You need tools that your bank will never provide

Your bank won’t provide these tools, because it wants you to trade (i.e. buy or sell) as often as possible, and not necessarily manage your portfolio better.

  • The more you trade, the more the bank will earn (through commissions).
  • The better you manage your portfolio, the fewer trades you will make, and the more you will pay attention to management fees, so the less you will buy managed funds. You will buy ETFs instead, for which your bank will earn much lower commissions.


Unless you are a professional trader, you don’t need complex tools to manage your portfolio. Simple Excel tools are enough to get started, and you can download the tools that you need on the MyMoneyWorks platform. The service is free of charge for Discovery members.