Spring-cleaning for your financial house

Five simple strategies will get your financial papers organized. Now's your chance to end the chaos forever.

Portfolio Jumble
Portfolio Jumble
Problem: Your investments are so scattered, you can't see the big picture
Time Involved: Setup: 15 to 30 minutes to input portfolio information.
Upkeep: A few minutes to add or delete holdings as needed

The Fix:
Perfect timing: Most likely you've gathered all your brokerage and fund statements together to do your taxes. Don't file them away yet. Instead, go to morningstar.com and enter the data for each of your stock and fund holdings in and outside your 401(k) into the Portfolio Manager tool. (If you've already entered this info on Quicken or a similar program or Web site, you can import the data instead.)

The tool allows you to track the performance of each of your investments and analyze your portfolio (the Instant X-Ray feature, for instance, will show your overall asset allocation). Being able to see all your investments in one place will make it easier to spot trends.

Are some of your energy or small-cap funds starting to take over your portfolio? You'll know and can take action - rebalancing, say, if the allocations are too far out of whack. That's something an out-of-date statement from one of your many mutual funds will never do for you.


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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.
Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.