8 Tools to Help Get Your Portfolio on Track

Investors are a bit like snowflakes, no two are exactly alike. Every person has different risk tolerances, life circumstances and goals they want to accomplish. That’s why it’s important to have access to a wide range of financial tools.

“Different traders and investors have vastly different needs depending on what they want to accomplish financially,” said Brian Bachelier, vice president of active trader strategy at Scottrade. “No matter what your financial goals are, we provide tools to help you reach those goals.”

We spoke with experienced Scottrade® professionals to get an idea of some of the popular tools offered, as well as some of the hidden gems in the service.

Screeners: Scottrade’s screening tools can help you find stocks based on a wide range of criteria, including (but not limited to) market capitalization, sector, price/earnings growth ratio, profit margin, dividend yield and the directional movement indicator.

Charting package: More active traders might want to consider the charts available through ScottradeELITE. Traders have the opportunity to conduct in-depth analysis on stock prices using more than 50 technical indicators, and they can place, modify and view orders within the charts.

Alerts:  Scottrade offers five kinds of alerts for securities and indices: priority, account, price & news, periodic and money direct. Each of these options allows you to stay abreast of your portfolio with up-to-the-minute information.

Portfolio Review Tool: The Portfolio Review Tool has two particular features to help build your ideal portfolio. Five target models offer pre-determined asset allocations to help you pinpoint what your ideal portfolio might contain.

Third-party securities research: In addition to a wide range of market fundamentals, you can access research tools from Zacks, Thomson Reuters, Market Edge and Standard & Poor’s, providing additional insight into the markets. Morningstar reports are also available for mutual funds and ETFs.

Time and Sales:  In ScottradeELITE, you have the opportunity to pick a particular stock and see the orders that have been recently executed.

Velocity and Forces: If you’re an active trader using ScottradeELITE, this tool could come in handy. Market Velocity measures the intensity of trading for a particular security. Meanwhile, Market Forces provides a real-time indication of the direction of the market by noting whether trade interest is surging or waning in either buy or sell orders. 

Value lookup: By analyzing a large swath of market fundamentals, the Value Lookup tool can help you determine whether a particular stock is overvalued, undervalued or about right. This tool is available for ScottradeELITE® clients though Recognia Value Analyzer™.

What tools do you think might help you build a successful portfolio?

Read Next: Tools You Can Use to Help Find Your Next Trade

Value Lookup by Recognia tool is provided to Scottrade® clients through a third-party vendor. Scottrade does not guarantee the accuracy of the information contained in the Value Lookup tool by Recognia and does not assume any liability for actions taken in reliance on information contained within the tool. Scottrade does not guarantee the availability or accessibility of the Value Lookup tool by Recognia.

Scottrade, Zacks, Thomson Rueters, Market Edge, Standard and Poor’s  and Recognia are not affiliated. The information provided is for educational purposes only and Scottrade is not responsible for statements, offers, or products issued by Zacks, Thomson Rueters, Market Edge, Standard and Poor’s  and Recognia. Scottrade assumes no responsibility for the accuracy, completeness or timeliness of the data. No information presented constitutes a recommendation by Scottrade or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. Please research any product or service carefully before investing.

Third-party websites, research and tools are from sources deemed reliable. Scottrade does not guarantee accuracy or completeness of the information and makes no assurances with respect to results to be obtained from their use.

Investors should consider the investment objectives, charges, expense and unique risk profile of an exchange-traded fund (ETF) or mutual fund before investing. A prospectus contains this and other information and should be read carefully before investing. A prospectus is available through www.scottrade.com or through a Scottrade branch office

The information and content provided is for informational and/or educational purposes only. The information presented or discussed is not, and should not be considered, a recommendation or an offer of, or solicitation of an offer by, Scottrade or its affiliates to buy, sell or hold any security or other financial product, or an endorsement or affirmation of any specific investment strategy. You are fully responsible for your investment decisions. Your choice to engage in a particular investment or investment strategy should be based solely on your own research and evaluation of the risks involved, your financial circumstances, and your investment objectives. Scottrade, Inc. and its affiliates are not offering or providing, and will not offer or provide, any advice, opinion or recommendation of the suitability, value or profitability of any particular investment or investment strategy.

More Articles & Insights

7 Tools to Help Make Trading and Investing Easier

A wide variety of tools can help you make better trading decisions. 

Is Your Portfolio in a Good Spot? This Tool Can Help

If your investment portfolio isn’t managed correctly, you’re more likely to miss your financial goals. A portfolio management tool can help.

Tools You Can Use to Help Find Your Next Trade

Finding solid trading opportunities can be a daunting task. At Scottrade, we offer quite a few tools that can help.