How to Make the Most of Your Investment Capital: Tools and Resources

It is necessary to underline that there are certain impacts of having or not having proper information on personal financial management and decision making. Investing can be a challenging undertaking, but through the utilization of these tools and resources, you will be able to maintain your course of action, regardless of the level of expertise that you possess:

Financial Calculators: These are very useful when it comes to all forms of computations that you would wish to make in your lifetime, from the saving and investment plans for your retirement to calculating your loan repayments, understanding compounded interests, and when you want to assess generational returns on your investment.

Tips: So before you plunge into the use of those financial calculators, you need to have set your goals. It could be anything from setting up for a rainy day that needs cash for retirement or even to buying a house. To get real-life results, it is crucial to use a real number with reference to revenue, expenditure, rate of interest as well as time period. Further, test different models to see how the various aspects can affect  financial goals in various situations.

Stock Screening Tools: Another method that you can use is the Stock Screening Tools in which you type in the parameters that you want to get from the stocks such as the Market Capitalization, Dividend Yield and the Price-Earnings Ratio among others. A few of the more popular options are: They are: (1) Yahoo! Finance’s Stock Screener with easy/advance search & graph view; (2) Finviz with numerous stock filters/visualization tools; (3) Morningstar offering deep company analysis and efficient screening options.

Tips: Regarding the issue of using stock screening tools, the first step is determining an appropriate criterion that has to be screened for, which might be growth or income. Using a combination of various filters enables one to increase the stringency of the search and identify stocks that are as close as possible to the set criteria.

Portfolio Tracking Software: Portfolio Tracking Software assists in showing the gains and losses in relation to the assets, distribution of the portfolio, and overall performance of the portfolio. Some to name are (1) Personal Capital which provides a lot of necessities for financial planning and portfolio review; (2) Mint which is famous for budgeting, investment tracking, and goal setting tools; (3) Morningstar Portfolio Manager useful for the sophisticated investor with plentiful tools for tracking and evaluation.

Tips: The portfolio data becomes critical in enhancing the portfolio tracking software, and thus, it is crucial to ensure that the data used in a portfolio is correct and easily updated. Thus, it becomes necessary to monitor the performance of the investments made by an individual or a company and make the required changes in the process. The other thing that one should also be careful not to incur from the social media platform is any form of cost or charge that is likely to reduce the ROI.

Takeaways: 

• Get the most out of these investment tools by understanding how they operate to get useful information. Yes, there is also a trove of resources online that are perfect for learning the basics of the language.
• It is advised that these tools should be applied on at least a daily basis so that the position of investment companies and other securities can be effectively monitored from the ground level.
• Last but not least, consider meeting your financial advisor for a professional opinion. Markowski Investments offers financial consultation services; check here for a free financial consultation.