5 Popular Software for Portfolio Management: Keep Track of Your Funds With Ease
A portfolio manager is a piece of software that manages investments and trades, implements new investing strategies, tracks, and researches for day-to-day trading changes.
A portfolio manager has an important impact on funds and can affect the entire process. Thus, the former experience is very important in portfolio management.
Furthermore, a good portfolio manager needs to have good tools to make this process easier and more organized. With that, success comes easily.
And to help you find the right one, we made a quick guide listing the best ones.
The 5 Most Popular Software for Portfolio Management
1. Personal Capital
Personal Capital is one of the most popular free portfolio and investment management tools. It has a straightforward and intuitive dashboard for tracking your money flow.
Here you can connect all your accounts, credit cards, and investments. Also, it offers a deep analysis of cash flow and does a precise calculation of your net worth.
Personal Capitals features are great for planning savings, and they include additional features for education and retirement planning.
These features take all the costs, organize them into different categories, and estimate how much you should spend and save daily according to your future goals.
Also, the investment checkup feature is specialized for tracking your portfolio and comparing it with the ideal target, suggesting the moves to avoid the risks and succeed.
2. Mint
Mint is a simple free financial app perfect both for portfolio manager beginners and those who want a deep insight into their money flow. It connects all your financial accounts and presents them to you in one place.
Here, you can track your costs with detailed reports, plan your budget and organize your savings to meet your goals. In addition, it has an alert feature that informs you if something negatively affects your budget goals.
Its features are customizable and designed to help you with your budget and investments.
3. Morningstar Portfolio Manager
Morningstar is another popular portfolio management tool among investors, with customizable features suitable for all money-related trackings and budget control.
You can enter all accounts, investments, and cash. It can show all changes related to your investments. Also, it compares your performed portfolio to the target portfolio.
Premium users have access to more advanced features to get a detailed portfolio analysis with a deep screening on funds and stocks, rations, and expense analysis.
4. StockRover Portfolio Manager
StockRover is a more advanced tool for those who need a more detailed investment portfolio analysis. It offers a connection to a brokerage account and analyzes it.
Additionally, it compares your portfolio’s performance and helps with making new decisions. It offers regular reports on a daily, weekly, or monthly basis.
Those reports can include any stocks you want to track. Also, its detailed analytics feature shows detailed performance, including volatility, personal rate of return, risk-adjusted return, and others.
Finally, the future income feature can project changes monthly and offer suggestions.
5. Kubera Portfolio Tracker
Kubera is described as the most modern portfolio management tool due to its ability to include and track your crypto values.
Also, it supports all bank accounts, credit cards, brokerages, stocks, and investments. It can track all currencies and assets, including metal, cars, and other tangible and intangible assets.
Kubera can show your net worth and possible debts. You can get details about portfolios and share them with trustworthy people.
Conclusion
The best tool is always the one you feel the most comfortable with. Not only that, but the features that you need depend on your business environment and set goals.
That’s why we suggest not to settle with one that someone else recommended based on their own personal preference.
But rather to explore options and compare them with your needs. After that, you will be sure about your decision. Surely, you will find the best choice on this list.
