Wikinvest is a free website that allows users to post, read and discuss financial information. The site recently launched a portfolio tracking tool that can download your financial information from brokers and banks. The creators' goal was to develop a tool that would eliminate manually entering portfolio data and combine multiple accounts into one location.
To use the tool, you first register with the site and then input your login and passwords for the brokerage and bank accounts you want to add. The site pulls the relevant data from the financial firms into its portfolio tool. You can see how your portfolio is performing over various timeframes, read relevant portfolio news and see a list of fundamental data for each security. You can also create custom views.
The portfolio tool supports ETFs, stocks and mutual funds and updates price information in real time. Your portfolio performance is measured against the S&P 500 and the Dow Jones industrial average over numerous time periods. In addition, you can view aggregate portfolio statistics like price-earnings ratios and return data.
Clicking on a ticker symbol takes you to the Wikinvest page for the security. Data for individual securities includes a detailed analysis written by site contributors, a price and volume chart, current news on the company and a summary of financial statement data. The company analysis typically includes a brief history, current market and company conditions, future prospects and competitive analysis. Source references are listed as well.
Wikinvest's portfolio tool also has the ability to send personalized e-mail alerts about the stocks held in your portfolio.