Scrab's Portfolios offers an all-around toolset to track, analyze, monitor, and manage your investments effectively.
With simple integration with brokerage accounts, you can sync your holdings while leveraging any of your scoring models to guide buy/sell decisions and rebalancing strategies.
Portfolio Types
Scrab provides you with two types of Portfolios:
When deciding between Classic and Monitoring-Only Portfolios in Scrab, it’s essential to understand their unique benefits and limitations.
The Classic Portfolio offers comprehensive tracking, enabling you to input specific stock holdings, share quantities, and purchase prices, thus facilitating detailed profit calculations and rebalancing assistance. This option is ideal for active portfolio management, but its setup and ongoing maintenance can be complex and time-consuming.
Conversely, the Monitoring-Only Portfolio provides a simpler setup by allowing you to add company tickers without detailed input. It focuses on basic performance monitoring and early warning signals using predefined metrics. This option is perfect for those who want to maintain a watchlist without extensive tracking. However, it lacks the detailed functionality and insight provided by the Classic Portfolio.
Classic portfolios are Scrab's default portfolio, but you can always change between them at any time through portfolio settings.
Creating Your Portfolio
Navigate to the Portfolios section within the left navigation pane and click the +New Portfolio button.
Once the Portfolio initial settings window appears, type in a Portfolio Name and select the Base Scoring Model you'd like Scrab to use to score any stocks within your portfolio.
Click, Create New Portfolio.
If you'd like to change your new portfolio to monitoring-only, click Settings, and under General, click the Monitoring-only option and then Save.
Portfolio Overview
You should now see a similar view to the one below. Note that there aren't any companies listed yet to add. To do so, connect to your brokerage account or manually add your holdings.
But first, let's go over what settings and functions Scrab offers within My Portfolios.
Connect Brokerage: import your holdings list into Scrab.
Settings: Access additional functions such as changing your scrab portfolio to monitoring-only, adjusting thresholds for Allocation and rebalancing, and additional advanced settings of underweight, overweight, and pre-buy checklist functions.
Assets: Display the value of assets currently in your portfolio.
Available Cash: Displays the available cash you have in your account.
Holdings: Shows the number of holdings you've set your portfolio with.
Next Rebalancing: Displays the date of when the next rebalancing should occur.
Receive Daily Updates: Turn this setting on if you'd like to receive email updates on changes in your portfolio.
+ Add Companies: Manually add a company to your portfolio.
Buy: Add companies you've recently bought within your brokerage account and were not imported from your initial transactions sync.
💡 For a more in-depth overview of how to manage and rebalance your Portfolio, please see this dedicated article here.
Connecting Your Brokerage Account
Scrab uses SnapTrade to integrate with the following brokerage platforms:
Bux
CommSec
Degiro
E-Trade
Fidelity
Questrade
Robinhood
Schwab
Stake Australia
Stake UK
Trading212
Upstox
Vanguard
Webull US
Wealthsimple Trade
Zerodha
To sync your current holdings list, click the Connect Brokerage button. SnapTrade will pop up and have you search for the brokerage platform you want to connect.
After selecting your brokerage, click on it. A new window may open or be asked to confirm access permissions depending on the platform.
Follow the prompts and use your brokerage's login credentials to connect your account.
Adding Companies Manually
You can also add companies using the + Add Companies' button.
Type in the company ticker or separate by commas if you add more than one. Click enter to allow the companies to load.
Company Holdings List
After importing or manually adding companies to your portfolio, you will have access to 4 new Tabs:
Overview
Details
Analysts
Tear Sheet (This tab will appear once you have added or synced your companies)
Overview Tab
The overview tab will most likely be the main tab you often use and visit when using Scrab's Portfolio feature and give you 3 tables:
Current holdings table: This table is editable to update the number of shares you currently have in your portfolio. For a more in-depth guide on portfolio rebalancing, please view this article here.
Portfolio Monitoring table: This table supports keeping an eye on the overall health of your companies based on analysts' updates. Updates occur in a daily occurrence.
Scoring Model Table: Based on the scoring model you chose to use, Scrab will provide you the scoring model overview so you can check if the stock is still good/bad based on your own custom criteria.
Details Tab
This tab provides you a summary of your company's changes in price, last/next earnings, as well as Sector/Industry diversification information.
This Tab may interest you to compare your stocks for additional analysis.
Analysts Tab
We've also included an 'Analysts' tab to help you view any revisions and recommendations.
Hover over the grey/red/green indicators to view the changes.
Tear Sheet Tab
This tab is useful for additional analysis and to compare quickly your Portfolio against the S&P 500, check metrics such as Beta, Sharpe Ratio or Value at Risk, see historical drawdowns & more.
We've created its own dedicated article, which can be found here.
