So I have been using Stockopedia for just over 12 months now, including renewing my subscription.
Overall I’ve been very happy with it. The included data are to die for and it’s well laid out with colour-coding to help give you an overall feeling. I’ve used it to make quite a few purchases (and sales) over the year, including some Businesses I wouldn’t have considered.
The highlights:
- Colour coding
- Huge amount of data collated from Annual Reports
- Portfolio Management and returns calculations
- Watchlists and alerts – I have many alerts for stocks on my watchlist, so when they pass a particular threshhold, or an action happens I get an email notification. Typically for me these are ‘Dividend paid’ and share price drops through a price point.
The lowlights:
Nothing to actually make me cancel my subscription as nothing’s perfect, but there could be some improvements.
- Data arranged oldest first. It would male sense to have the most recent Report data on the left next to the row headings & you have to scroll to get historic data. Instead it is the reverse. You have to scroll to get the latest
- Portfolios cannot go negative. If I buy a share and sell another on the same day to fund it, the running balance will go negative for a line. Stock doesn’t like this when it comes to calculating returns so I have to ‘fudge’ the dates to stop this.
- Portfolio transactions limited to buy/sell/div/cash in/cash out. Having fees and interest received/paid might be useful. Currently it’s a ‘fudge’ again.
- Have a ‘suggestions’ section. All you can do is contact Support with any suggestions and the usual answer is “We’ll put it to our team”, which is a Black Hole. Surely they must get multiple identical suggestions, so having a Wishlist & status section makes sense.
- Flexible Stock comparison section. You can compare multiple Stocks but you are limited to the criteria that Stock chooses. e.g. Company size is one. That is irrelevant to me, but it’s included. It would be great to set my own comparison criteria. Otherwise the results are pretty much meaningless.
- ‘My folios’ on front page. Would be nice to have a total across Portfolios and also £gain/loss, not just %
- Portfolio performance. Would be nice to have ‘valuations’ to have an option to not take into account cash transactions and also to show performance’ in cash terms as well, not just %
- Portfolios. Would be good to have a helicopter view across all (or selected, if some were dummy ones, say) Portfolios. Valuation / performance etc.
Because of the lowlights I maintain my Portfolio in Stocko but also Airtable as both offer features the other doesn’t.
Conclusion
I’m happy with my subscription but Stocko could do so much more with minimal coding.