Managing Your Portfolio Holistically: Recommendations From a Long-Term Investor

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If you are looking to grow your portfolio over longer periods, you need to define an investment strategy. This is based on your investment horizons as well as your objectives.

What do you want to achieve with your investments? Some people strive for a pension, while others invest to attain a desired large purchase (e.g., a sailing boat) or simply look for short-term gains. Your investment strategy should be tailored to this.

Next to that, you need a proper way to manage your portfolio. A good way to do so is by using a portfolio tracker

1. Having insight into your portfolio

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Once you have defined an investment strategy, you need to make sure you have proper oversight. Typically, people have their assets allocated in different accounts. Ranging from bank accounts to brokers and crypto wallets, you could easily have a dozen.

In the past, people would turn to spreadsheets to integrate it all. While it is possible to have an overview of all your investment with (most of them) stock information available in real-time. However, you do need to manually add transactions as well as dividends. Luckily, technology came to the rescue and dedicated portfolio tracker applications have been created.

2. Integrate all your holdings into a portfolio tracker

Using a portfolio tracker, you can directly integrate with brokers. This happens through the use of APIs, which only send specific data attributes through a secured connection.

You can also integrate crypto, making it a full-fetched crypto tracker as well. You can add Public Keys to your wallets, and have a holistic view of all your coins. This also allows you to continue to stake and participate in the consensus mechanisms. You will see your holdings grow automatically!

3. Create different portfolios in your tracker

Now that you have integrated all your holdings into the application, it is time to align them to your objectives.

Within the tracker, it is possible to create portfolios. These are simply groups of stocks and holdings combined. This allows you to cluster the stocks and track them with certain Key Performance Indicators (KPIs). These differ per cluster as the nature of the stocks differs.

For example, growth stocks typically grow faster but do not pay-out dividends. To see if they indeed grow faster than your traditional blue-chip stock, it makes sense to cluster them. Through these insights, you can see how your portfolio is performing and adjust where needed.

4. Other helpful features in a tracker

Other helpful features in a tracker

As a long-term investor, you do not want to be bothered with daily market fluctuations. Instead, you want to know when specific market changes happen or when the quarterly results of a company you own are out.

You can set up push notifications that enable you to receive this information, without the need to continuously check the tracker. This is helpful as it limits your emotionally-based decision-making and thus helps you reach your long-term investment strategy.

This is key as the most important obstacle to reaching long-term wealth is emotional decision-making.

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