Course 101: Steps to a Suitable Portfolio
Discover What You Already Own
In this course
1 Introduction
2 Create a Blueprint
3 Discover What You Already Own
4 Make Your Portfolio Fit Your Blueprint
5 Schedule a Time to Rebalance
6 Monitor Your Investments

Maybe you can name all of your stocks and mutual funds off the top of your head and detail how each one performed last week. Good for you. But can you explain how they work together? Which are your core investments? Are you diversified? Do you have a lot of overlap? You must be able to answer those questions before you can see how (or even if) your portfolio fits your pattern.

To figure out exactly what you own, you could buy a financial calculator or investing spreadsheet, haul out the latest shareholder reports for your funds and account statements for your stocks, and calculate how much you have in cash, bonds, and various types of stocks. What a job! No wonder people don't know what's in their portfolios.

Use Morningstar's Instant X-Ray instead. Simply enter the tickers of all of your investments and how much you have invested in each, either in dollar or percentage terms. Then click "Show Instant X-Ray."

You'll discover your portfolio's asset mix, style-box breakdown, sector weightings, regional exposure, and much more. Then, for ongoing monitoring, just click to save your Instant X-Ray holdings as a Portfolio on Morningstar.com.

Next: Make Your Portfolio Fit Your Blueprint >>


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