10 Tools for Tracking Stocks Portfolio
Whether you’re in it for the long haul or frequently trading your stocks, it’s crucial to keep tabs on your stock portfolio.
This isn’t just about keeping track of what’s in your investment basket; it’s about deeply understanding how your investments are performing, making informed decisions based on this insight, and navigating towards your financial goals.
If you’re on the hunt for the perfect place to get a comprehensive overview of your investments, or if you’re just curious about the tools available, here are some options you might want to consider.
Tracking on Desktop
Quicken Classic
Quicken Classic is a comprehensive financial management tool that enables users to manage their investments alongside other financial accounts. Its investment tracking component is robust, offering features such as performance tracking, portfolio x-ray, and comparison to market benchmarks.
Quicken Classic’s dashboard provides a detailed view of your investments, including asset allocation, market value, and performance over time.
Additionally, it integrates with brokerage accounts to update your portfolio in real time, making it easier to stay on top of your investments.
It works on both Mac and Windows, however, it’s not free. The Deluxe version of the app starts at $4.97/month, and the Premier version starts at $5.99 per month.
Google Sheets
Google Sheets, which most of us are already very familiar with, is not just a powerful and flexible cloud-based spreadsheet tool. When customized correctly, it can be effectively used for tracking stock portfolios by leveraging the GOOGLEFINANCE function.
It allows users to import real-time market data, create custom formulas, and analyze their portfolio’s performance.
We have previously written a post on how you can use Google Sheets to track your portfolio, where you can include your stock’s name, buy price, and shares owned, and the sheet will automatically calculate your total cost and profit/loss for you.
Alternatively, if you are not looking to create one, there are also free Google Sheet templates online that you can duplicate and use as your own.
Personal Capital
Personal Capital by Empower is a financial management tool that combines investment tracking with wealth management services.
Its desktop platform offers an easy-to-navigate dashboard where investors can monitor their investments, check their portfolio’s performance, and see their asset allocation. Personal Capital stands out for its comprehensive approach to wealth management, providing tools for retirement planning, savings, and investment advice, making it suitable for investors looking for an all-in-one solution.
Morningstar Legacy Portfolio Manager
Morningstar’s Legacy Portfolio Manager is a desktop tool that allows investors to track their portfolios’ performance, view detailed asset allocation, and analyze investments against Morningstar’s database of mutual funds, stocks, and ETFs.
It provides in-depth reports, including star ratings for funds, making it a valuable tool for investors looking to dive deep into portfolio analysis and make data-driven decisions.
However, this tool is not free. It offers a 7-day free trial, after which the cost is $34.95 per month or $249 per year.
E*TRADE
E*TRADE, primarily known for its brokerage services, also offers a sophisticated desktop platform for portfolio tracking and management.
The E*TRADE platform features real-time quotes, interactive charts, and a suite of analytical tools designed to help investors make informed decisions. Its portfolio analysis tools allow users to monitor their investment performance, assess risks, and understand the tax implications of their portfolios.
E*TRADE is particularly great for those who already have an E*TRADE brokerage account.
Doing it in Mobile Phones
Robinhoods
Robinhood has, in its own way, revolutionized how people invest. It offers commission-free trades and a user-friendly interface that attracts both beginners and seasoned investors. For its users, Robinhood isn’t just about trading. It also provides portfolio tracking tools, including real-time market data, personalized news feeds, and the ability to watch how your investments perform over time. Its simplicity and ease of use have made Robinhood a go-to option for those just starting with investing. However, it’s also important to note that Robinhood’s approach to commission-free trading has its critics and has stirred some debate among its users.
Download Robinhoods for:
TD Ameritrade Mobile
TD Ameritrade’s mobile app is packed with features to enhance your trading experience. You’ll find customizable charts to track the market trends that matter most to you, in-depth research reports to inform your investment decisions, and live financial news streaming to keep you up to date.
Whether you’re keeping an eye on your investments, analyzing your portfolio’s performance, or trading stocks, options, and ETFs, everything you need is right at your fingertips, all through your mobile device.
Download TD Ameritrade for:
E*TRADE Mobile
E*TRADE, as we’ve mentioned before in our discussion about the desktop app, also offers a mobile version that mirrors many of the desktop platform’s features.
This includes access to real-time quotes, interactive charts, and the convenience of mobile check deposit. Essentially, it allows you to manage your investments with the same ease whether you’re on a desktop or on the go.
If you have an E*TRADE account, you can keep an eye on your portfolio, delve into stock research, and place trades right from your phone. ETRADE Mobile doesn’t stop there; it also provides educational resources designed to demystify the market and guide you towards smarter investment choices.
Download E*TRADE for:
Yahoo Finance
Yahoo Finance is definitely one of our favorites for keeping up with stock news and prices. Not just content with being a website, Yahoo Finance extends its services through a handy app.
This app is your go-to for tracking stocks, commodities, and currencies. It even lets you input your investment portfolio to monitor its performance seamlessly.
On top of that, you can also customize watchlists, oversee how your investments are doing, and see how they stack up against broader market indices. And the cherry on top? Yahoo Finance is completely free!
Download Yahoo Finance for:
Acorns
Last but certainly not least, we have Acorns. This app offers stock tracking, with a special focus on micro-investing and portfolio management.
It’s pretty ingenious; Acorns rounds up your everyday purchases to the nearest dollar and invests that spare change into a diversified portfolio. Beyond just tracking the performance of your investments, Acorns is packed with educational content aimed at expanding your financial know-how.
Download Acorns for: