Retirement Planning For Dummies by Matthew Krantz

Author:Matthew Krantz
Language: eng
Format: epub
ISBN: 9781119627623
Publisher: Wiley
Published: 2020-02-11T00:00:00+00:00

Putting your entire portfolio to the test

Morningstar is a powerful tool for analyzing your individual funds. But looking at individual funds is only part of the job of building a solid retirement plan.

Think of your portfolio as an orchestra, with you as the conductor. You audition the separate musicians and get the very best person in each chair. You assemble top brass players, seat them next to the best percussionists, and throw in some world-class woodwinds, too. But that doesn’t mean the orchestra as a whole will sound great.

The same idea applies to your retirement portfolio. You need to consider how all the funds work with each other. As you might imagine, analyzing a portfolio can be complicated, requiring higher-level statistics. Luckily, Morningstar does the work for you. Its Instant X-Ray tool (www.morningstar.com/portfolio-manager) crunches all the data about your portfolio and tells you how you’re doing. Here’s how:

Log in to Instant X-Ray at www.morningstar.com/portfolio-manager.

You may need to create a free Morningstar account to launch Instant X-Ray.

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