There are several ways to manage your portfolio of investments. For instance, use websites from Personal Capital and Morningstar to track and graph your gains and losses, recommends Rob Berger for Forbes. Also, budgeting software from websites such as Mint have built-in portfolio management tools.Continue Reading
Mint lets investors track their spending and their investments in one free program. Google also has its own free financial investments tracker, Google Finance. These free portfolio trackers make it easy for investors to keep a daily eye on their stocks, bonds and other interests without having to pay hefty fees to a financial consultant, notes Berger.
A new company in San Francisco, SigFig, has developed a website that uses algorithms to manage complex portfolios automatically, reports NPR. SigFig essentially turns the work over to its complex robots to diversify risk, compute the best chance for growth and keep an eye out for potential pitfalls in a given investor's portfolio. This futuristic model does not include financial advisers because the computer program calls the shots on investments. SigFig can determine where an investor's assets are, how much risk he is taking, how much money he is paying toward fees, and most importantly, how much money he is ultimately making.Learn more about Investing