“Google Finance is under renovation. As a part of this process, the Portfolios feature won’t be available after mid-November 2017. To keep a copy, download your portfolio.”
Stage 1: Shock and Denial
This cannot be. I track all my Robinhood stocks through the Google Finance portfolio feature. Google would not remove one of the most useful features when it comes to monitoring finance, right? I continued on as if everything was normal for a few weeks. Maybe it would just be renovated and temporarily unavailable.
Stage 2: Pain and Guilt
I check Google Finance every day. The beige rectangle of doom was not going away. I slowly realized the portfolio section was going to be discontinued – not just renovated. It was difficult to imagine visualizing my Robinhood account without Google Finance. I love sorting my holdings to see what I am most invested in and where I might invest more.
Those days were coming to an abrupt end.
Stage 3: Anger and Bargaining
Ugh! Who made this decision? Aren’t they going to lose all their users? I wanted to lash out. Maybe I could just wait and see what the new Google Finance had to offer? Aside from “renovation,” there’s no description of what the new Google Finance will offer or look like. I didn’t want to wait around to find out.
Stage 4: Depression, Reflection, and Loneliness
It’s fully sunken in. My favorite way of tracking my stocks will be gone, and soon. I remember my first foray into stocks back in 2008. I could look up any stock and quickly see its performance. The layout was so clean and easy to navigate for a beginner like me. Even today in 2017, the layout is very unchanged. It’s simple, clean, and while it doesn’t offer as many functions as other sites, it is my favorite to use. I will miss Google Finance.
Stage 5: The Upward Turn
Maybe this will push me to explore other options. I love my tracking spreadsheet I’ve come up with, but what was I missing besides basic price movements? I got a bit excited and checked out some other options.
Stage 6: Reconstruction and Working Through
I’m at step 6 as I write this. I checked out a few alternatives and decided to transfer my Google Finance portfolio over to Morningstar. I’ll detail this process below, but so far I am enjoying what they have to offer (for free!) and I believe I duplicated what I had at Google Finance.
Stage 7: Acceptance and Hope
It’s going to be a sad day for many people when Google Finance Portfolios shuts down. Maybe it will be back in the future. Whatever Google Finance is doing, I imagine it is going to be a massive upgrade and improvement. It seems a bit secretive, but I can’t wait to see what Google Finance unveils.
Meanwhile, Morningstar (and other services) offer some great tools. As a dividend growth investor, I’m already in love with some of the Morningstar features, such as 1-, 3-, and 5-year dividend growth rates displayed next to all my stocks! At the same time, I’m excited for Google – one of the most innovative companies in history – to revamp their finance page.
Transferring From Google Finance to Morningstar
There are a number of alternatives to Google Finance. Yahoo Finance, Sharesite, SigFig, and Wikinvest are a few.
Yahoo Finance has so many ads. I couldn’t imagine trying to load it on my phone (or on my computer).
Sharesight seems to charge to track more than 10 stocks in a portfolio. I tried importing my Googe Finance portfolio to Sharesight and got this message:
This might have a solution, but I decided to move on from Sharesight and look at other options.
Morningstar looked promising. I already use Morningstar for information on ETFs and mutual funds, but I’ve never made an account. I registered, chose the basic (free) option, and began to import my .csv Google Finance portfolio.
I ran into some vague error message when importing my portfolio into Morningstar. What worked was rearranging the columns into “Symbol, Date, Action, Shares, Price.” I then wrote a formula to combine these values into a comma-separate format.
Check out the formula if you’d like to duplicate this process. Then copy/paste all cells in the F column into a notepad file, and save as .csv. Morningstar will ask you to identify the columns. Voila!
If you do a “My View,” you can pick from a long list of information to see in column format.
Morningstar does everything I used to do with Google Finance. I just want a simple column layout of all my holdings, and the ability to enter new purchases when I make them. I’m loving the 1-, 3-, and 5-year columns. I’m already seeing stocks that I wouldn’t mind adding to in the future.
What about the mobile format?
Morningstar looks exactly the same on mobile as it does on a computer. It moves smoothly, sorts the columns, zooms in/out, and does everything I need.
Morningstar also has a mobile app. The app doesn’t bring in your “My View” portfolio columns, but it does let you customize it with all the same variables. No real loss, just redundant work to set it up. I will probably stick to the web version.
So far I’m enjoying Morningstar, and that must mean I’m working towards acceptance and hope, fully through the grieving process for Google Finance portfolios.