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Post by Deleted on Jun 16, 2022 11:05:06 GMT
Checked my M* portfolio manager this morning and found it replaced by an ad stating it will be phased out, along with most other free services that had any value like Instant Xray and fund quickrank. You will need to subscribe to access this information in the future, the current offer is $50 off the $249 annual subscription rate.
Does anyone have a good free site alternative to M* Portfolio Manager...or should I just start building my own spreadsheets?
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Post by chang on Jun 16, 2022 11:53:38 GMT
PM was my last connection to M* … now I guess it’s time to cut the cord completely. I too am interested in finding a replacement (free) site.
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Post by Chahta on Jun 16, 2022 11:55:51 GMT
On the other hand I’ve used it free for so long maybe I need to buy in to keep using it. But free would be better. The problem is the history I have. There will be no replacing that.
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Post by racqueteer on Jun 16, 2022 11:58:38 GMT
T. Rowe Price somehow has had access to M* PM data in the past. Don't know how they will be impacted by this, but may be a workaround. I've had access to everything after dropping my subscription; so maybe that continues to work?
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Post by nromsted on Jun 16, 2022 12:27:48 GMT
I took a brief look at the M* new product this morning, and I don't think it will work for me. So yes, it's time for me to move on. I've been a subscriber for over 20 years. I'm going to check out Google Finance, and Yahoo Finance this week to see what they offer (and at what price). I am a "watchlist" user, since I already keep all my transaction records on a spreadsheet - so my needs are pretty simple.
I think what I will miss the most is that I have customized the "views" in the M* portfolio manager, so I'll be looking for features like that. Also, the portfolio holdings detail available in M* seems to be unique. I can replicate much of the useful features of X-Ray for my needs, but that will take work.
I already know my Vanguard account meets my basic needs, and I can get free and (more) timely price updates on-line from many sources.
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Post by Schroeder on Jun 16, 2022 13:17:17 GMT
I subscribe to M* and today I can't log on. Their service has been gradually slacking off for a long time so I have been looking for another finance site. So far Yahoo seems to be a good one and easy to use. Google sheets has great functions with info on a 15-20 minute delay but since they are free they can take it away anytime. I'll watch these posts to see what other ideas are out there.
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Post by oldskeet on Jun 16, 2022 13:26:35 GMT
I liked and used a lot of the features of portfolio manager. It is ashame it will be no more come September 30. I will now request monthly portfolio and investment reports from my RIA in addition to the monthly statement reports that he sends. Bye, bye M*.
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Post by win1177 on Jun 16, 2022 13:40:51 GMT
I just posted on Armchairinvesting about this issue. Interested in sites that others use to track their portfolio, get a “basic look” at their portfolio, etc. not sure if I will start subscription back with Morningstar.
Win
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Post by Chahta on Jun 16, 2022 13:42:57 GMT
Saw this option at the MFO website. |
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Post by Deleted on Jun 16, 2022 13:55:08 GMT
I have been using Fidelity's watch list feature, quotes last traded price, NAV, performance, etc.
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Post by Deleted on Jun 16, 2022 13:56:33 GMT
Many unanswered questions. Will paid access to Portfolio Manager be "ad free", or will half my smartphone screen by taken up by ads like it is now? Will it even work without authorizing "account aggregation" where Morningstar needs ID and password information for brokerage accounts?
Honestly, I'm afraid to even try the free trail.
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Post by javajoe on Jun 16, 2022 15:10:01 GMT
Interesting and disappointing, but not at all surprising. Over the last 10 years they have moved more and more away from retail B2C and towards B2B which I'm sure is much higher margin. I use consolidated Fidelity views for all my real history/values, but M* Portfolio Mgr was actually still a pretty good way to track a variety of watch lists, especially if you Customized different views for different purposes and/or asset classes, which I had done over the years (15+) and still found helpful vis-a-vis other options that may have been similar but not as quick/easy, especially given the ability to have numerous lists and numerous views with quick and easy sorting.
I still think overall M* leadership and adaptive innovation will go down as one of the most colossal "misses" in the last 20 years.... they totally had first mover advantage AND were the best in the new information age of investing and squandered both. ("be first, be the best, or be different")
-JavaJoe
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Post by Deleted on Jun 16, 2022 19:40:44 GMT
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Post by Mustang on Jun 16, 2022 21:01:54 GMT
I've been a paying subscriber to Morningstar for over 20 years. Portfolio Manager is about the only thing I use. Morningstar Investor is not the same as Portfolio Manager. If its there its hidden but I could not find "My View." That and sustainability seems to be their primary focus. I'm going to quit.
P.S. I wonder what type of customer they are targeting.
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Post by Chahta on Jun 16, 2022 21:23:40 GMT
"I wonder what type of customer they are targeting?"
One that will pay I think. At what point will they make us pay to use their Quote and research function?
