“Is there a way I can X-ray my investment portfolios to better understand how underlying stocks affect an overall portfolio?” Of course there is. We can show you how with stock management tools.
Last week, at a meeting of Stansberry Alliance and TradeStops members in Scottsdale, this exact question was posed. Our member CC wanted to be able to separate her positions into different groups so that she could see what areas of her portfolio were helping the most or hurting the most.
We can do that and we’ll show you how.
Here’s an overview of an 18-position sample portfolio. The portfolio has had some nice gains in the last several months as the market has done well.
The portfolio is well diversified. Here’s the sector overview.
And the industry diversification is just as impressive.
The Portfolio Volatility Quotient (PVQ) is also very low.
Now it’s time to X-ray the portfolio. To do this, we’re going to set up separate Watch Only portfolios using the positions that are in the same sector. For instance, we’ll take the positions in the precious metals – ABX, GDXJ, GLD, NEM, SLV, and SLW – and copy those positions into a new Watch Only portfolio. We’ll title this new portfolio “Gold Stocks”.
Next, we’ll go back to our Main Portfolio and check the boxes next to those positions we listed above and click on the “Copy” button at the bottom of the page.
Once we’ve pressed the “Copy” button, the Copy Positions window pops up and we can move these positions to the Gold Stocks “Watch Only” portfolio.
When we go to look at this portfolio, we can see that these stocks have performed poorly. The overall investment portfolio has performed well, but these stocks have been a drag. It’s not easy to see this when looking at the overall portfolio.
By setting up different Watch Only portfolios and looking at these positions separately, you give yourself the opportunity to understand what your investments are doing for you. You will be able to have more control over your portfolio and your decisions will be better-informed.
It should only take about 5 minutes to set up each Watch Only portfolio and copy the investment positions into that portfolio. Most investors can set these up in under 30 minutes for entire investment portfolios.
As always, if you have any questions, please contact our customer success team.