A Free Tool for Deciphering Your Investments' Asset Allocation


Photo: Doc Trader

Suppose you and your spouse each have a retirement account, but yours is at Fidelity and your spouse’s is at Vanguard. How do you know if your combined portfolios are invested properly to meet your goals?

A free online service called LikeAssets makes it easy to see your combined investments and asset allocation. It can also show you the combined asset allocation of multiple college savings accounts and other investment accounts so you can make sure you've chosen the correct investments for goals with different time horizons.

I’ve written before that most people don’t earn very good investment returns because of fear and risk aversion. Research shows that we underperform the market over the long run, and that we manage to lose money even when the stock market shows gains.

If you’re like most people, you’re one of these underperforming investors. LikeAssets provides a bit of insight that might help you improve. Read my complete review in my Interest.com article, Service keeps tabs on your many investment accounts.

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