Wikinvest – your new portfolio manager
Just like online services which assemble the data of users from all their bank accounts at one place, Wikinvest is an online investment portfolio manager which lets you track all of your portfolios using the Wiki format. It is a useful free tool for investors. Wikinvest Portfolio Manager is a comprehensive website that lets you make the most use of your online investment portfolios. After creating an account on the website you can start building a new portfolio; alternatively you can link your account with your brokerage and import your portfolio. The service currently supports 60+ brokerages.
Wikinvest delivers useful news and data about stocks from more than 500 sources to help people make their investment decisions. This service offers interactive, data-rich features that allow users to import and track their stock portfolios. Wikinvest portfolio tool supports ETFs, stocks and mutual funds and updates information in real time, it also has the ability to send e-mail alerts about the stocks held in your portfolio.
The benefits of using Wikinvest include getting real-time market data and obtaining research on companies. The site also provides portfolio analytics. To keep the users aware of breaking news, the site is also working on to add email and phone alerts.
The online service of Wikinvest claims to be hassle and pain free for users who do not need to manually enter their transactions, cost basis and other information each time they move to their next trade. As the site allows importing your data into Wikinvest portfolio account, Users can easily see all their investments – from brokerage account to their 401K to the accounts managed by their financial advisor – all in one place. Wikinvest pushes live, realtime market data and news directly to user’s browser, with no page refresh required. It updates with the actual fees paid to the brokerage, in order to assure there is no ripping off by the brokerage. Wikinvest provides a comparison of the user’s financial performance with market benchmarks. The rich portfolio analytics are free. Wikinvest lets the investment with concepts. These concepts can be themes, ideas, trends, products, and industries. Rather than typing a company name, if a user types an idea like rising price of oil or rise of ecommerce, he gains a fair idea of which companies are affected by this tendency and why. Thus, Wikinvest lets the users take wise investment decisions