Investing in the stock market for the first time is intimidating, but it doesn’t have to be. Few years ago, if you wanted to start investing, you might have called a full-service broker on the phone who charged outrageous fees just to make a trade..
As a first-time investor, even if you understand how the stock market works, you might not know how to play the market wisely.
Your portfolio might include any combination of financial assets: stocks, bonds and mutual funds, to ETFs, 401(k)s and IRAs. Keeping track of all these assets can be a challenging, if not a daunting, task. Unless you’re happy just winging it (and you should not be happy just winging it), it’s important to know what’s going on with all your investments, all the time—not just once a year when you get your tax forms in the mail.
Luckily, there are apps designed specifically for novice investors — the technology is simple to understand, yet the features are comprehensive. These apps not only facilitate stock purchases, but they can help compare fees, offer investing suggestions, analyze mutual funds, aggregate net worth or even track cash flow.
MYOBeta will provide a real number (Beta) which can be compared to your current investments or help you in selecting your investments, such as which 401k fund is appropriate for you.
If you are looking to understand the value of your mutual fund portfolio and understand more about the amount you would need to meet your financial goals, then there is a better way to access the information. You wouldn’t need the assistance of a calculator or an excel sheet too. MYOBeta help you to match your Beta with the one that is closest to yours
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