Tuesday, February 12, 2008

Managing Your Stock Portfolio

Sometime ago, a friend of mine sent me an automated e-mail from one of those numerous sites that direct you to invite some other people to come check them out. My first reaction was to delete the mail but on a second thought I decided to open it and went further to click the link attached and behold in it was something I have always craved for.

e-Stock portfolio is something I have always wanted, how you can calculate your stock value instantly without the stress of using calculator and going through Newspaper stock report for the latest figure. It was a problem I needed to solve and very fast.

The closest I got to solving this problem was to create an excel spreadsheet with multiple calculations with different columns for Equity, Purchased Volume, Purchased Unit Price, Date of Purchase, Current Volume, Volume Difference, Current Price per Unit, Unit Price difference, Current Price, Difference and Percentage loss or gain.

My Spreadsheet was alright with columns cross multiplying, adding and subtracting each other. Yet there was still a problem. The problem was I had to input the current price manually to drive the other figures in other to get my current stock value status and that meant getting the latest price from newspaper stock report on a daily basis.

The implication for me was that after a while I got fed up with updating the current price manually and soon forgot about it.

With the new link sent to me I found the solution to my stock portfolio problems. Since I got the link, I have forwarded same to quite a lot of people with some of them showing honest appreciation and referring it to their friends and loved ones. When you find something good you spread it around with so much joy. With the same joy I am introducing the site here for many more people to see, try it out and spread the good news too.

The site is: http://www.investordelight.com/ it is a web based valuation site which enables you to easily track the value of your stock investments in Nigerian stock market. They send daily or weekly valuation alerts to your email, depending on your preference. The e-mail updates are based on the current closing price of each day or week.

You can also log in to their site any time of the day to check your current status based on your created portfolio. This can be done by entering your registered account name (that’s your e-mail address) and password.

The registration process is very simple, fast and free.

You can also convert your report to spreadsheet by clicking on CSV export, view history of a particular equity by clicking on the equity in your portfolio, watch your stock growth in graphical detail and view profit margin history by hitting the “History” button.

Apart from knowing your current status in real-time online, one of the benefits here is that you can actually plan on when to sell or buy a particular equity. Predict to some extent the rise or fall of shares based on the constant detailed information provided specially for you (based on your created portfolio) by this site. It can also assist you in monitoring your broker’s advice.

How they chose their name I don’t know but I can assure you that the information they pass is very “delighting” to the heart.

For readers who are new to stocks you can find useful information in “Stock Market Tips for Nigerians” on Nairaland.

Special thanks to my friend, Festus Adegorite for referring me.

Have a successful week.
Cheers!

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