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How to Use Free Portfolio Wizards for Short-Term and Long-Term Investment

How to Use Free Portfolio Wizards for Short-Term and Long-Term Investment

The easiest way to start investing is with Tickeron's Portfolio Wizards. There are several ways of using this tool. Firstly, if you know how much money you have, our Wizard can build a diversified portfolio just in a few clicks. Secondly, if you already have a portfolio, our Wizard can verify if your portfolio is well diversified. Finally, if you have a portfolio in a 401(k) plan, we can provide you with the full diversification analysis of your company's plan menu. All you need to do is to follow the prompts, and within seconds, you will get all the answers. 

In investing, nobody relies on just one Wizard. Users have to check all other available information as well. Tickeron aggregates such information in its daily buy/sell recommendations. You have three ways of accessing it. One is to buy an intermediate membership. The second is to buy any other product and get an intermediate subscription for free. The third way is to buy an annual subscription for $39/year and stay with a beginner membership. If you have any questions you can always call our customer support, view webcasts, and videos, or sign up for 1-on-1 lessons. 

Here are the step-by-step instructions on how to use our Wizards.

 

 

On the Portfolio Wizards page for Beginners, you answer questions about your investment style, in order to get a personalized portfolio.

Usually, the passive investment plan option is for 401(k) clients. For the most part, 401(k) portfolios contain mutual funds, which is why they are selected here. This example will show how to analyze an existing 401(k) portfolio. 

 

 

Once you click “Next” at the bottom, you will be taken to Step 2.

 

 

The radio buttons on the left side will be switched to reflect selecting tickers from an employer’s 401(k) plan. You can add funds one by one, copy and paste them from an existing account, or select tickers from Tickeron pre-uploaded company plans.

Next, select your company in the right-hand side search bar.

The following pop-up allows you to choose any and all tickers which the employer has approved for 401(k) plans.

 

 

After clicking Add Selected or Add All, you will be able to add other funds manually, if necessary.

 

 

To see how well the portfolio is diversified, edit the sums across the positions to match the one that is in your actual 401(k) portfolio. Under “Enter new position”, you will add the funds in your 401(k) that are allocated to this position.

 

 

To edit your cash reserves, select Cash Reserves and click edit to the right of the row.

 

 

You should then edit the sum under “Enter New Position”:

 

 

After you have finished allocating the funds across positions, you can look at the diversification score you have achieved, as well as the allocation and selection quality separately. To get the definitions for these terms, you should click on the term for a pop-up with the information:

 

When you are satisfied with your allocations, the next step is to ensure that the market value of the portfolio matches the sum in the actual 401(k) account. 

 

 

When the market value matches the sum in the account, you should click “Finish” at the bottom.

The system will ask if these are all the positions you want to enter. To see the sample portfolio that has been created, click “Proceed as is”.

 

 

The next page will show you the sample portfolio. In order to optimize it with the help of Tickeron A.I., click “Get Advice”. 

 

 

The Tickeron A.I. will recommend other favorable allocations by proposing new positions. This does not take into account the limitations of a particular company’s 401(k) plan, so you should take care to make sure that the positions are correct. 

 Under an overview comparison of the two portfolios, you will see a detailed analysis of the percentage allocation of the funds across positions for the portfolio created and the suggested portfolio side by side.

 

 

At the top right corner, you can toggle between dollars and percentages.

If this suggestion works, you can click “Apply”, which will take you to a page where you can make a brokerage request with a 401(k) administrator.

Now, if you go back to the portfolio overview, you’ll see that the new allocations will change at the next opening bell.

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If you are a passive investor but want to analyze an existing portfolio by selecting stocks independently of a company’s 401(k) plans, then upon clicking “Add tickers one by one”, you should first type in all the tickers you wish to add into the search bar:

 

 

You should then click the “edit” button next to each of the tickers and manually enter the dollar amount of the total funds you wish to allocate.

Once you have created this portfolio, click “Finish” at the bottom. The next page will show the created portfolio, and you will be presented with the option to “Get Advice” from A.I. in terms of how to best allocate between the existing positions, and which positions to add.

 

You will then see your portfolio, on the left, versus the portfolio that A.I.dvisor suggests, on the right.

 

Scroll down to view the details of the allocation changes:

 

 

Once the changes are reviewed, click “Apply” in the top right corner to finalize the brokerage order.

 

 

To view the implemented changes, click “Overview” on the brokerage order page.

 

 

Next: Another way to use our A.I. Wizards: Not reallocating an existing portfolio but creating a new one by allocating cash.

On the home page, you should select to allocate your cash to create a new portfolio:

 


It’s also possible to select only particular asset classes among which you wish to allocate your cash. Here, all asset classes are selected.

The portfolio the system generates will depend entirely on the cash that you are willing to invest. In the example above, you allocate $25,000, which the system finds to be distributed best between five positions.

 

 

It’s also possible to apply for a brokerage request to finalize these selections.

If you want to improve these selections, you can click “edit” to add or remove any of the asset classes, industries, or families:

 

 

 

Another way to invest is by identifying as an active investor on the Portfolio Wizards homepage. In this case, you will be able to choose a filter and a number of positions. The filters you can choose from are industries, or qualities of stocks, such as low drawdown:

 

 

The aforementioned filters are divided into two categories: “popular filters” and “my filters”. Filters can be created using the Screener tool. To learn how to create a filter, refer to the Screener manual.

Once you select a particular filter and number of positions, you’ll notice that the allocation quality is still 0%.

 

 

Scroll down and click on the A.I.dvisor button in order to allocate the portfolio with the help of Tickeron A.I. 

 

 

After the completion of this step, the allocation quality will change to 100%.

 

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