Resources – Portfolio Management

Once you start investing and building wealth you need to track the performance of your portfolio of investments, making any necessary changes to your investments to keep them on track to achieve your financial goals. Your investment strategy will likely change over time too (e.g. becoming more conservative in order to preserve invested capital as you get nearer to your financial goals), so portfolio management over time will be key. Here is our selection of some useful portfolio management tools to help you manage your investment portfolio.


Track Individual Stocks & ETFs

To track the individual performance of your investments in stocks and exchange traded funds we recommend using something free and simple like Google Finance. The portfolio function in Google Finance allows you see at a glance how each of your investment assets are performing. There are plenty of other free online portfolio tracking solutions, but we find that Google Finance covers our needs in this area – especially as it covers all the share markets we are invested in.
 
Using Google Finance for Portfolio Management




Track Your Portfolio

To track the combined performance of your portfolio of investments we recommend using a simple spreadsheet. On a monthly, quarterly or other period of time you record in the spreadsheet the current valuation of your investments. Plus, you also record any time when you add funds to your portfolio, or when you take money out. To see an interactive example of our version of this simple spreadsheet in action, please click the “Interactive Example” link on the right. If you would like to download an Excel spreadsheet template for your own use, please click the “Excel Template” link on the right.


Weighted Averages

To track the balance of your portfolio recommend comparing your investments using weighted averages. When building your portfolio you need to ensure that you are not becoming over-exposed to any one asset class and also that your portfolio is aligned with your Risk Profile (click the link on the right to access our worksheet that assesses your Risk Profile). We have developed a simple spreadsheet template that you can use to compare your investments using weighted averages. To see an interactive example of the Weighted Average spreadsheet in action, please click the “Interactive Example” link on the right. If you would like to download an Excel spreadsheet template for your own use, please click the “Excel Template” link on the right.


Contact the team from Value Prophet today and start learning how to secure your financial future.
Arrange a free introductory consultation today by phoning 027-278 6680, or email [email protected].

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