5 Resources for you to manage your Stock Portfolio

 5 RESOURCES FOR YOU TO MANAGE YOUR STOCK PORTFOLIO

   A stock portfolio is the collection of stocks that you invest in with the aim of making a profit, and managing this stock portfolio efficiently by finding the right mix for your portfolio, also known as asset allocation, is what determines the returns you will reap out of this range of stocks over a certain period of time.   

 Managing your stock portfolio might sound like something that needs to be done solely on the basis of the fundamentals and technicals of stocks and their industries, however the resources including a variety of websites and softwares that help you to organize all the data you need to make an investment decision is also very important to look into.

Coming to the first website resource that you would need, is for the purpose of researching for the company and stock analysis. For this, Money control, that is a mobile application as well as a website can be used for looking at the performance of stocks that you want, along with tracking other news and information you would want to know about the business. This helps you to correlate between the periods of downturn and highs for the company with the events that were happening there from a business perspective.

    Another website for the same purpose of research is screener.in. This website does not only show a variety of graphs that an investor requires for those decisions, but also provides other analytical information like the pros and cons for buying each stock and much more variety of things that help in the process of buying or rejecting to buy a certain stock. To top it all off, it also enables you to export the entire information to excel that helps you to look at it in a more sorted manner.

    Next up, coming towards: excel. As also mentioned above to have entries which interprets the raw data. It is a very commonly used software but some investors do not realize the importance of collecting the data into documents and instead lose their money by impulsively investing into stocks according to casual tips and recommendations. So, do not risk your hard- earned money into unworthy stocks, but rather have a systematic approach with excel so that you can make the right decision.

    Then comes Perfios, which can be used to analyze financial statements of companies in much less time and effort than doing it yourself. This enables you to eliminate investments that do not have up to the mark financial capacity according to your requirements. The data accuracy it offers is something very important as well, as you can rely on the data received and then can make decisions accordingly.

    Lastly, comes the website that you need to do the final investment and keep a track of your stock portfolio. There are a number of websites for this as such, however tradeview.com and investing.com are the most widely known. You can also do it from your own bank's website for stock exchanges like HDFC securities. These websites are merely for the technical buying and selling part of shares. Some of these also provide additional resources for the research part of your investment.

    So, what are you waiting for? Start investing into stocks with these resources by gaining knowledge and experience to make money that will help you to attain your financial freedom through wealth creation.

~Shagun Johrii