Everything you need to know about portfolio tracker

by Pankhudi Dave Head Finance Manager
A portfolio tracker is a program or service which allows an investor to trace the movements of their individual holdings. They can see how their current allocation stacks up with their long-term goals and get an idea of how their portfolio is doing compared to the rest of the market. They can also add portfolios from their investment accounts or create manual portfolios to test out different strategies.
Checking the investments too frequently can also lead to excessive trading, but if they want to keep their asset allocation on the right path, a portfolio tracker is a simple and effective way of monitoring it. Before beginning the process of trading an investor should check the trading faqs to clear out the doubts they may have about the process of trading. A lot of brokerages have some sort of tracking and research tool, but they can only use accounts affiliated with that broker. With a portfolio tracker, an individual can better analyze their total allocation and formulate a more pointed strategy.

Keeping track of the performance of multiple investments and consolidating them in a single location for quick and easy access is time-consuming and a hassle. A portfolio tracker helps in managing and analyzing the investment portfolio across different asset classes such as equities, mutual funds, FDs, loans, real estate, derivatives, borrowings and commodities etc.

A portfolio tracker comes with several benefits. Firstly, it provides data on the profit-loss statements of an investor through the stocks bought and sold, their holdings, transaction statements, and the updates stock prices.  Apart from this the portfolio tracker also delivers you information on split up of the holdings concerning the sectors and percentage composition, allocated in the overall portfolio. 

Some of the features of a portfolio tracker are listed below:

1.    Managing all the investments through a single login:
A portfolio tracker consolidates all the investments automatically, that enables investors and the RM to monitor the performance of the investments with just a few clicks across all the devices, accessible from anywhere at anytime.

2.    Investment summary and analytics reports:
Offers intelligent, value-added reports like transaction reports, annualized returns, capital gains, holding options, currency reports and charts which enable smart investment decision. Financial advisors and investors can also compare their portfolio with different indices to get a view of the diversified investments and risk profiling.

3.    Watch list:
The portfolio tracker allows the users to keep a tab on the stock prices movements through watch list tracking option. Users can also create multiple watch lists to track the required stocks before making a decision to invest.

4.    Manage data:
Users can also export their portfolio details in Microsoft Excel or download the charting images in JPG/PNG/SVG/PDF formats for record-keeping or tax filing.

5.    Alerts:
The portfolio tracker system allows the users to set custom alerts for the investment portfolio to track critical price movements. 

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About Pankhudi Dave Freshman   Head Finance Manager

9 connections, 0 recommendations, 46 honor points.
Joined APSense since, July 2nd, 2019, From Mumbai, India.

Created on Aug 19th 2019 05:19. Viewed 297 times.


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