here, on google, on the internet in general and I don’t think it brings any good to your brand. Please don’t get me wrong, I humbly express only my opinion as all of you here and my intents are positive, as you have my liking for what you’ve guys created. I hope you will spread and expand your product easily across all platforms.

          Reply
      • Rejected again…now they want us to explain in each app localization (over 20) that the subscriptions auto-renew until cancelled… not that the AppStore doesn’t tell you that right before you subscribe, but hey…
        Maybe we should seriously consider not giving them 30% for the experience…most people prefer to buy via our web store anyways…

        Just an update so you know things are taking time…

        Reply
  • Does this mean an updated version *is* available directly from your web store?

    Reply
    • Hi Graeme,

      It will be once we release, but right now it’s not. The reason is that in order to assure that SYNCbits continues to work for everyone on all devices, we need to time the release so that we release on all platforms at the same time.

      Reply
  • Hi, any more update to getting this through at all please? I’m in the process of comparing similar apps but I am specifically interested in the portfolio options against the likes of Jumsoft etc..

    Thanks

    Reply
    • Hi Chris,

      Monday should be the day we release. Apple already approved, we’re waiting to release after the weekend is over so that everyone’s at work in case we need to react quickly after the release.

      Reply
  • Thanks iliya

    Reply
  • So…It’s almost Tuesday, what are we waiting for?

    Reply
    • Hi Tim,

      Working on final thing on Android, I really hope it will be done in several hours so we can release all platforms today. iOS, macOS and Windows are ready and waiting

      Reply
  • Hey,

    Any reason for the delay? I know you didn’t explicitly say “next” Monday but I did understand like that.

    Kind regards

    Ulf

    Reply
    • Hi,

      Working on final thing on Android, I really hope it will be done in several hours so we can release all platforms today. iOS, macOS and Windows are ready and waiting 🙂

      Reply
    • Actually he did say Monday explicitly.
      But I took it to mean Friday, so for the first time, I truly am not disappointed 🙂 if it comes before Friday, I’ll be delighted!

      Reply
      • Yeah, it had to be yesterday but the Android developer could not complete in time, so we’re waiting for him right now to complete the final ticket that’s deemed a showstopper, and if that goes well, release is today!

        Reply
        • So how’s the Android version? When can we get the iOS version?

          Reply
          • Hi,

            We could not finish it today, now aiming for tomorrow (Wednesday). We also must release all platforms at the same time due to changes in SYNCbits. Will keep you posted. As noted, everyth8ng else is done except one last bug on Android.

      • Released. Here is what we did (full release notes): http://wiz.money/knowledgebase/version-2-6-0/

        Reply
  • I think most of us who took the time to post here are well-intended. Certainly there’s a lot of room for improvement when it comes to the way you handle announcement of release dates. Patience is not unlimited. Accuracy in communication reflects a thing or two about the product’s DNA.

    Reply
    • I am now consider to quit my job and work for a company/firm which their product release date can always postponed again and again, seriously, just can’t believe the announcement is like making fun of everyone…..

      Reply
      • Oh, I start to understand how this works… delay after delay. When I suscribed and paid an anual plan 4 months ago. At that date, 2.6 was scheduled to Q4 2016 and Moneywiz 3 to… I am not sure… Q1 2017? After corresponding questions to support, it was told me that Moneywiz 3 was delayed till Q2 2017. Yes, this is in two days, and we have not yet 2.6! I am just wondering when Moneywiz 3 will be released, because that was one of the main reasons to subscribe.
        Taking into account the given information, I suscribed to that anual plan, but at this moment, I think that would be better to buy directly the app in the needed platforms.
        So, I would like to say that I think that a subscription based licensing is a good way to guarantee some finantial inputs and get some stability from your side. I am not against that format; in fact, I am suscribed yet. But, anyway, you should be able to deliver the software in the promised dates, and definitely to be able to schedule and promise attractive dates to justify that anual investment from our side.
        Summing up, you should give the value that we are paying for with the subscription.
        Hope today 2.6 will be released…

        Reply
  • Releasing 2.6 now… give it a few hours before it shows up as an available update.

