by CI Staff
Jemstep is a free online portfolio guidance and management system designed for individual investors. According to Jemstep, the website uses technology to provide objective, transparent ratings for more than 20,000 mutual funds and exchange-traded funds ETFs. Jemstep takes into account your objectives, goals and risk tolerance and identifies recommended investment options. In addition, Jemstep is able to track your holdings.
The first step to starting to use the website is to create an account. Jemstep works by allowing users to create individual goals. There are four types of goals from which to choose—retirement, college savings, large purchase and wealth building. If you choose retirement, the website asks for several inputs on the first screen, including birthday, gender, retirement age, and the age you expect to live to. In addition, users need to specify risk tolerance.
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