Best Sites For Tracking Your Investment Portfolio

Keeping track of your investment portfolio can be a challenging task. Luckily, there are several investment portfolio tracking sites and apps that can help make this process easier. These platforms enable you to monitor your investments in one place, providing a holistic view of your financial situation. Some popular options include Empower (formerly Personal Capital), SigFig Wealth Management, Sharesight, Yahoo Finance, Kubera, and Morningstar. These tools offer various features such as real-time information, performance tracking, dividend tracking, tax reporting, and more. Some are completely free, while others offer both free and paid versions with additional functionalities.

Track your net worth and investment performance

Tracking your net worth and investment performance is essential for effective investing and financial planning. It allows you to monitor your investments, track performance, and make informed decisions. Here are some of the easiest investment portfolio tracking sites and apps to help you with that:

Empower (formerly Personal Capital)

Empower is one of the best investment tracking apps available for both iOS and Android users. It has over three million users and offers a range of features, including the ability to track portfolios, bills, bank accounts, credit card statements, and taxable and retirement accounts. You can also get portfolio summaries and category breakdown views, as well as alerts when your holdings deviate from your desired portfolio balance. Empower also provides a mutual fund fees analysis tool, an Investment Checkup tool, and a retirement calculator. It supports cryptocurrency tracking and offers both a free version and a wealth management service.

SigFig Wealth Management

SigFig is another popular option for investment portfolio tracking. It offers a free version that allows you to track all your investment accounts in one place. There is also a fee-based version that provides additional features such as a personalized plan based on your risk tolerance and time horizon. SigFig can sync with over 50 brokerages and offers features like reporting dashboards, weekly email summaries, and alerts for your top gainers and losers.

Sharesight

Sharesight is an all-in-one portfolio tracker that covers over 40 international exchanges. It allows you to track stocks, ETFs, currencies, and alternative investments such as fixed interest and investment properties. Sharesight offers customizable tax reporting, dividend tracking, and performance analysis. You can also compare your portfolio's performance against benchmarks. Sharesight offers a limited free version, with paid plans starting at $12 per month.

Kubera

Kubera is a comprehensive portfolio tracker that connects to over 20,000 banks, brokerages, and other financial institutions worldwide. It allows you to track a wide range of assets, including stocks, bonds, mutual funds, cryptocurrencies, real estate, automobiles, and even domain names. Kubera offers a 14-day free trial, with premium plans starting at $15 per month or $150 per year.

Stock Rover

Stock Rover is a web-based applet that helps you keep track of your portfolio with detailed performance information, email performance reports, portfolio analysis tools, trade planning, and rebalancing facilities. It offers a free version and three paid plans, ranging from $7.99 to $27.99 per month. Stock Rover also provides a comprehensive alerting facility to keep you informed about any changes in your investments.

Yahoo Finance

Yahoo Finance is one of the largest business news sites in the US and offers a simple-to-use design for tracking your investments. It provides access to investment research and screening tools, real-time stock and investment information, personalized alerts, and watchlists to organize your stocks. Yahoo Finance is available on both web and mobile interfaces.

Compare your portfolio's performance with market benchmarks

Comparing your portfolio's performance with market benchmarks is a crucial aspect of investment tracking. Here's a detailed overview:

Empower (Formerly Personal Capital)

Empower is a popular investment tracking platform with over 3 million users. It offers a free financial dashboard that allows you to track your net worth, spending patterns, and investment performance. You can link various financial accounts, including credit cards, savings, checking accounts, loans, and investment accounts, to get a comprehensive view of your finances. Empower also provides an Investment Checkup tool that helps you assess your portfolio's risk, analyze past performance, and determine a target allocation based on your financial goals and risk tolerance. Additionally, you can compare your portfolio's performance against benchmarks like the S&P 500 and Empower's "Smart Weighting" Recommendation, which suggests a more equal weighting of assets.

Sharesight

Sharesight is an international investment tracking platform that covers over 40 exchanges worldwide. It enables you to track the performance of your shares and ETFs, providing automatic updates on price changes. Sharesight also offers customizable tax reporting and dividend tracking. One of its key features is the ability to compare your portfolio's performance against various benchmarks, including stocks, ETFs, and indices such as the S&P 500. This comparison helps you evaluate how your investments are faring relative to the market and make more informed decisions.

Kubera

Kubera is an advanced portfolio tracker that enables you to monitor all your assets in one place, including global stocks, bonds, mutual funds, cryptocurrencies, and alternative investments. It offers connectivity to over 20,000 global banks and financial institutions, making it a great choice for investors with international holdings. Kubera allows you to track the performance of your investments and compare them against benchmarks. Additionally, Kubera provides a unique feature called Life Beat Check, which detects prolonged inactivity and can transfer your portfolio to a designated recipient.

Stock Rover

Stock Rover is a comprehensive investment tracking and analysis platform. It offers portfolio analysis tools, trade planning, correlation tools, and email performance reports. One of its key features is the ability to compare your portfolio's performance against benchmarks. Stock Rover provides automatic updates on your investments' performance, allowing you to make data-driven decisions.

SigFig Wealth Management

SigFig Wealth Management is a platform that offers both free and fee-based investment tracking services. The free version automatically syncs your investment accounts into a single dashboard, providing real-time information on your stocks, mutual funds, and exchange-traded funds (ETFs). SigFig also sends weekly email summaries that include account performance updates, news affecting your portfolio, and notifications about your top-performing investments. One of the key features of SigFig is the ability to compare your portfolio's performance against market benchmarks, helping you evaluate how your investments are doing relative to the broader market.