    Reply
    • Reply
    • Will MoneyWiz 2 be updated? Or just MoneyWiz Premium?
      I see MoneyWiz Premium is 2.6 at App Store but MoneyWiz 2 is still 2.5.12.

      Reply
      • Hi Vitaly,

        Yes, both are being updated at the same time… this is a free update for everyone. Probably the non-premium version has not refreshed yet…it will come, don’t worry. Give it a few hours 🙂

        Reply
    • 2.6 is working great. Thanks so much for the hard work

      Reply
      • Thank you Richard! 🙂

        Reply
        • Hi,

          I updated to 2.6 on iOS and just for kicks, did it on android too.
          I logged in with my syncbits account on android and my app is empty. It synced ok and is now not even showing one account on the android app.

          Well done on the launch, but how can I use this on android?

          Reply
          • That was a premature post. Actually, most of my accounts showed up. They’re all at 0 balance. My net worth, as a consequence is a negative number. Some credit card accounts which haven’t been used in 6 months are showing a negative balance.

            All in all, this launch seems par for the course. Which is to say, completely screwed up. After hearing your reassurances on how the android app has been fixed iliya, I was looking forward to this working smoothly.

            I hope this sync hasn’t messed up things on the iOS side, otherwise I’m out. This time for real. I can’t deal with this messed up sync anymore.

            And no, I don’t want to send my data file to your team anymore. I don’t want to give them my pin and password while they pour over it and try and figure out the issue. And then try and put a bandaid solution on it.
            I want it to work, like any software at version 2.6 should.

          • And all shows up just fine on iOS? If yes and the issue is on Android only then let me confirm that you did a clean install and sync there?

          • For some reason, wouldn’t let me directly reply to your comment.

            I gave up on it for a few hours and when I came back to it, it seemed to sync up correctly. I have now checked the Windows version and that has synced correctly as well.
            I haven’t tested it with adding transactions and then syncing, but the initial sync now has all my data. Not a smooth experience, with no data first and then negative net worth, but happy to report it’s all worked out.

            And yes, this was on a clean install on Android and first sync, as I am planning to use a Galaxy S8 as my main phone for a while.

            So, all’s well that ends well. Congrats on a relatively smooth launch guys.

  • \o/

    Reply
  • This update works perfectly on all my Mac / iOS devices. Thanks iliya, you and your team did a great job!

    Reply
    • Thank you Tim! Happy to hear that 🙂

      Reply
      • Question for you, if i want to add a dividend where can i do it?

        Reply
        • Hi Tim,

          On mobile – go to the investment account and then tap the 3 dotted button on the top right corner. There must be a New Transaction option there. You can enter an income transaction this way.
          On desktop – right click on the investment account to reveal the New Transaction button, and again – you can create an income (for the dividend).

          Reply
  • Going back after viewing report crashes app. Android 6.0.1
    ——— Stack trace ———

    java.lang.RuntimeException: Unable to destroy activity {com.moneywiz_2.androidphone/com.moneywiz.androidphone.ContentArea.Reports.ReportViewActivity}: java.lang.NullPointerException: Attempt to invoke virtual method ‘void com.google.android.gms.ads.AdView.setVisibility(int)’ on a null object reference

        android.app.ActivityThread.performDestroyActivity(ActivityThread.java:3852)
        android.app.ActivityThread.handleDestroyActivity(ActivityThread.java:3870)
        android.app.ActivityThread.-wrap5(ActivityThread.java)
        android.app.ActivityThread$H.handleMessage(ActivityThread.java:1408)
        android.os.Handler.dispatchMessage(Handler.java:102)
        android.os.Looper.loop(Looper.java:148)
        android.app.ActivityThread.main(ActivityThread.java:5443)
        java.lang.reflect.Method.invoke(Native Method)
        com.android.internal.os.ZygoteInit$MethodAndArgsCaller.run(ZygoteInit.java:728)
        com.android.internal.os.ZygoteInit.main(ZygoteInit.java:618)
    ——————————-
    ——— Cause ———

    java.lang.NullPointerException: Attempt to invoke virtual method ‘void com.google.android.gms.ads.AdView.setVisibility(int)’ on a null object reference

        com.moneywiz.androidphone.ContentArea.Reports.ReportViewActivity.onDestroy(ReportViewActivity.java:803)
        android.app.Activity.performDestroy(Activity.java:6430)
        android.app.Instrumentation.callActivityOnDestroy(Instrumentation.java:1165)
        android.app.ActivityThread.performDestroyActivity(ActivityThread.java:3839)
        android.app.ActivityThread.handleDestroyActivity(ActivityThread.java:3870)
        android.app.ActivityThread.-wrap5(ActivityThread.java)
        android.app.ActivityThread$H.handleMessage(ActivityThread.java:1408)
        android.os.Handler.dispatchMessage(Handler.java:102)
        android.os.Looper.loop(Looper.java:148)
        android.app.ActivityThread.main(ActivityThread.java:5443)
        java.lang.reflect.Method.invoke(Native Method)
        com.android.internal.os.ZygoteInit$MethodAndArgsCaller.run(ZygoteInit.java:728)
        com.android.internal.os.ZygoteInit.main(ZygoteInit.java:618)
    ——————————-

    Reply
  • How can I update my Windows version to 2.6?

    Reply
    • Hi Joel,

      Just restart MoneyWiz for Windows and it must prompt you to install an update. If it does not, wait a few hours & try again or try re-downloading it all together… it seems that some Windows users have some caches that delay the ability to download the update… we’ve got several reports like that and now, hours later, we’re starting to get reports from some of the same people that the update now shows up, even though we’ve released it 12 hours ago…

      Reply
  • I get an error when updating the Windows version.

    Unable to install or run the application. The application requires that assembly Microsoft.mshtml Version 7.0.3300.0 be installed in the Global Assembly Cache (GAC) first.

    I have no idea how to resolve this? Any ideas?

    Running Windows 10 64-bit.

    Reply
    • Hi Samuel,

      It seems dependency to some library… please contact our support at [email protected] as they are better fit than me to help you with this.

      Reply
    • Hi Samuel,

      We’re just pushing update 2.6.2 on Windows…it seems it was an issue on our end, affecting only a handful of customers, but still – we believe we’ve fixed it. Please try 2.6.2 when it comes (depending on CDN cache it could be up to 12 hours from now, but it could as well be just a few minutes from now) and if the issue persists, please let me know.

      Reply
  • I think we would need a small tutorial to use investment accounts. I know we were promised the functionality to manually update the stock/MF prices but I can’t seem to find it.
    Investment account functionality right now is very basic, probably 1/5th of what Quicken 2005 had. I can’t seem to directly transfer funds into my investment account and buy shares with them in the same transaction. This requires 2 transactions, first the fund transfer and then the buying of stocks.

    Also, my portfolio info is wrong because it’s not taking the last price I bought the mutual funds at as the latest one. It’s taking an average one, which is fine if I want to know my cost price. But if I want to know the change percentage or current value, it’s not working. I have tried all the options I can find. I don’t see an option to update the price manually too, as the mutual funds I buy don’t have a ticker symbol.

    Has anyone else figured it out?

    Reply
    • Hi Vish,

      We do have a tutorial in the Support section:
      https://wiz.money/knowledgebase/investment-accounts/

      About the specific questions:
      1. How can you possibly make a transfer + buy in the same transaction, in real world??? I use 7 trading platforms and none of them allows that. Please tell me which platform are you using and how does it work?
      2. We use Yahoo Finance for quotes downloading…if a quote won’t show up for your ticker there, it won’t download automatically in MoneyWiz either. Some mutual funds are exotic and their price will not show in any of the data aggregators (we’ve seen cases like this already) but for cases like this there is nothing we can possibly do, if the price is only listed on the specific mutual fund’s website. Of course, I can’t be sure that is the case for you, but if you believe that’s the case – there’s nothing we can do about it. If you believe that is not the case, please let me know what the ticker is so I can check.

      Reply
      • Hi thanks for the response and the link.

        1. This isn’t in real time, and I am not making a transaction. I am making a note of it in my finance app. And yes I can make a transaction which takes money from my bank account directly, as I use my bank’s own system. Further, Quicken 2013 has this functionality and it’s quite seemless. I can send you screenshots once I am at a computer if you want.
        2. I was under the impression of a quote won’t show up, we can manually add it and update it. I believe you have responded with this to many people before. Why can’t I manually update the current price of whatever stock or mutual fund or anything that I have? This should be the easiest thing to do and a lot of other finance apps do it, including Quicken and Moneydance etc.

        Should I email you or support directly on this?

        Reply
        • Also, would love the prices of shares and the quantities to be at least 3 decimal places or more. It’s messing up with my numbers.

          Reply
          • Noted, a few other people requested this. There is an easy workaround – just enter # of shares and total price and MoneyWiz will calculate the proper price per share with the proper precision, even though it won’t display the price per share with that precision it will still calculate it with the necessary precision under the hood.

        • Hi,

          I am confused… perhaps I misunderstood you.
          1. Are you making a transfer from say checking account to your investment account? If that’s the question – you can do this easily in MoneyWiz… on mobile tap the 3 dotted button on the top right corner, then select New Transaction. On desktop, right click on the investment account and select New Transaction.
          2. You can manually edit the trade that created the security which will change its price. But other than that, currently you can’t manually edit the current quote price. Please submit it as a feature request in our forums or to our support so it can be logged to the team…

          Reply
          • Hi iliya, you’re right, the workaround you have suggested works for entering in share prices accurately.

            1. Regarding this, transferring money works well from any account to an investment account. I was talking about making a transfer and a buy transaction at one time, in one go. This is done using the BuyX transaction in Quicken (where X stands for transfer), if memory serves me right. But anyhow, it’s not a top priority for me and the system works for now. What is more of a priority is #2.

            2. If I manually edit the first trade that created the security, I will have to keep going back many months to that first transaction, not to mention mess up the financial record that I use your app to keep. This is an incorrect way to do things. I have submitted a feature request to your team as below:

            A. An average of all the trades and prices be taken to calculate average cost price of all shares bought of a particular stock. This will be the basis of the cost price.
            B. The latest trade price be the current one, to be used for the value of the portfolio. This can further be edited manually to enter the exact amount on the day for accurate calculations.

            As you can see, basing the value of the portfolio on the initial price tells us nothing. It doesn’t tell us the performance and in fact, gives an incorrect net worth value.
            How others do it is take an average of the cost price of all transactions for that security (let’s say I bought security A in Feb, Mar, Apr, May, etc). It will take the average of all the prices paid and divide that with the total number of shares I have to give me an average cost price.
            This is then subtracted from the current portfolio value, which is the total number of shares I own multiplied by the current price. This gives me a change % of my portfolio.
            The current price can either be taken from the last transaction made (the Jun one), or you can let me manually edit it, which gives us finer control over the actual worth of our portfolios. To be honest, most financial programs do both of these, they will default to the value from the net, if they can’t find it from the net, then they default to last transaction price, or the manually edited price, whichever is newer.

            Let me put it in a simple format:

            Current price of security A = = price from yahoo
            if price from yahoo = not found
            Current price of security A == last transaction price
            unless date(last transaction price) < date(manually updated price)
            then Current price of security A == manually updated price

            This is simple basic functionality that all programs which offer investment accounts provide. You don't have to take my word for it, just download their demos.
            Please offer this, as I don't think it's difficult to implement.

            Thanks!

          • Hi Vish,

            MoneyWiz already does the cost basis calculation as we need that to display the % up or down in your portfolio view. It takes into account a bunch of things such as multiple trades at different prices and commissions, margin interest etc…
            The only thing that seems to be missing now is the ability to input manual quote changes for tickers that are not found on Yahoo Finance… if you submitted that as a feature request though, our team will log it to the developers.

            Anyways, this is v.1 of investment accounts… we’re all aware that things can always be improved, and we will keep improving them. As you can see from the release notes, we did quite a bit in the last update. Updates will continue 🙂

  • Hi,
    i give you some feedback

    1) i can’t insert a price with 3 decimal (12,305 €) but only 2 decimal

    2) the price of some symbol (for example IT0001440095.MI) are incorrect, and i can’t insert correct price manually.

