Saturday, March 23, 2013

SigFiguring It Out

Members Present: Brian & Yousef, Diagonals at Odds.

We signed up for a few stock analysis sties, StockRover and SigFig, just to see what they're all about. Both can link to your brokerage account, but SigFig has a really nice interface and some snazzy IOS apps. Stock Rover makes my eyes hurt, but on the other hand it does do sector weightings, which may be important.

We also talked about the Dow Jones might not be the best way to assess how the market is doing overall. The basic problem is that the Dow is not weighted for Market Capitalization, which means that companies may be over- or under-represented in the index. For more information take a listen to this Planet Money podcast. So the question becomes what is a better gauge of the market as a whole?

Next week, we will play with SigFig some more, and see about our next move.

Profit!


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