November 29, 2007

MarketWatch Revamps Stocks Portfolio Tool, Makes Good Use of Ajax

Mark Hendrickson

23 comments »

Dow Jones’ MarketWatch may not display stock information about particular companies as well as its competitors, such as Google Finance, newly redesigned AOL Money & Finance, or even Yahoo Finance, but it has taken the initiative to develop a new portfolio tool that tops them all.

Whereas the others’ portfolio tools are still stuck with clunky interfaces that provide limited information, MarketWatch has developed an Ajax-based tool that enables you to thoroughly compare the performances of selected stocks side-by-side. During market hours, the tool will even update the stocks’ performances - and the investments you have made in them - automatically so you don’t need to refresh the page.

I checked out the portfolio tools of MarketWatch’s competitors (consisting primarily of free services such as those mentioned above) and was surprised to see how primitive they are, especially compared to some of their other financial features. Google Finance, for example, has a great Flash-based, interactive timeline for particular stocks but only a very stripped-down view of stock information when viewed in a portfolio.

MarketWatch’s new tool makes it easy to add stocks to a portfolio, organize them with tags, and view many performance metrics. In one well-laid-out chart, you can track your stocks’ most recent prices, price changes as percentages, price changes within ranges, trade volumes, price charts, and news. You can also see outstanding shares, 52-week highs and lows, market caps, P/E ratios, EPSs, yields, and dividends.

The value of this upgrade is best understood in relation to the other tools out there, so I’ve provided screenshots of the others below.

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  1. Fake Dan Ackerman Greenberg

    First!

  2. Fake Dan Ackerman Greenberg

    U were not!

  3. Fake Dan Ackerman Greenberg

    ooops. forgot to change my username ;)

  4. Pete

    hahaha….classic.

    I don’t have a portfolio on any of these sites, but the new Community Site on Market Watch (http://community.marketwatch.com/) seems kinda disorganized and Lame-O.

  5. Mark Hendrickson

    Wow, nice one 1-3

  6. Pachinko

    Visually, this looks like a fine portfolio tool.

    However, you can’t do a whole lot of analysis based on the tools, which is the key to my preference of a financial tool.

  7. Mark Hendrickson

    Pachinko - which tool is your preference?

  8. David Thomas

    I have been looking for something halfway decent to provide this. This is by far the nicest site I have found. Handles both my US and AU equities in the same screen so very nice.

    One gripe is the sign up process. Would not handle my personal email address. I have a couple of - in the domain name.
    The validation just showed me all possible errors rather than the actual error with my email.

    But overrall very nice

  9. Pachinko

    Mark (#7), I find there to be a lot of good free tools out there in addition to the ones you mentioned in the article.

    Personally, I use the morningstar.com website a lot for analytical purposes as it gives tools to compare past investment results on funds, cash, stocks, bonds and see if the combinations meet my investment goals.

    In addition, Morningstar’s portfolio manager tool was rated best by Barron’s.

    For comparing financial statements (which is a rare tool to find) on companies, one good one I’ve used in the past is shibuimarkets.com.

    Most of the good tools are behind a registration unlike the AOL tool, however.

  10. David

    This is the slickest portfolio or watchlist tool that is out there…. if gmail upped the ante on mail then marketwatch portfolio does the same for portfolio tools out there…

  11. Steve Ballmer

    You guys are right, this is a good use of Ajax, to bad ajax is obsolete. Silverlight has killed Flash, java and ajax!

    http://fakesteveballmer.blogspot.com

  12. Ben Strackany

    Good find Mark. I esp like that you included some pix of competing portfolio tools for comparison, since not everyone (including me) has tried them all out. This’ll also come in handy for planning purposes for the investment-related SNS I’m involved in. ;)

  13. Wayne Mulligan

    I dunno, I guess it’s ok and a good use of technology, but does it serve their target audience? The one thing most people (especially us “techies”) don’t realize is that the majority of their audience is made up of older investors - who are certainly wealthy, but not very tech savvy - which means that sites like Yahoo!, which appeal to the lowest common denominator, will be the most successful in this space. I think simplicity is key here and that’s what we’re going with on TickerHound.com (new finance/investing site that’ll be launching soon)…sorry for the shameless plug guys but it’s definitely relevant to the post :)

  14. Ben M

    You know, Fake Steve Ballmer is so boring and unfunny I’m starting to think it’s the real Steve Ballmer trying to be cool by being “fake”.

  15. Steve S

    I have looked extensively for a high quality portfolio and investment (stocks and mutual fund) analysis/screener and nothing comes close to the ease of use and flexibility of MSN’s MoneyCentral’s “Deluxe” download portfolio and screener. Granted, it requires a download but it is well worth it. Have been using it for 7 years!

  16. Guido

    I’m glad to see MW has updated their site. I used to use them, but then switched to Y! after they started some better Ajax updating. I’ll have to give MW another look now

  17. Alex

    I can second Morningstar’ quality- It’s the ONLY one I’ve found so far that supports DRIP investing, and will let you update the number of shares you own on dividend dates. Yahoo used to do this, but the option quietly disappeared around a year ago.

    I also like Yahoo Finance- The ability to create multiple portfolios and multiple views for each portfolio is extremely handy, it lets me create my own “snapshots” of what’s going on that day.

  18. Thomas

    Very disappointed in changes. I download prices, volume, BID and ASK prices into spreadsheet at end of day. Bid and ask prices are no longer available in down load. Since last price is often meaningless for put and calls, the bid and ask prices are necessary to evaluate a portfolio.

  19. Auston

    Yeah…i dont like that you can ‘add’ any symbol, and it will appear…crappy error handling.

    Also, the new’s feature is kind of crappy. I don’t like the onmouseout event.

    It’s lightning fast response time is awesome though!

  20. Auston

    news*

  21. Marcog

    Guys Sliverlight

  22. Ted

    As I mention in my blog (http://tedyoung.blogsome.com/), MW’s new portfolio has no import feature, so how is one supposed to switch? It looks like it was created by designers with little thought on how such tools are really used, or maybe at a completely different audience than the one I would expect from MW users.

  23. Coolpop

    MarketWatch - yes, has totally fucked up their portfolios. I had used them for years. The new version does NOT import the old accurately, so all my data was scrambled. And it’s a confused jumble instead of the simple straightforward previous version, which allowed for an array of timeline charts. It’s a Microsoft sort of thing - what a technie nurd would think a portfolio should be without having ever actually used one.