Managing your money

By Gibbons Burke
January 2000

Abstract / Introduction:

Money management is like sex:  Everyone does it, one way or another, but not many like to talk about it and some do it better than others. But there’s a big difference: Sex sites on the Web proliferate, while sites devoted to the art and science of money management are somewhat difficult to find.

There are many, many financial sites on the Web that let you track a portfolio of stocks on a glorified watch list. You enter in your open positions and you get a snapshot, or better yet a live, real-time update, of the status of your stocks based on the site’s most recently available prices. Some sites, like Fidelity’s, provide tools that tell you how your portfolio is allocated among various asset classes  uch as stocks,mutual funds, bonds and cash.