Whenever you invest in multiple mutual funds and ETFs, you may wonder how broadly and appropriately diversified your aggregate portfolio might be. Have your investment holdings and mutual funds that you have chosen increased the global diversification of your personal financial asset portfolio? Do they just duplicate what you already own?<\/p>\n
There is a free on-line tool that you can use to measure your portfolio diversification, and better understand the relative contribution that each of your investments makes to your goal of holding a broadly diversified global investment portfolio. On the Morningstar website, you can find their \u201cInstant X-Ray\u201d tool. Go to the Morningstar site at http:\/\/www.morningstar.com\/<\/p>\n
Click the \u201cTools\u201d tab in the horizontal bar, select the \u201cMorningstar Tools\u201d pull down menu, and then choose \u201cInstant X-Ray.\u201d To go directly to this tool, use this URL:
\nhttp:\/\/portfolio.morningstar.com\/NewPort\/Free\/InstantXRayDEntry.aspx<\/p>\n
To use the Instant X-Ray Tool, just enter the ticker symbols for all of the mutual funds, ETFs, and individual securities that you own or intend to own with the dollar value of each holding. Then, click \u201cShow Instant X-Ray\u201d to see a summary of your overall portfolio.<\/p>\n
Note that when you enter only one mutual fund or ETF ticker symbol or only one stock or bond holding into the Instant X-Ray Tool, the summary provides data for that single fund or security. This can be very useful, as you evaluate individual investment funds and investment securities. When you enter multiple funds, you will get an overview that blends all the funds and securities in proportion to the dollar values that you enter for each holding.<\/p>\n
This free Instant X-Ray summary provides a variety of data about your overall portfolio. The overview allows you to evaluate how diversified your portfolio is on a variety of dimensions, including the major dimensions that are summarized in the other articles on this website about selecting a broadly diversified investment portfolio. (See the Sitemap<\/a> for these articles.)<\/p>\n Incidentally, if you click on the other views that are offered with the Instant X-Ray tool, then Morningstar will try to get you to sign up for a \u201cPremium\u201d subscription. The information provided by this free summary overview in the Instant X-Ray tool is sufficient, and you are not required to pay for a premium subscription.<\/p>\n Note that there is no relationship between this website and Morningstar, and this website did not receive any form of consideration, financial or otherwise, to write this article. The “Instant X-Ray” is a useful financial tool for individual investors, and that is why we have provided this article.<\/p>\n The financial and investment planning postings on this free information site supply important ideas to households about personal finance plan topics that they should consider. These essays help in establishing a lifelong personal finance planning strategy. Furthermore, to generate a fully comprehensive plan for financial success requires that you use a first-rate financial planning calculator with the top investment calculator and the top financial calculators.<\/p>\n Furthermore, this free financial freedom web site helps you to find a superior ALL-IN-ONE home financial software<\/a> home software product with the leading financial retirement planning program, a high quality home budget planner, and a superior investment planner<\/a> for your personally customized life time family financial planning.<\/p><\/blockquote>\n","protected":false},"excerpt":{"rendered":" Gauge the level of your portfolio\u2019s overall diversification with this free on-line tool Whenever you invest in multiple mutual funds and ETFs, you may wonder how broadly and appropriately diversified your aggregate portfolio might be. Have your investment holdings and mutual funds that you have chosen increased the global diversification of your personal financial asset […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"zakra_page_container_layout":"customizer","zakra_page_sidebar_layout":"customizer","zakra_remove_content_margin":false,"zakra_sidebar":"customizer","zakra_transparent_header":"customizer","zakra_logo":0,"zakra_main_header_style":"default","zakra_menu_item_color":"","zakra_menu_item_hover_color":"","zakra_menu_item_active_color":"","zakra_menu_active_style":"","zakra_page_header":true,"footnotes":""},"categories":[2],"tags":[27,50,103,152,153,154,158,162,166,506,225,234,254,305,307,329,347,349,359,368,371,373,374],"class_list":["post-308","post","type-post","status-publish","format-standard","hentry","category-best-investment-strategy","tag-achieving-financial-freedom","tag-best-financial-planning-software","tag-comprehensive-financial-planning","tag-financial-planner-software","tag-financial-planners-software","tag-financial-planning-2","tag-financial-planning-calculators","tag-financial-planning-software","tag-financial-planning-tools","tag-financial-software","tag-investing-calculator","tag-investment-calculator","tag-investment-planning-software","tag-net-worth-calculator","tag-online-personal-finance","tag-personal-finances-software","tag-retirement-calculator","tag-retirement-calculators","tag-retirement-investment-calculator","tag-retirement-planning-calculator","tag-retirement-planning-software-2","tag-retirement-planning-tool","tag-retirement-planning-tools"],"yoast_head":"\nHigh qualityinvestment planning software<\/a> is necessary to generate a fully personalized family financial strategy<\/h2>\n
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Our free “financial freedom guide” personal financial planning website publishes write-ups on how to produce do-it-yourself personal financial plans<\/h3>\n