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Post by fred495 on Jun 16, 2022 21:31:07 GMT
Thanks, Frank. Nice summary of how to access their legacy fund reports. That's about all I use M* for these days. But, as you say, who knows for how long these reports will be available. Fred |
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Post by alvinthechipmunk on Jun 16, 2022 23:26:43 GMT
TRP provides the premium Morningstar to me for free, since I hold X dollars with TRP. I won't jettison the thing. But it's surely a pain in the ass. I find the Analyst reports to be milquetoast, but sometimes there is a remark worth noting. I like to compare their Fair Value estimates with Simply Wall Street and Barron's. "Simply Wall Street" will let you hold a portfolio for free, even multiple portfolios. But access to new info about stocks----- even the ones in your portfolio there--- are limited to five hits per month. Beyond that, you pay. You can hold a Watchlist separately, too. You get unlimited looks at what's in your portf and watchlist, but apart from daily price changes, which are auto-updated, new current info is limited, unless you pay. Check it out, maybe?
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Post by win1177 on Jun 19, 2022 1:51:56 GMT
I subscribed for about 48 hours, the new “portfolio manager” is TOTALLY WORTHLESS! They took away a large number of the good data, left it with a very poor excuse for the old system. Obviously customer service is NOT a priority at Morningstar! Will be looking elsewhere, after I unsubscribe on Monday.
Open to suggestions for free sites to try.
Win
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Post by yogibearbull on Jun 19, 2022 2:14:21 GMT
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Post by Deleted on Jun 19, 2022 4:32:24 GMT
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Post by ignatz on Jun 19, 2022 5:51:00 GMT
I've used Morningstar portfolios for I guess 20 years and currently have about 80 tickers spread across maybe a dozen "watch list" type portfolios.
The portfolio views have become very convenient and I've become too accustomed to them. I've never regarded any of the data as gospel, but I have unfortunately been lulled into complacency.
I suspect I can get most anything I need from a combination of Fidelity tools and the occasional Yahoo.
But.....one thing I would miss is the X-ray function to get a semi-accurate (?) estimate of value/growth tilts, capitalization and sector weightings, and geographical breakdowns.
Is there anything vaguely similar to X-ray out there? Fido may have something, but I have not drilled deeply into it yet.
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Post by fishingrod on Jun 19, 2022 11:21:58 GMT
I subscribed for about 48 hours, the new “portfolio manager” is TOTALLY WORTHLESS! They took away a large number of the good data, left it with a very poor excuse for the old system. Obviously customer service is NOT a priority at Morningstar! Will be looking elsewhere, after I unsubscribe on Monday. Open to suggestions for free sites to try. Win
I noticed that there is no prorated refund on subscriptions now. Let us know how the unsubcribing goes.
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Post by Deleted on Jun 19, 2022 13:15:58 GMT
Someone on another forum stated premium memberships only accounted for 1.5% of Morningstar revenue.
If you think Morningstar cares what any of us think, I think you are probably mistaken. The message I think is loud and clear is providing services to individual investors is no longer a Morningstar priority.
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Post by Chahta on Jun 19, 2022 13:44:36 GMT
It appears the Fund Screeners will disappear too.
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Post by bizman on Jun 19, 2022 15:25:20 GMT
I subscribed for about 48 hours, the new “portfolio manager” is TOTALLY WORTHLESS! They took away a large number of the good data, left it with a very poor excuse for the old system. Obviously customer service is NOT a priority at Morningstar! Will be looking elsewhere, after I unsubscribe on Monday. Open to suggestions for free sites to try. Win As a subscriber who will lose Portfolio Manager, with 4 brokerage accounts to keep track of, I have set up a portfolio on Yahoo Finance for daily tracking. We will see how it does in terms of the data feed and updating during the trading day. I am also interested in other alternatives, both free and not. But I do know what I don't want: one of those trackers that requires access to your brokerage accounts in order to consolidate your data. To me, this is an invitation to a hack. I would rather start a new career as a human cannonball than do that. So yes, I'm looking for others' experiences with alternative sites and tools, too. |
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Post by roi2020 on Jun 20, 2022 3:17:08 GMT
<snip> But.....one thing I would miss is the X-ray function to get a semi-accurate (?) estimate of value/growth tilts, capitalization and sector weightings, and geographical breakdowns. Is there anything vaguely similar to X-ray out there? Fido may have something, but I have not drilled deeply into it yet. You may want to check if your local library system subscribes to M* Investment Research Center. Portfolio X-Ray is one of the tools available herein. |
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Post by FD1000 on Jun 21, 2022 3:46:48 GMT
As a momo trader, PM is the best. It's the only place I can make my own view, add all fund OEFs and drumroll...watch 1 day, one week, one month, 3 months, YTD, 1-3 years performance DAILY + other choices. There isn't any other site, I can get it on one page. See below my EM bonds. Attachments:
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Post by Deleted on Jun 21, 2022 11:47:38 GMT
As a momo trader, PM is the best. It's the only place I can make my own view, add all fund OEFs and drumroll...watch 1 day, one week, one month, 3 months, YTD, 1-3 years performance DAILY + other choices. There isn't any other site, I can get it on one page. See below my EM bonds. So you are going to pay $245 (or whatever) to keep it? |
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Post by FD1000 on Jun 21, 2022 11:51:00 GMT
I never paid a penny and never will
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galeno
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Post by galeno on Jun 21, 2022 16:09:47 GMT
I've been using an app called "Investfolio" for the last several years.
My spreadsheet is my "gold standard".
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