Free portfolio tracking tool
I am looking for recommendations on a free portfolio tracking tool. I would like a tool that I can add my positions and then chart performance based on different time intervals. I currently use Schwab and Yahoo Finance but they don't offer a way to see how individual positions did in a certain time frame like calendar year 2022.
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You're referring to "backtesting". Best done by asset type/ class vs specific funds, which will have shorter history. Several websites do Backtesting free.
What portfolio are you looking at? Plenty before you have already done ample research on both Accumulation Phase and Decumulation Phase portfolios.
Yes, I am doing backtesting. The first commenter suggested the same. I was hoping to find something that allowed me to change time periods quickly instead of manual input.
What do you mean by 'Plenty before you have already done ample research…'?
We don't need to reinvent portfolios. We know what best serves us in all phases based on decades of research already done.
For early-mid Accumulation Phase, there's USA-only decades-old "Simple Path" (VTI and chill), international "Simple Path" (VTI + VXUS, with annual rebalancing), if optimizing for "simplicity" with absolutely "good enough" returns, increasing complexity to Paul Merriman's 4-Fund (which beats 100% S&P500 over the long term). Then Factor-based investing should have the slightly better returns, which is currently hard to do with low-fee ETFs, Dimensional Factor-based Funds can slightly edge out international "Simple Path" but the fees might make them not worth it. Overall, the differences in returns between the above matters less than the higher impact of more funds simply invested sooner and as frequently as possible. The financial goal in early-mid Accumulation Phase is to grow the portfolio as quickly and reliably as possible. "Average returns" is the portfolio metric that addresses this.
For Retirement Phase, the financial goal shifts to "be able to extract as much money out of my portfolio, safely, annually and in total, during my lifetime". The portfolio metric that addresses this is "highest Safe Withdrawal Rate" (SWR). The Golden Ratio Portfolio is #1 for this metric, at 6.2% @ 30 years.
In Late Accumulation, the financial goal is to "most reliably attain and keep FI in a short a time period as possible". A 100% Equity portfolio (appropriate for Early-mid Accumulation Phase) should be expected, from time to time, to drop by up to -40% and take 5-10+ (14 years, after inflation) to recover. Imagine the scenario of a wannabe retiree being 96% of the way to FI, 2 years from average FI, when that -40% happens, dropping the portfolio to only 57% of FI, potentially delaying retirement by up to 14 years, or, if retirement is fixed date, yielding a substantially lower retirement income. Mitigation of this is done by gradually shifting, at about 50% FI, or 10 year doubling period, about 10% each year from the 100% Equity portfolio to the High SWR Golden Ratio Portfolio (being 100% on Retirement Year).
See an assortment of common portfolios, ranked and scored by various metrics here
Portfolio Matrix – Portfolio Charts
… Portfolio Matrix chart, you can sort within it and select any portfolio to learn more.
I will check out the link you shared. I haven't heard Paul Merriman's name in years.
I think an LLM like perplexity could do this the best. I doubt that you will find a free tool to be as robust as a good perplexity setup.
You're probably not going to get exactly what you're looking for in a free tool, but take a look at this example from testfolio . You can enter your portfolio's asset allocation then each asset individually to see how the overall portfolio performed alongside how each individual asset performed. You can change the time frame in the parameters section.
Yes, I am familiar with portfolio analyzer and testfolio. It's a little cumbersome in that I have to add the exact dates rather than clicking on different time periods. Thanks for your help.