Portfolio Review Tools
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I had a client ask me today what websites are the best for showing his son some of the basics about screening funds, doing tech and fundamental analysis, and most importantly to him, portfolio reviews. His son attends middle school and has a strong desire to join the “biz” one day. So my question would be…
What websites are good for beginners or youths in these regards? He asked specifically about websites that allows you to input various portfolios by their individual holdings. We use Morningstar Advisor Workstation. My client thought it would be a little much at first for his son. Does anyone know of a simple version of Morningstar that is preferably free or close to it? (I would list the websites that I have already shown him but i don't want to appear to be pushing them i.e. screener sites are a dime a dozen, analysis sites are not difficult to find but a good portfolio review and breakdown is not. I guess good and cheap don't go hand in hand.) Thanks in advance for your help on these concerns.Just give him your login and password. By the time he gets to high school he will be a pro.
Yeah right. I told him about the calculators on Bloomberg and he liked the one for asset allocations. He called me Friday morning and asked if there was a program that you could enter investments and the program would put the tickers or cusips in the correct “pie pieces” and instantly recalculate. The program we have requires the portfolio to be entered all at once and then a review will be generated. I told him to design a program like that and I would be the first to use it. I think it would really help to show clients how different investments could potentially affect their portfolio without printing a “with” and “without” Morningstar report.