Technology That's Good for Your Investments

Technology for your portfolio has made rapid advancements in the past few years. If you are a do-it-yourself investor, low-cost online solutions can help you build a better portfolio. Some of the solutions below also consider taxes and help you locate investments in the appropriate accounts to deliver an outcome that may lower your tax bill.With online investment managers, you will pay the internal expenses of the funds used. With some services listed below you choose your own brokerage account and pay trading fees; with other services trading fees are included in their price or service package. All information below was compiled from each service’s website, and nothing is intended as a recommendation.

JemStep

Jemstep is an online portfolio manager. Their patented methodology determines the appropriate asset allocation for you and evaluates up to 20,000 mutual funds and ETFs to come up with a recommendation. What I like is that their market scenario modeling considers what you might expect in poor and average markets, not bull markets. This is a more appropriate way to test a portfolio; if you get a bull market for your next 20 years you are going to be just fine. What you need to know is how well-off you’ll be if you get a bad 20 years. The software evaluates what you currently own, then recommends changes that can lower your taxes and expenses and provide an improved risk/return tradeoff. They have a free option you can try, and if you like it, portfolio management runs from $17.99 - $69.99 a month, depending on your portfolio size.


Betterment

Betterment is an automated online portfolio manager that can also help recommend how much to contribute to accounts to reach certain goals. You can model the effects of increasing your savings and then set up automatic deposits. They use exchange traded funds (ETFs) along with tax-efficient algorithms to create an optimal asset allocation of stock and bonds that can be easily implemented right there with a click or two. Their pricing ranges from .15 - .35% of portfolio size and they offer a 30 day free trial.


SigFig

SigFig is an online portfolio management software tool that allows you to optimize your portfolio around risk, return, and expenses. They evaluate what you currently own, then recommend a portfolio of diversified ETFs, and you can set it up to automatically rebalance for you. Their process doesn’t appear to be tax sensitive, so this can be a good option if all your money is inside retirement accounts where there are no tax consequences to making investment moves. Their service is free for portfolio sizes under $10,000 and runs only $10 a month for larger portfolios.


FolioInvesting

FolioInvesting is not online portfolio advice; instead it is an online brokerage account that provides over 100 ready-to-go packaged portfolios called Folios. You can buy or sell these Folios much like you would buy or sell a mutual fund and with their unlimited package you can have virtually unlimited commission-free trades for $29 a month. This may be a good alternative for those currently picking their own mutual funds or stocks.  Folio allows you to easily diversify, but you will need to pick the portfolio and tax location of your investments (tax location means what choices are best held inside your IRA vs. in a non-retirement account.)


MarketRiders

MarketRiders is an online portfolio manager that offers something for the self-directed investor, the advanced investor, and for those seeking an advisor. For the do-it-yourself person they use an online questionnaire to recommend a diversified index fund portfolio which you can implement at your choice of numerous online brokers. They then monitor and send you rebalance alerts. They have a minimum recommended portfolio size of $25,000, and their services run $14.95 a month, or $149.95 a year. They offer a 30 day free trial.

Rebalance IRA 

Rebalance IRA focuses on managing your investments with low fees by building a diversified portfolio using low cost index funds, and they will rebalance it on an ongoing basis. Their process starts with a phone interview. Like WealthFront, they list Burton Malkiel and Charley Ellis as part of their team on their advisory board. They recommend you have at least $75,000 in your account, and they charge .50% of your portfolio value. Although their fees are slightly more than some of the other options, the services looks like it offers more personal contact with the phone interview, and that would be reason for a slightly larger price. This service is affiliated with MarketRiders and uses their investment platform, methodology, and rebalancing algorithms.


Robotic Stocks Trader

Robotic Stocks Trader is a fully automated trading system which is very useful in your stock trading. This system will help to increase your trading profit at minimum risk and perform trading on your behalf. You can earn money while doing party with the help of this system.This is the future of Stock Market trading. To get more information about this system just visit our website.

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