28 - 2018

5 Essentials Ways to Make Tracking Your Portfolio Easier

Becoming a shareholder means taking on the responsibility of overseeing your own stocks. Some need lesser attention, while others need more nurturing.

That’s why you have to find resourceful ways to track your investment portfolio.

Portfolios include any financial endeavor you invest in. For example, you would include common assets like stocks, real estate, and 401K. An investment account, bonds, and other assets would also be a part of it.

Everything considered a personal finance needs to have a watchful eye over it. That’s with anything in your portfolio.

If you have any obscurities about your financial investments, these tips can help. Read these five essential ways to make tracking your portfolio easier.

  1. Assess Your Statement

As with bank accounts, it’s important to review every financial record that comes about your investments.

Records, statements, and tracking sheets-any documents you receive for your portfolio needs review. Comb through them thoroughly, comparing costs and performance.

Make sure they’re meeting your personal goals. And, look for discrepancies as well.

Don’t allow any statements to pile up and sit with other mail. Time is always of the essence with it comes to money invested. Remain astute and productive concerning your portfolio.

  1. Tracking Your Portfolio Means Tracking the Market

It’s of great advantage to you to keep up with what’s trending in the market. So, subscribe to the newspaper or get internet access and read up on financial news.

Review the stock tables. Take a look at DJIA today to check for highs and lows of the Dow Jones Industrial Average.

Evaluate the name and type of stock by watching the ticker tape closely. Analyze the big picture-dividends, price, and earnings. Then make changes to your portfolio as need be.

If you have a smart device, download the latest podcasts that deal with investing.

  1. Use Spreadsheets

You don’t have to be a professional to keep good financial records. A smart way to gain control over your portfolio is by using spreadsheets.

Microsoft and Google have provided two great mediums for the average investor to keep track of their money. Excel and Google Spreadsheets are great options.

Take data that you’ve downloaded or printed from trusted financial sources. Transfer that information-costs, taxes, dividends, etc. into the spreadsheets and save it. Spreadsheets are an excellent way to keep a personal paper trail of your investments.

Save a copy on a jump drive in the event of a computer glitch.

  1. Get a Portfolio Tracker

Track the performance of your investments with online software. Different sites, including those run by a financial advisor, let you set up an account to check on your stocks. For example, Morningstar, Yahoo Finance, and personal client portals.

These trackers allow you to sign in and check your stock ratings, assets, and prices. Also, if they’re changes within the Securities and Exchange Commission, trackers let you check current filings.

  1. Partner with an Advisor

When you can’t find a solution, seek help from a professional. An investment expert can guide you through the portfolio process.

They’re paid professionals with mastery skills in understanding the financial market. An advisor can help with setting short and long-term investment goals. They give recommendations as well.

Sit down with one. Have them explain the terms, definitions, and figures of your financial investments

Track Your Portfolio

Tracking your portfolio is an overwhelming process if you don’t have the proper tools.

These tips are not exhaustive. They’re a few great ways to get you motivated about looking after your financial future.

To get ahead of the game, check out these 5 up-and-coming companies you should consider investing in now.


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