Monitor your asset allocation

Monitoring your asset allocation is a crucial aspect of investment portfolio management. Here are some tips to help you effectively monitor your asset allocation:

• Utilize a Portfolio Tracker: Using a portfolio tracker is an excellent way to monitor your asset allocation. These tools provide a holistic view of your investments, allowing you to see how your current asset allocation aligns with your financial goals. Examples of popular portfolio trackers include Empower (formerly Personal Capital), SigFig Wealth Management, Sharesight, and Kubera.
• Compare to Market Benchmarks: By comparing your portfolio's performance to market benchmarks, you can identify areas where your asset allocation may need adjustment. This helps ensure that your investments are on track to meet your financial objectives.
• Consolidate Information: Consolidate all your investment holdings in one location. This can be achieved by linking your investment accounts to your chosen portfolio tracker. This simplifies the process of tracking your investment performance and makes it easier to monitor your asset allocation.
• Analyze Gain-Loss Statements: Review the gain-loss statements of your securities to understand their performance. This information is vital for assessing the impact of your investment decisions and making any necessary adjustments to your asset allocation.
• Monitor Sector Allocation: Keep track of how your securities are allocated across different market sectors, such as energy, telecom, financials, and healthcare. This helps you identify areas of your portfolio that may be over or under-weighted, prompting you to make informed decisions about rebalancing.
• Utilize Alerts and Notifications: Many portfolio trackers offer alerts and notifications when your holdings deviate from your desired portfolio balance. These alerts can prompt you to review your asset allocation and make any necessary adjustments to stay on track with your investment strategy.
• Retirement Planning: Some portfolio trackers, like Empower, offer retirement planning tools. These features can help you monitor your asset allocation in relation to your retirement goals, ensuring that you are on the right path to achieve those goals.
• Mutual Fund Fees Analysis: Analyze the fees associated with your mutual funds to ensure they align with your investment strategy. Some portfolio trackers, like Empower, offer mutual fund fees analysis tools to help you make informed decisions.
• Investment Checkup Tools: Utilize investment checkup tools, such as the one offered by Empower, to periodically assess the health of your investment portfolio. These tools can provide insights into your asset allocation, performance, and areas that may require adjustments.
• Real-Time Data and Monitoring: Opt for portfolio trackers that provide real-time data and monitoring. This ensures that you are making investment decisions based on up-to-date information, allowing you to react promptly to market changes and adjust your asset allocation as needed.

Get recommendations for altering your asset allocation

Many investment portfolio tracking sites and apps offer recommendations for altering your asset allocation. Here are some of the best options:

Empower (formerly Personal Capital)

Empower is a free investment tracking app that offers a wealth of features. It allows you to track your asset allocation and provides recommendations to better suit your needs using its analytics tools. It also offers a retirement planner, net worth calculator, and investment checkup tool. Empower will contact you about their investment advisory services and offer a free analysis of your portfolio.

SigFig Wealth Management

SigFig is another investment tracking app that provides recommendations on proper asset allocation to optimize gains and manage market risk. The basic app is free, but there is also a fee-based version that allows investors to create a personalized plan incorporating their risk tolerance and time horizon.

Morningstar

Morningstar is a well-known provider of high-quality investment research. It offers a Portfolio X-Ray tool that evaluates your asset allocation, sector weightings, fees, expenses, stock stats, and more. It identifies any potential overlap within your portfolio, exposing poor diversification. Morningstar offers both free and paid options, with the premium service providing access to analyst reports, investment picks, and advanced screening options.

Stock Rover

Stock Rover is an excellent option for investors with more complicated stock portfolios. It provides a wealth of data on stocks, ETFs, and mutual funds, and offers countless ways to evaluate individual investments or your portfolio as a whole. Stock Rover includes screening and comparison tools, in-depth portfolio analysis, future dividend income projections, and alerting facilities.

Sharesight

Sharesight is an all-in-one portfolio tracker that covers international exchanges and offers robust dividend-tracking and tax-reporting capabilities. It allows you to monitor your asset allocation and measure the level of diversification based on a particular sector or country. Sharesight offers a free version for up to ten holdings and limited reporting, with paid plans ranging from $7 to $23 per month.

Analyse your portfolio with a retirement calculator

Investment portfolio management apps are a great way to track your investments and plan for retirement. These apps can help you monitor your portfolio's performance, allocation, and risk level, as well as provide valuable insights and recommendations to optimise your portfolio.

Retirement calculators are an essential tool offered by many investment portfolio management apps. These calculators allow you to determine if you are on track to meet your retirement savings goals. By inputting your current savings, expected retirement age, and other relevant financial information, the calculator will estimate how much you need to save and whether your current investments are sufficient.

For example, Empower (formerly Personal Capital), offers a Retirement Planner function that helps you determine if you are meeting your savings and retirement goals. The app also offers a wealth management service, where you can discuss your investment needs with an advisor. Additionally, Empower's Investment Checkup feature allows you to track your asset allocation and monitor the risk level of your portfolio.

Another popular app, SigFig Wealth Management, offers a free version that automatically syncs your investment accounts and provides a real-time view of your stocks, mutual funds, and exchange-traded funds (ETFs). The app also includes a Retirement Tracker, which helps you stay on top of your retirement savings goals.

Other apps, like Sharesight, offer tax-reporting features, which can be useful for planning your retirement. Sharesight also allows you to monitor the performance and diversification of your portfolio, ensuring it aligns with your retirement goals.

When choosing a portfolio management app, look for one that offers a retirement calculator or planner, as well as other features such as performance dashboards, tracking and planning tools, and news updates. These tools will help you make informed decisions about your investments and ensure you are on the right path to a comfortable retirement.

By utilising these apps and their retirement calculators, you can gain valuable insights into your financial future and make any necessary adjustments to your investment portfolio.

Frequently asked questions