Portfolio management software can support you

How to Manage Your Investments

If one thing is sure with stocks and shares markets it’s that investing is hard work. With share prices fluctuating every day it’s very hard to keep track of when to buy and when to sell. It is also advised that you purchase a variety of stocks to reduce your level of risk; one successful UK spread betting trader (link to http://nakedtrader.co.uk/) mentions that he owns and maintains over 1000 shares! This form of spread betting requires a great deal of control and high level management; this is where portfolio management software can support you.

Reduce your Risk

The rule of thumb with investments is to make sure you have a stop loss for each share. A stop loss is the point that you will sell your share once the amount gets too low. Web based portfolio trackers are able to notify you when your share falls below this point so that you can make a decision on whether to sell. This kind of immediate information is vital for serious investors and can greatly reduce the risk that your share will continue to lose value. Good softwares can also notify you when specific stocks are rising or if there is a change in processing costs for a stock that you’ve ordered.

Transaction Tracking

If you are buying and selling a number of shares it is vital that you keep a record of what you currently own. Most software will show a list of your historic transactions to make sure that you never miss or forget something. These tools can often collate your investments to give you an idea of how much profit you have made or in some cases how much you have lost.

Reports

Getting information on market news, growth/decline and your own profits is a vital part of improving your knowledge and expertise as an investor. Many portfolio management systems will publish tailored reports for you to clearly shown the information that relates to you and your invesatments.