Profile Feature

As you monitor your mutual funds, it may also be helpful to see what professional firms have to say about your investments. After all, these large firms spend much more time analyzing funds than you do, and in most cases, the information you receive from these firms will be extremely helpful.

While there is a tremendous amount of information on this page, the information that will be most important to you while you are monitoring mutual funds in your current portfolio is the Year-to-Date Return and the Morningstar Rating. If the returns for the fund decline dramatically, you know it is time to check the chart of the mutual fund to see if you should exit your trade. If the Morningstar Rating for your fund declines, you do not necessarily have to exit your trade, but you will want to keep close tabs on it as the likelihood of its declining has increased.

With so much information at your fingertips, Yahoo! Finance Portfolios provide one-stop monitoring capabilities for your investments.

CONCLUSION

In a short amount of time each week—with the help of Yahoo! Finance’s mutual-fund tools—you can search for, analyze and monitor a comprehensive list of mutual funds in your portfolio. Gone are the days of investing blindly or solely on the recommendation of your broker or financial planner. You have all of the information you need, and it is all just a click away.

Take some time to get to know the tools. Experiment with a few hypothetical trades, and track your results in one of your portfolios. And most importantly, never stop learning. Read the latest news, follow the movements of the stock market and continue to investigate other educational offerings from Yahoo! Finance. Good luck in your investing.

Previous Article: Portfolios and Chart Features

3 of 3   (1 2 3)