Why the trading records at your broker will not help you trade better

A Portfolio Management Software Solution should be designed to assist the money manager in growing his or her business by helping them make the right decisions in a timely and accurate manner, which is the major drawback if vital trading information is tied up with your broker rather than being available to you 24 hours a day. This why you should consider using some Portfolio Management Software. A Software Solution should incorporate time-saving features important to professional money managers, such as broker/dealer data interfaces, batch reporting, portfolio re-balancing, fee billing and client contact management. Portfolio Management Software allows you to maintain complete records of all portfolio transactions, periodically value your portfolios, track investment cost bases, compute investment return on investment (ROI) performance, and generate reports and graphs. Return On Investment (ROI) measures provide you with feedback on your investment selection and timing, allowing you to fine-tune your investment methodology to achieve improved after-tax returns. ROI's can be computed for individual securities, groups of securities, portfolios or groups of portfolios, before and after taxes and before and after commissions and fees. Good Portfolio Management Software can simplify capital gains reporting, lower tax accounting costs, and can reduce your capital gains taxes. The software should also offer you a high level of flexibility to construct reports to meet your needs. Selecting from hundreds of data fields and report templates, with many of these systems you can construct an almost limitless variety of reports, including reports with integrated graphics. High end versions of Portfolio Management Software tend to offer even more reporting power such as the ability to generate reports containing data merged from multiple accounts and batch generation of reports ready for fax or e-mail dissemination. With many systems price quotes and other data can be down-loaded from a variety of web-sites using integrated download modules. These include "free" current and historical quotes, and price quotes from a number of international web-sites. Most systems allow all commonly used numeric and date formats, including optional 4-digit year input and display. Some systems even allow multi language reports and support multi-currency portfolios and also offer optional data encryption for privacy protection. James Ramsay is a Private Trader and the developer of OTrader Investment Portfolio Management Software. Get a free 20 day trial and get your position sizing and trade management under control. portfolio-management-software.otrader.com.au