The concept of a financial dashboard is easy to understand, but does it work? Many people have a notion that a dashboard will show them the benefits of stock investments and that they can go online and find stock trading software to do this for them. Well, this is not the case.
A financial dashboard can work for you if you use the right formula and templates. Using your own excel template to track and analyze your portfolio, however, is one way to go. The internet offers hundreds of free financial dashboards for use on your website.
These charts are well designed, allowing you to create a visual representation of how your portfolio has done over time. They are also very simple to make, using basic Excel functions and formulas. You can easily build a dashboard for yourself or as an educational tool for students.
One of the most popular is a simple graphic chart that includes the historical price action of stock prices. It allows you to see how your portfolio has performed over time and how you are doing in comparison to others who use the same type of portfolio. The price is calculated using the total market value and average rate per share.
If you are tracking your portfolio using an online calculator, you will be able to compare it with the accurate information found in the charts. To add a dashboard, you need a template, an easy to read code that can be accessed through a web browser or a third-party tool. This way you can share your dashboard with your family and friends and expect them to start following your moves.
It is up to you whether you choose to go online and find financial dashboards or buy them for free, either way, you will need to create your own Excel template that will display the data most clearly and concisely. Of course, the main purpose of a dashboard is to show you trends in your portfolio and how it is doing, but the easier it is to understand, the more likely you are to keep it.
A financial dashboard allows you to see the information at a glance, helping you stay focused on your investment decisions. The bottom line is that if you want to track and analyze your investments using an easy to understand the graphical chart, you can find free dashboards online. Just make sure that it includes all the key facts, as well as some relevant graphs and information.