Investment Tracking Apps
In this modern world, we need to focus on investments and our growth rates. As it’s mandatory to check our growth rate, we need to monitor it through the best possible apps. Nowadays, most people are using the below mentioned, best investment tracking apps, to track their investments.
Personal Capital Investment Tracking app
Personal Capital is a terrific finance tracking tool to help manage our investments, especially if you have multiple accounts with different firms. Their trademarked “You Index” tracks your performance across all of your accounts and compares it to benchmarks like the Dow and the S&P 500.
401(k) Fee Analyzer: This tool analyzes your 401(k) plan(s) and determines the level of fees you’re paying. This is an important tool since employer-sponsored plans often have fees that are not entirely obvious to the plan holder.
Investment Checkup: You enter your various investment accounts, and this tool will focus on the evaluation of where you’re at. That will include portfolio target recommendations, rebalancing suggestions, and a determination of the risk level in your portfolio.
Retirement Calculator: This tool focus on your expected monthly retirement income, including projected Social Security income. In case you feel like having a second opinion regarding your financial stance, you always have the option to take advantage of the premium investment management service
Yahoo! Finance
Yahoo has the best search engine in tracking investments. It’s available for both iOS and Android, and free to use. Since Yahoo! Finance has grown to be one of the primary business and investment news sites available, Yahoo! Finance is still one of the best investing tracking app available, and their app is my go-to for news and real-time data throughout the trading day.
Morningstar
Morningstar is one of the most comprehensive among investment tracking apps available. You can set up an online portfolio, and also get access to ratings on both stocks and funds. It has a feature called “Portfolio X-Ray”, that shows you what your actual holdings are. That is, they provide you with the breakdown of the individual stocks held within that fund. For example, if a fund is holding 100 stocks, the tool will show you what those stocks are, and the dollar amount that each represents in your fund position.
When you’re a subscriber to Morningstar you also get various support services. For example, you can get The Morningstar Guide to Mutual Fund Investing, or The Fund Investor Online.
SigFig Portfolio Tracker
SigFig was a primarily Robo-advisor platform, providing automated portfolio construction and management. They also offer their Portfolio Tracker tool. The Portfolio Tracker provides weekly email summaries on the performance of your investments. It also breaks down the week’s top movers, the latest portfolio news, and provides a graphic on how well your portfolio is performing.
Mint.com
Mint is well known as a budgeting investment tracking app, and it’s one of the most popular budgeting apps available. That’s not the least of which because the services are easy to use, and are completely free. If you are primarily looking for a budgeting app, that also provides some measure of investment tracking, then Mint can get the job done.
You enter your accounts into the app, including taxable brokerage accounts, mutual funds, IRAs, and 401(k) plans. The app will measure the performance of each account against various market benchmarks, letting you know where you stand.
The app also determines fees from your various accounts, including those charged by investment advisors. They’ll let you know how those fees will affect the long-term growth of your investments. They’ll also help you to see any that are unnecessary, helping you to reduce those fees wherever possible. If you want some level of investment tracking, along with budgeting, bill paying capability, account alerts, and even your free credit score, Mint is worth a closer look.