    Reply
  • Hi all,

    Stocks works perfect for me. I couldn’t make any other investment work so far (bonds, mutual funds).

    I give you an example and maybe you can point me how the use case would be.

    Let’s say I have this bond 61747YDU6 (Morgan Stanley, 4.1% 22may2023, USD
    (US61747YDU64, 61747YDU6))

    I’ve tried both indetifiers, the ISIN if I have it and nothing comes back.

    As I said, stocks work just fine.

    Am i doing anything wrong?

    Thanks!

    PS: maybe this is more suitable for support

    Reply
    • Hi Jose,

      MoneyWiz currently only uses tickers and not ISINs… in the future we plan to add support for ISINs as well but have in mind that for many ISINs there is no centralized system that gives their quotes, meaning that even if you entered the ISIN, chances are (depending on the specific security) that quotes won’t be downloaded automatically. We currently use Yahoo Finance for this so if entering the ISIN there gives you the quote – great. If not, we’ll see what we can do in the future, but for now it’s tickers only. You can still enter ISIN though, even now, MoneyWiz just won’t be auto-updating its price.

      Reply
  • Hi iliya,

    Thank you so much for all your engagement over here. It’s been quite a ride and MoneyWiz has come a long way, even if the promises weren’t kept. I was looking at some discussions made earlier on Macrumors forums for comparisons between Moneydance and Moneywiz and found you there, promising MoneyWiz 3 in Q1 2017 🙂

    Anyway, in light of the new syncing problems I have between iOS, Android and Windows versions (budgets not picking up refunds, wrong account totals, transactions missing, etc), I have decided to move on from MoneyWiz.
    This is a decision made with regret, as I have invested a lot of time and money in your product and regularly dealt with your support team to fix bugs.

    Anyway, I am moving to Moneydance, which has the features I want currently and due to the following reasons:

    1. It has no syncing errors
    2. It also lets me keep my data my own, without storing it on some 3rd party server. Encrypted and syncing via dropbox or locally.
    3. It has mature investment account features, something I was looking forward to with the release of version 2.6, but turned out we waited all this time for extremely basic functionality.
    4. From what I can see of their blog, they have a fairly standardised release schedule.
    5. I pay once for their software and then decide if the upgrade fee to the next version is worth it. I also found a 20% discount code. It works and syncs with Windows/Mac/iOS/Android, albeit their phone version is for basic entry. I can live with that compromise.
    6. IT HAS NO SYNC ERRORS – I cannot stress this enough. I am tired of sync errors cropping up every release. This should not be hard to solve for you, you own the whole sync/database system. The fact is, Windows and Android versions have always had drastic sync errors and have been mostly unusable.

    Anyway, MW will always have a special place in my heart, as it works well on iOS and does the small things well. I am just tired of the flaky data sync and waiting for features.

    Best of luck!

    Reply
  • I know that it is a very loaded question, but when are you planning on releasing MoneyWiz 3?

    Reply
    • Hi Joel,

      This time, we plan to do it differently…
      Let’s say MoneyWiz 3.0 has 15 new features for the sake of the example…
      So, for MoneyWiz Premium users (those that use the subscription based MoneyWiz), they will be receiving these features as we make them, with a new update every month (sometimes more often, sometimes a bit less often).
      The final new thing would be the new design, which will be the moment we release MoneyWiz 3.0, but the difference between the previous release for MoneyWiz Premium users and MoneyWiz 3.0 (which will be for MoneyWiz Premium & MoneyWiz Standard) will be the design only. So, when we get to that 3.0 stage – I don’t know. But if you are on our subscription service, you won’t have to wait that long to start getting the new features. We plan to wrap up the 2.6.x development this month and start working on brand new features (like background sync, support for forex & crypto exchanges, income budgets etc). More news on the subject will come soon 🙂

      Reply
  • Have in mind that MoneyWiz is only able to retrieve quote updates for securities that are listed on Yahoo Finance.

    Reply
  • Gerald Berragan
    November 10, 2017 2:59 pm

    how do I get the Investment account

    Reply

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