I am a believer of the couch potato investment strategy: choose asset allocation and stick to it and periodically rebalance. I am managing my accounts and also my wife’s accounts: there are going to be 7 accounts in total (2x RRSP, TFSA,non-registered accounts, plus one spousal RRSP). I am treating the accounts as one family portfolio. Rebalancing is going to be painful and I am not going to do it unless it is easy! Hence I updated my Questrade API nodejs wrapper to include a simple script to list position of all the accounts. For example:
SYMBOL CURRENT MARKET VALUE OPEN QUANTITY CURRENT PRICE AVO.TO 2996 200 14.98 VIU.TO 13769.2 580 23.74 VXC.TO 8625 300 28.75
See example/portfolio_checker for code.
This is the first step in rebalancing my family’s portfolio. The next step is to take target asset allocation percentages as input and then actually calculate how much to buy and sell each stock.