I have a detailed profile built including all retirement and non-retirement assets by asset class (stocks, bonds, hedge funds, mutual funds, etc...) and the individual investments loaded in Microsoft Money. Is there a way to import that information into ESPlanner and if not, how do I enter those individual assets into the program. Thank you.
Disclaimer: ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO, are educational calculators designed to give users input in mapping out financial futures, but should not be acted upon as a complete financial plan. The creators of these programs are not certified, registered, authorized, or any other type of financial planners. These programs are simply tools for helping you think through economic futures. Its "recommendations" should be viewed as informative inputs into your own decision-making with respect to saving and the purchase of life insurance. ESPlannerBASIC, ESPlanner, ESPlannerPLUS and ESPlannerPRO provide neither economic, financial nor tax advice, which can only be delivered to you by authorized professionals.
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Assuming that you purchased ESPlannerPlus, you will need to turn Monte Carlo on, go to the Monte Carlo tab, enter the asset classes, edit your portfolio(s), and implement them appropriately for your various investments.
Currently there is a limit of an additional 12 user defined assets. This bug is on our list and will get fixed in the future, we just haven't gotten there yet.
You can't import data from your Excel worksheet.
In the upcoming release (currently in alpha test) we've added the capability of specifying Beta for your user defined assets. This allows us to do a better job of monte carlo analysis.
Best,
Dick Munroe