Getting Started: Creating Portfolio and its Benefits

Table of Contents

 


What’s the difference between a linked and a manually created portfolio?

A linked portfolio allows a seamless updating between your broker account and your Simply Wall St account. Any changes in your investments are automatically updated without the need for manual input.

In contrast, a manual portfolio requires you to input details manually, and any updates must also be entered manually. This entails more effort on your part to ensure that your portfolio information is accurate and up to date.

 


What’s the difference between the New portfolio tool and the old (Legacy) tool?

New Portfolio Tool

The new portfolio tool is an excellent resource for tracking investments and making informed decisions. Its main feature is the ability to link your portfolio directly with your broker. This ensures that all your holdings are automatically added to the Simply Wall St portfolio and stay up-to-date.

Additionally, you can manually create a portfolio by adding your holding details. Currently, we are still working on enabling the import of your complete transaction history for even more accurate tracking.

With our new portfolio tool, you can effortlessly compare the performance of your holdings against the broader market. This allows you to gauge the effectiveness of your investment strategy and make necessary adjustments.

Old (Legacy) Portfolio Tool

The old portfolio tool where you can create up to three types of portfolios, including Watchlist, Holdings, and Transactions. Although there is no linking feature here, you may import your CSV file to create a portfolio. This old version will soon be deprecated and we stopped supporting it as we are progressing with the development of the new Portfolio tool - we highly encourage you to get accustomed to it. You can also learn more about our portfolio development roadmap here.

How would I know if I’m using the New or Old portfolio tool?

  1. In the Portfolios Hub, portfolios created using the New tool are listed first and are categorised and grouped with label “Portfolios”, while those that have been created using the old (legacy) tool are at the lower portion and grouped with label “Legacy Portfolios”.
  2. The default landing page when opening the portfolio is different. One of the obvious differences and one of the key features of the New portfolio is the presence of the chart for the portfolio Performance vs Market.

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NOTE: Only available in the New Portfolio Tool and for certain countries. Click here to see the list of supported countries.

Here are the simple steps to start linking your portfolio:

  1. Make sure to be logged in first to your Simply Wall St Account
  2. Proceed to the Portfolios tab and you should be able to see the option to either link or create a manual portfolio.
  3. Click on the broker search field to type in or select your broker from the list located in the left corner of the page. You can also go directly to the linking page by clicking here.
  4. &You will be prompted with security reminders. Just click on the Continue button to proceed.
  5. Enter the required credentials.

Here's how it is in action:

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How to Create a Manual Portfolio?

Option 1: Using the New Portfolio Tool (Recommended)

  1. Make sure to be logged in first to your Simply Wall St Account
  2. Proceed to the Portfolios tab and you should be able to see the option to either link or create a manual portfolio.
  3. Select “Track your holdings manually” by clicking on the + Create Portfolio button.
  4. Search your stock by typing the ticker or company name. Then, select from the search results accordingly. You can search and add multiple stocks before proceeding to the next step.
  5. Once you have added your stocks, just simply click on the Add button found in the lower right corner of the modal.
  6. nput the number of shares and the average price. The system will automatically save your input and you can click on the Done button to close the modal.

Here's how it is in action:

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Option 2: Using the Old Portfolio Tool (soon to be deprecated)

  1. Make sure to be logged in first to your Simply Wall St Account
  2. Proceed to the Portfolios tab and you should be able to see the option to either link or create a manual portfolio.
  3. Select “Want to track every transaction?” by clicking the + Legacy Portfolio button.
  4. Next, you will be asked to select a name and base currency for your portfolio. Once done, click on the "Next" button.

    Note: If you have multiple currencies in your portfolio, we will automatically convert all the different currencies to the base currency you choose.

  5. Choose the third option, labeled “Portfolio with transactions”.
  6. You can choose how you’d like to start creating your Portfolio. This can be done in 3 ways:
    • Enter the stock tickers manually.
    • Copy and paste from a spreadsheet
    • Upload a CSV file
  7. Once done, select Create in the top right-hand corner to finish!

IMPORTANT: Not all CSV files from brokers are readily available for uploading to our platform, you may need to do some formatting. We highly recommend following this sample formatted CSV file for smoother importing or to avoid any inconveniences. In case your CSV file doesn't conform to the recommended format, you may consider creating a different portfolio type (Watchlist or Holdings) where fewer data and columns are required.

Here's how it is in action:

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What do I get after creating a portfolio?

  • Comprehensive Portfolio Analysis
  • Important Updates and Events
  • Weekly Portfolio Email

Comprehensive Portfolio Analysis

  1. Portfolio Performance and Overview
    • Performance vs Market chart
    • Portfolio Snowflake
    • Portfolio Returns based on predefined period
  2. Benchmarks and Portfolio Key Metrics based on the weights of your holdings
    • Valuation
    • Future Growth
    • Past Performance
    • Financial Health
    • Dividends
  3. Portfolio Diversification
    • Diversification across Industries
    • Diversification across Holdings
    • Geographic Exposure

To learn more about portfolio analysis and calculations, please visit this article Understanding the New Portfolio Calculations & Analysis.

Important Updates and Events Notifications

Get alerted with Important updates happening on individual companies in your portfolio such as Earnings and Dividend updates, recent Insider Transactions, revisions on estimates and many more.

Weekly Portfolio Email

All of the portfolios that you have created, including both legacy and new portfolios, are included in the weekly email. At the top of the email, you will find a discussion of a particular market, (e.g. US) and industry (e.g. Retail). The market is determined by the market in which you hold most of your investments, while the industry is determined by the one in which you have invested the most in your portfolio.

 


Still have questions or need further assistance?

Don't hesitate to contact our support team through our support contact form or email us directly at support@simplywallst.com. We're here to ensure you have the best experience possible.

 

 

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