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ELECTRONIC INVESTOR | Keeping Current on Currency Trading | |||||||
| March 7, 2005 | By THERESA W. CAREY, KATHY YAKAL | ||||||||
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AFTER YEARS OF WAY TOO MANY me-too sites, we're seeing more creativity from investment Website developers. Portfolio123.com (www.portfolio123.com) is one example. It presents several model portfolios that are created using trading systems that assign ranks to stocks, which then trigger buy and sell signals. The trading systems incorporate criteria like fundamental ratios and technical signals, weighted to accommodate different investing styles like Diversified Low-Priced Growth and Technamental Small-Cap Monthly Rebal(ance). Portfolio123 rebalances the models on a weekly or monthly basis, and issues buy and sell signals before the Monday market open. Comprehensive, multiple views of each portfolio lay out characteristics like holdings, performance and trading system. You can also create your own portfolios. Each can be back-tested, and you can run simulations to see how specific trading systems would have fared over the past year. The site's screening tool is both its strongest and weakest link. It can stand up to the best screeners on the Web in terms of the flexibility and depth of its variables, and it lets you customize the output report, selecting from dozens of variables. But its data-entry tools could be friendlier. Some features are free; subscriptions range from $19.95 to $99.95 a month. |
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Portfolio123 allows investors to set up stock lists, based on fundamental and technical criteria, and then issues buy and sell signals. |