I am not a seasoned or experienced investor. I do have accounts with well known brokerages, one with a transferred 457 plan and one with a small Roth IRA.
I have been using a Quicken alternative for a little time, which works well for day to day banking, but for my portfolios - it gets a bit messy and the support is poor.
I have just downloaded the trial - checked it out but deleted while I ask some questions.
The first is security. I had to enable third party account info availability (I type in all transactions currently) at the default brokerage. I don't know if this can be answered here but - when fund manager accesses an online portfolio, does the brokerage recognize that it's from the same computer the customer uses? Bear with my paranoia please
The program looks more daunting than the one I use right now but not overly expensive for ease of transactions.
Am I right in saying that when I purchase stock, I just download the portfolio again and the new stock shows up?
Finally, I was a little confused about choosing the "cash" account on importing the default portfolio. Does this mean the cash in hand/money market ? When I chose that - it didn't seem to set up the account as shown in the video.
Appreciate your patience with these questions.
Edit: I did get through to my main broker whose customer service told me that access is done via OFX "files" and no actual changes can occur through this access - so I may have answered my first question..