Tutorial: Draft Portfolio
Here is a short tutorial on how to use the Draft Portfolio feature, happy investing!
Why use Drafts?
We built the Draft Portfolio feature so that you could easily and safely:
- Have a sandbox environment to build a better portfolio
- Experiment with different ways to invest your money (e.g. online opinions, changes in markets)
- Accept Global Predictions recommendations and run the Portfolio Optimizer
- Compare various portfolio strategies
- Create an Order Execution List (list of trades to make in order to get to the new Draft Portfolio)
Creating a Draft Portfolio (using Copy)
The simplest way to create a Draft Portfolio is to use the Quick Actions icon bar and press "Copy" from your Aggregated Portfolio. It will ask you to name the new Draft Portfolio, putting you in Draft Mode, a sandbox environment where you can make any changes to your portfolio.
Tip: When the background is purple you are in Draft Mode!
Creating a Draft Portfolio (from Recommendations)
Another way to create a Draft Portfolio is directly from the Recommendations page. As you see Recommendations that you're thinking about applying to your own portfolio, you can simply click "Add to Draft". A pop-up will appear asking you to create a new Draft Portfolio or add the recommendation to an existing Draft Portfolio. After switching into Draft Mode, you can add any number of recommendations, run the Portfolio Optimizer, or add/remove your own securities.
Tip: you can create an unlimited amount of Draft Portfolios, reset your Draft Portfolio back to your current portfolio, or edit your Draft Portfolio anytime!
Order Execution List
Once you are happy with your new Draft Portfolio and are ready to make some trades, use the Order Execution List tool. Click on the "Get order" icon in the Quick Actions bar. The tool compares your current portfolio to your Draft Portfolio and pulls together a convenient list of trades to execute. Use the links to your brokerages to make your trades, or send the list to your email to execute when markets open tomorrow.