Jeremy Biberdorf
By: Jeremy Biberdorf
29 Feb, 2024

Portfolio123 Review 2024

Jeremy Biberdorf
By: Jeremy Biberdorf
29 Feb, 2024


Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
Disclosure: This page may contain affiliate links. This means we earn a small commission (at no additional cost to you) if you purchase a product through our links.
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4.5 rating based on 5 ratings

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In a Nutshell: In an era where data-driven decision-making is paramount, Portfolio123 offers a comprehensive suite of tools for individual investors. This platform stands out for its ability to blend sophisticated investment strategy development with intuitive ease of use.

Whether you’re a long-term investor looking to refine your portfolio or an active trader in search of powerful analytical tools, Portfolio123 provides a robust environment for exploring and executing complex investment strategies.

Service TypeFees
Investment Strategy PlatformVariable
Pros & Cons
  • Access to high-quality FactSet data for in-depth analysis.
  • Cloud-based network that does not require software downloads.
  • Ability to create and backtest custom investment strategies.
  • Offers both pre-built and customizable stock screeners.
  • Integration with Interactive Brokers for direct trading.
  • Support for complex formulas and technical indicators.
  • Active user community for sharing strategies and insights.
  • Educational resources for both beginners and advanced users.
  • Flexible pricing plans catering to different user needs.
  • Steep learning curve for new users unfamiliar with technical analysis.
  • Some advanced features may require a higher subscription tier.
  • Limited real-time trading capabilities without brokerage integration.
  • Predominantly focused on the US, Canada, and European markets.

What is Portfolio123? website

Portfolio123 is a pioneering fintech platform that democratizes access to advanced investment strategy development tools once reserved for professional traders and financial analysts. Launched in 2004, it has evolved into a comprehensive ecosystem where investors can research, simulate, and manage custom strategies based on a wide array of financial data points and technical indicators.

The platform’s core lies in its ability to empower investors to take control of their investment process, silence market noise, and learn from historical market data to make informed decisions.

Portfolio123 Overview

Rooted in the philosophy that active management and stock picking can outperform market averages, Portfolio123 provides a suite of tools that cater to the needs of devoted investors and traders. From customizable screeners and model portfolios to an advanced strategy optimizer, the platform offers a blend of mathematical rigor and real-world applicability.

With a commitment to transparency and education, Portfolio123 stands as a beacon for investors seeking to navigate the complexities of the financial markets with confidence and precision.

Learn More About Portfolio123

How Portfolio123 Works

Portfolio123’s approach to investment strategy development is both methodical and user-centric, designed to accommodate varying levels of expertise and involvement in the investing process.

Strategy Development

Users can create custom strategies using an extensive library of financial metrics, technical indicators, and custom formulas. The platform’s flexible environment supports the development of both simple and complex screening strategies.

Backtesting and Simulation

The powerful simulation engine has 10 years of historical data access, which allows users to backtest strategies using historical data, providing insights into how a strategy might have performed in the past. This feature is crucial for refining strategies and understanding potential risks and returns.

Portfolio123 Features

The platform’s feature set is designed to support a comprehensive investing process, from idea generation to execution.

Comprehensive Data Access

Leverage FactSet’s high-quality data for detailed analysis of stocks across various markets, ensuring informed decision-making based on reliable information.

Customizable Screeners

Build custom stock screeners with a mix of fundamental and technical criteria to identify investment opportunities that align with your strategy.

Advanced Analytics

Utilize advanced tools like the strategy optimizer and ranking method to fine-tune your investment approach and identify key drivers of performance.

Community Insights

Engage with an active community of investors to exchange ideas, strategies, and insights, fostering a collaborative learning environment.

Who is Portfolio123 Best For?

Portfolio123 caters to a broad audience, from retail investors seeking to manage their portfolios more effectively to seasoned traders developing intricate trading strategies.

Individual Investors

Those looking for a data-driven approach to managing their investments will find Portfolio123’s tools invaluable for creating and testing custom strategies.

Technical Analysts

Users with a penchant for technical analysis will appreciate the platform’s support for complicated formulas and technical indicators, enabling detailed market analysis.

Strategy Developers

Investors interested in building and optimizing custom strategies will benefit from the platform’s comprehensive backtesting tool and simulation engine.

Empowering Your Investment Strategy

Portfolio123 goes beyond mere stock screening, offering tools that enable investors to develop, test, and execute strategies with a level of sophistication typically reserved for professionals.

Custom Formulas and Screening

Craft intricate screening criteria using custom formulas to filter investment opportunities that meet your exact criteria, enhancing your investing process.

Strategy Optimization

Use the strategy optimizer to refine your investment approach, testing different variables to identify the most effective strategy for your trading style.

Real-World Application

Through integration with brokerage accounts like Interactive Brokers, implement your strategies in the real market, bridging the gap between simulation and actual trading.

Final Thoughts

Portfolio123 stands as a testament to the power of technology in democratizing advanced investment strategy development. Its blend of comprehensive data access, customizable tools, and an engaged community offers a unique ecosystem for investors to explore, develop, and execute strategies with confidence.

Whether you’re a novice investor or a seasoned trader, Portfolio123 provides the resources and support to navigate the complexities of the financial markets effectively. Click here to start your journey with Portfolio123, and unlock the potential of data-driven investing.

Frequently Asked Questions

Portfolio123 offers seamless integration with Interactive Brokers, allowing for direct execution of trades based on your custom strategies.

While Portfolio123 provides powerful tools for investment strategy development, newcomers to investing might face a learning curve. However, the platform offers educational resources to help users acclimate.

Portfolio123’s backtesting tool is among the most comprehensive in the industry, allowing for detailed analysis of strategies over extended historical periods using point-in-time data.

While Portfolio123 excels in strategy development and backtesting, its focus on longer-term strategies may not cater directly to the needs of day traders seeking real-time trading capabilities.

Portfolio123 primarily focuses on the US, Canada, and European markets, offering a wealth of data and tools tailored to these regions.

Portfolio123 distinguishes itself with its depth of data, customizable tools, and emphasis on education and community, positioning it as a comprehensive solution for individual strategy development.

Yes, Portfolio123 hosts an active community where users can share and discuss strategies, providing a collaborative environment for learning and strategy refinement.

Both retail and professional investors seeking to apply rigorous, data-driven analysis to their investment decisions will find Portfolio123’s tools and resources highly beneficial.

Jeremy Biberdorf

About the Author:

Jeremy Biberdorf is the founder of Modest Money. He’s a father of 2 beautiful girls, a dog owner, a long-time online entrepreneur and an investing enthusiast.