I recently tripped upon this series of articles and it got me to thinking that I should be using every tool at my disposal:
So I'm looking for reasonably priced software that will enable me to use modern portfolio theory to determine the asset mix that will provide the least risk for a given rate of return. Years ago I bought a program called "Wealth Builder" which did that, but they quit updating it, I suppose due to lack of interest. Does anyone here use such software? I'm considering two:
MvoPlus at $169.00:
I've also looked at WATS at $199.00:
Has anyone used either of these? Any suggestions for other software? I'd also be interested in hearing opinions about the value of portfolio optimization. Is it just an academic exercise, or will it likely make real money, in the real world, for those who know how to implement it?