Over the past few weeks, I’ve been updating my portfolio. The good news is that I locked in a gain with NVDA by selling 100 of my shares for $212 per share, which I had bought at an average price of $25 about two years ago. The bad news is that I lost money on other investments. I sold shares in a few stocks that had declined in price and didn’t seem to hold potential for gain even when priced low. The good part of my bad moves is that I’ve honed my ability to know what not to buy when investing.
Category: Portfolio Development
“How am I doing?” is a question I often ask myself. I may check the mirror to make sure I’ve applied my sunscreen evenly before heading outside. I may evaluate how I feel on a long run to determine whether I need more water. In regard to my finances, I might check my spending or see how my investments are faring.
In the realm of portfolio management, there are many ways to measure a investment portfolio. Right now, I’ll look at how to gauge portfolio performance compared to its benchmarks. Here are some steps to consider:
Putting together a diversified investment portfolio can be uncomplicated and performed in the solitude of my home. I can use online tools provided by brokerage firms to quickly build investment portfolios.
These tools don’t substitute for customized investment recommendations. The portfolios suggested may or may not be suitable for specific objectives. And, though they’re typically diversified portfolios, diversification doesn’t protect against loss all the time or guarantee a profit. But they’re free to use and they can offer insights into how a portfolio is constructed.