New Functionality

Fidelity said this in today’s post in the Fidelity Investor Community: “We just dropped some new performance page features on Fidelity.com that we want to share today.” I went to explore the features. The reason is simple. If I use the default “all accounts” our results are “contaminated” with data from the UTMA accounts, Cindie’s brother’s account, and a couple of accounts I oversee for a friend. I want to see just the true “Winquist” data. Furthermore, I can now separate Cindie’s accounts to see them separate from mine if I want to evaluate the results of her investments.

Here are the three enhancements: 1) Choose your own time frame; 2) Create custom groups; and 3) Add external accounts. I used both ‘1’ and ‘2’ this morning. The following are the three taken from the announcement.

1. Choose your own time frame

You can now view your account(s)’ time-weighted performance within a custom time period. Here’s how: scroll down to the “Total Returns” card, select “See All,” choose “Custom” under “Frequency,” then enter the start and end dates. These dates also apply to the indexes you have displayed on the page for comparison.

2. Create custom groups 

Want to see only how your retirement accounts are doing? You can now group your accounts to view their combined performance. Your custom groups will be saved so you can easily check back on them in the future. To create a group, choose “Select accounts” at the top of the page, then “Add custom group.” If you had created any groups in the legacy experience, those will be carried over.

3. Add external accounts

You can add external accounts to see your overall exposure to different asset classes and investment styles. After selecting “Manage external accounts,” choose a custom asset allocation or enter individual positions for them.

Investment Income

One of the things I want to see is growing income from our investments. I call that type of income “Easy Income” because it requires no effort. The following graph is from the performance page showing only the income for the eight “Winquist” accounts at Fidelity. The average income of $70K has little value, but the upward climb of dividend income is of importance.

Setting It Up

The following images show how I created and used the “Winquist Accounts” group.

Recommendations

If you don’t measure performance then you are overlooking opportunities to either adjust your investments or to just stay on the quality investment course and not think about the market’s ups and downs. It is best to just let good investments continue to perform over your investing life. Rebalancing is generally not a very good idea. That is one reason I abhor “Target Date” mutual Funds or “Retirement Date” funds.

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