Openfolios Tune Up tool analyzes your assets and tells you if youre making any of these mistakes.
Wevetold you all about Openfolio before.
They compare your portfolio with other investors to see how you stack up.
By not diversifying into funds and ETFs, they were less invested in the broad market.
They held too much cash and so were under-invested.
These are pretty standard mistakes, but based on their findings, they designed a tool called Tune Up.
That sounds like a mouthful, but its pretty standard.
With the diversity score, they started with a standard calculation called theHerfindalindex.
But they simplified it to range from 0 to 100.
If you diverse across assets classes or regions, your score will approach 100.
As for security, Openfolio uses bank level security, and a read only connection.
you could check out more about their securityhere.
And to check out the tool itself, use the link below.