Tag Archives: Morningstar Instant X-Ray

Searching for the Best Internet Investing Sites

Question: How many personal finance websites do you think there are on the World Wide Web?

Answer: nearly 4,100, according to The Nielsen Company.

Question: How many good ones are there?

Answer: Far, far fewer according to one study.

Finance Websites That Work

In a study published this March, by the Center for Retirement Research at Boston College, Kimberly Blanton searches for the “finance websites that work.”

Blanton, a one-time Boston Globe reporter, now a writer for the Financial Security Project at BC splits the successful sites into three broad categories: financial data aggregators, financial decision tools, and personal finance communities. For each she selects a few of the most successful and searches for patterns behind their success. Continue reading

Cool Investing Tools: Portfolio Instant X-Ray

Sometimes we are not as diversified as we think we are. To see what your portfolio actually looks like, rather than just what you want it to look like, you might find it useful to use a free Morningstar tool called the Instant X-Ray. The Instant X-Ray is easy to use. Simply enter your holdings, include how much is in each holding and the Instant X-Ray sorts through their data and gives you a read on just how diversified you are.

Insight Into Your Portfolio’s Current Holdings

The process only takes a few minutes. For people who have investments in a couple of different places (Individual Retirement Account, 401(k), accounts) the tool allows you to aggregate your holdings in one spot and get an overall read on how well you’re meeting your diversification plan. Continue reading