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 a couple of useful portfolio management tools to help you manage your investment portfolio.

Weighted Average Calculator

To track the balance of your portfolio I 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. I 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 first link below, or I have Excel spreadsheet template you can download for your own use.

Portfolio Tracking

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 first link below, or I have Excel spreadsheet template you can download for your own use.