Portfolio 2.0 is a Disaster
A week or two ago I received a message from Yahoo Finance asking me to upgrade to Portfolio 2.0 since you were no longer going to support the old release. As soon as I upgraded, I lost significant data, including the dates and amounts of various purchases and sales. In addition, the portfolio doesn't even add correctly. It doesn't include 12,000 shares of SPY in the $$ total and it says I have a negative $6M cash balance. Worst of all, you won't even allow me to convert back to the old portfolio format. I know you still support it because of still have some other portfolios using it.
-
Timothy D. Rulon commented
As of about May 01, 2024, any portfolios with cash entries ($$) show up as completely erroneous calculations such as -100% total gain. This applies to both the original and 2.0 versions of portfolios.
-
Robert S Fried commented
I converted several portfolios to 2.0, and they showed losses of millions of dollars in the my portfolio view. The reason is you changed how you handle $$cashholders adding a column that assumes the value shown in cost per share can be multiplied by the number of shares to give a net invested. The logic in basic was that if the $$cashholder number of shares was its dollar value, the cost of the cashholder was shown in the next column. So for things like annuities or bonds or CD's one could put in what its basis was and then number of shares as its current dollar value. In 2.0 that doesn't work at all and there is no way to use $$casholder as a place holder. That's a disaster for me. I spend hours cleaning out the effect of the 2.0 system, plus the editing is extremely tedious in 2.0.
Also, you had a banner saying you could use $$cash to hold cash in 2.0 as if it was something new. It didn't work. You have to use anything but $$cash - like $$IRA or $$401k - anything but the word cash.
I think there are probably a lot of users who might like the tedium of adding in dividends, trades and so on. 2.0 is good for them. I spend enough time editing my Yahoo portfolios and I want something reasonably simple. Give people like me the option to stay with what you call basic and let those who want the other bells and whistles go to 2.0.
I request the ability to revert to what you call basic.
-
Kevin Mccarthy commented
Another re-design by people who don't use the pages they're re-designing. I suggest the people at Apollo hire these types for their own important programming.
-
Anonymous commented
same here. Lost a ton of data. Spend 5 hours re-entering all the incorrect data. low and behold, when entering the date it secretly changes the purchase prices. Now I realize all my data are garbage. Gotta spend another 5 hours to re-check all the data. Even then, the new format layout is horrible!
-
Anonymous commented
I too lost my purchase and sale history. I depend on these data to determine my profits/losses for my Fed Tax Schedule D. This is a terrible loss of over 20 years data.
-
Nora Holloway commented
Can't add a new transaction, really need the old format back!
-
peter byvoets commented
it does not load consistetly. when it does it hangs up often, safari browser. cleared history no impact. all portfollios converted to 2.0 no difference.
st4ady degradation. alwasys a new problem.. need a competitor -
Danny Matthews commented
"Yahoo Finance is operated by Yahoo Inc. In 2021, Apollo Global Management", Inc. (NYSE: APO) acquired Yahoo. this tells us why they have said **** with the viewers, our data has been sold to Apollo Mgt. The new transaction function is worthless. Professionals came up with this? Glad they are not selecting my stocks.
-
Robert S Fried commented
I agree. I tried 2.0 on one portfolio, and it screws up the cash management. I do NOT want cash to be some amorphous thing at the bottom of the portfolio that can only be seen when opening "my positions" That's childish. I have two portfolios in one and use $$cashlabel to hold cash. The only way I get this to work in 2.0 is to edit the transaction and overwrite the previous. That's a cumbersome workaround.
I see your request to "upgrade" to 2.0 as a threat. Whoever wrote the program clearly has only a limited understanding of how Yahoo portfolios are used and its "features" only cause problems.
I have other portfolios that use have dividend reinvestment and I don't want you making assumptions about what is going on with dividends. I just copy what my broker shows.
You need to allow people to use what you call basic porfolio and let people revert back to it. I want nothing to do with 2.0