About MIXR
One of the most accessible tools for working with assets is MIXR. It belongs to the American information and analytical company Morningstar, which is known worldwide and has a good customer reputation. She specializes in investment funds and provides various analytical data on them. In addition, Morningstar creates its tools to help manage and monitor assets.
MIXR is primarily used for asset allocation analysis. It gives the user much helpful information and eliminates the need to use several similar tools simultaneously. Instant X-Ray is good for its simplicity. It is noticeable in everything from the interface to viewing statistics. In addition, users in their laudatory reviews indicate access to data that cannot be found with most other tools.
MIXR is entirely free. This expands the scope of its application and makes the tool accessible even to people with minimal financial capabilities. At the same time, the absence of a board introduces certain limitations, which become very noticeable against the background of the paid Morningstar X-Ray. In this regard, the tool is recommended for people who are only interested in distributing their assets without any details.
Key features
You can understand how the Morningstar Instant X-Ray tool works in a few minutes. However, to do this, you must first correctly register and configure the application. This process will take some time but will save you from problems in the future.
Sequencing:
- Find the Morningstar website any way you can.
- On it, through the search bar, look for Instant X-Ray.
- After that, click on the inscription "Sign up for Free.»
- You will see a new page where you need to fill in all the empty fields with personal information. You should also check the boxes next to additional services (various email notifications) and confirm that you have read the terms of use of the tool.
- Click "Create Account" and then confirm the registration.
- Then open Morningstar portfolio manager, which will become available immediately after registration.
- Find the Instant X-Ray tab there.
- At the final stage, manually enter the available assets and their value (automatically, this operation is carried out only in the paid Morningstar X-Ray). After that, you can fully use the tool.
MIXR will be helpful only to those who know how to use it. You will also need some additional knowledge of various aspects of the tool. By purchasing them, it will be possible to fully entrust the application with the process of controlling the distribution of assets.
MIXR Features:
| Trial version | Anyone who decides to use the MIXR tool has the opportunity to test the paid application Morningstar X-Ray. It is more functional and valuable, so you should take advantage of this opportunity. The trial version is valid for two weeks. After that, you must pay for a subscription or continue using the free MIXR. |
| Distribution of assets | The primary purpose of the tool is the ability to assess the distribution of assets. This option is available to everyone without exception. The distribution is presented in a pie chart, where sectors with certain assets are marked in different colors. The chart also indicates the share of each of them (in percent). This visualization allows you to evaluate and make critical decisions more quickly. |
| Distribution by regions | An essential feature of MIXR is access to information about which regions investments are made in. This is very convenient for conducting a general analysis of your assets. In addition, this information will help avoid investing in 1-2 regions and make it possible to distribute holdings across the world's countries evenly |
| Expenses | MIXR is an entirely free-of-charge instrument. Therefore, no additional fees are charged for its use. This is important for people who cannot afford extra spending. The only item in the expense item may be the purchase of a paid analog of the instrument. |
| Communication with developers | This task is as simple as possible. There are many ways to contact Morningstar representatives, ranging from traditional emails to calling a specific phone line (sorted by topic of interest to you). In addition, it is possible to send a request through social networks. The company also has its own YouTube channel, but it is better to use it solely as a source of information |
| Interface | The MIXR tool has a straightforward interface. It is implemented in English, which cannot be changed. Therefore, users must have basic language knowledge or use an interpreter. The second option is not the most convenient, so it is recommended to remember the translation of the main headings and words. |
Advantages and disadvantages
Morningstar Instant X-Ray free tool contains its first advantage already in the name. He still has many of them, so users are happy to use them for their purposes. MIXR failed to eradicate all the negative qualities. Their presence will be fine if you know each of them in advance.
| Pros | Cons |
|---|---|
| • The fame of the owner company | • pecific difficulties with the setting |
| • No user fees | • The presence of restrictions in comparison with a paid analog |
| • Simple interface | |
| • Clear presentation of statistics | |
| • Much positive feedback | |
| • Simple registration | |
| • Indication of a minimum of personal data |
The best way to estimate your asset allocation is with the Morningstar Instant X-Ray tool. It works incredibly well and is as user-friendly as possible. If you learn how to use this application correctly, it will be tough to refuse.
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