5 Top Ways to Track Your Stocks Portfolio
It isn’t a one-time affair where you invest and forget about it. Because if you do so, you shall repent.
There are plenty of online resources and mobile apps that can help you stay up-to-date on news that might impact a corporation whose stocks you own and allow you to observe its financial health and estimate its performance.
Here are the top important five ways you can track the stocks you have invested in:
1. Setting Up Your Portfolio
Several sites let you customize trackers with a list of your stocks, funds, and ETF holdings.
If you haven’t already set up a portfolio through an online brokerage account, you can turn to any of the many websites available for tracking for free, which you can customize with your list of stock and fund holdings. Clicking on a stock leads you to a ton of information on the company, including the recent news, historical share prices, and more.investment ideas
There are a lot of mobile apps too that give you a lot of ideas and helpful data that will help you make knowledgeable decisions. One of them is Stock Insights – a mobile app covering a broad selection of financial instruments giving you investing ideas and stock insights in a clear and easy-to-understand way. Suitable for beginners and experienced investors, it is available for iOS and Android as a free download.
You can also check most of the details using the stocks research websites. It would help if you kept in mind the important thing is choosing the best Stock market research app.
2. Keep Up With Market Trends
The market is completely volatile. Once a week, log on to a financial news website to get a stocks research report and rundown on market news that could affect your portfolio holdings. Various websites like Investopedia and ViewStock. The stock market is affected by environmental factors, political ups and downs, and many other reasons.
You can also check the company’s shareholding pattern whose stocks you have purchased. Growth in the number of stocks of the promoters is a healthy sign. Promoters are the company’s owners, and they have the best understanding of the corporation. If they are convinced about its future growth, they are usually accurate. These are signs that you are investing in the right direction and making decisions based on these patterns and trends.
3. Check The Quarterly Results Of The Company
Every large company releases its results quarterly four times a year. Typically, a company releases its effects within 45 days after the end of every quarter. Even otherwise, quarterly studying the results of the company provides good insights.
Research the quarterly outcomes of the company in your portfolio. The results could be good or bad. Do not get influenced by the company’s loss or be too confident about the profits. What matters is consistency. Nevertheless, if the company continuously gives terrible results, you must reconsider the stock.
4. Learn The Annual Results
A company’s annual statements are the best way to estimate its performance. Using the annual reports, you can compare the company’s performance with its past to check its growth.
As a stockholder, you are entitled to receive the annual reports. It is an excellent research tool for stock investors and typically comes out in April. Utilizing a stock research app, you can get a sneak peek of what’s in store for the coming year, and it often reveals a tidbit that has not been released.
5. Know and Keep Updated about Your Company
You must follow and keep up with the company you have invested your stocks in. Several factors can affect the company and, therefore, the share value, both domestic (government regulations, duties, tax, etc.) and international (currency exchange rates, crude oil, war scenarios, etc.).
To keep updated with the news, you can set google alerts for the companies in your portfolio. All the information related to the company will be directly sent to your Gmail inbox.
Subscribe to newsletters of the websites you feel gave you good information, be abreast with news on the company website, and subscribe to their newsletters.
To keep updated with the news, you can set google alerts for the companies in your portfolio. All the news related to the company will be directly sent to your email inbox.
You could also communicate with other investors. Online forums, telegram, and discord channels can be suitable for sharing investing ideas and opinions, posting your questions, or simply observing.