by CI Staff
MarketRiders.com is a unique online portfolio management program that offers certain features typically found at full-service wealth management firms. The site recommends a portfolio based on a questionnaire designed to assess your risk/reward profile. In addition, MarketRiders.com suggests using ETFs and investing in asset classes rather than holding individual stocks.
After creating a MarketRiders.com account, you will be asked whether you prefer the website to create a portfolio for you or whether you prefer creating the portfolio yourself. Opting to have the website create a portfolio will bring you to four simple questions involving your age, investment time horizon and risk tolerance. After finishing the process, MarketRiders.com will provide a breakdown of its suggested asset allocation as well as the performance data on how this particular asset allocation performed for the previous 12 months. The website also provides a description of the focus of the asset allocation (growth, income, etc.)
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