How to Exclude Stock Picks from Your Portfolio
Index investing is an increasingly popular strategy among investors.
Rather than buying individual stocks, index investors buy index funds. This strategy can be used to diversify your portfolio across asset classes and industries globally.
However, even index investors like to buy an individual stock or two -- and that’s why we created the Asset Exclusion feature. This feature lets you remove these stock picks from your target portfolio.
If you purchase assets in your brokerage account which aren't part of your target portfolio in Passiv, it will throw off your accuracy. You can use this feature to exclude them from your target portfolio and maintain your accuracy.
In the portfolio you want to exclude the asset from, click Edit Model.
Find the asset you want to remove, and delete it from your model by clicking the X button on the right.
You may also need to adjust the percentages of your remaining assets to your desired allocation.
You can repeat this for any other assets you want to exclude.
When you’re done, click Save Changes.
When you go back to your Portfolio Overview, a message will appear, click on Exclude.
Your excluded assets are listed in your Portfolio Settings.
You can "re-include" an asset to your model portfolio by unchecking its box in the Asset Exclusion section. You will have the option to Add to Model in your Overview page.
The asset will be added with a 0% target. You can click Edit Model to change your model portfolio's allocation.