Best Software to Manage Investment Portfolio

If you are an investor, the first question that will pop up in your mind is the best investment portfolio management software. The ultimate goal of managing an investment portfolio is to maximize the return by allocating assets efficiently and reducing the cost and brokers’ commission. Further, you will need portfolio management to diversify your assets to mitigate the risk associated with investments. 

Portfolio management is crucial to ensure that you are able to withstand the fluctuation in the market. If you have been in the investing world for a long time, you must have understood that you need to constantly keep tabs on mutual funds, stocks, bonds, and index funds for many reasons. You need to compare the cost of investment against the return, and you will naturally need software to do it. 

Some veteran investors are habitual of maintaining the record on a spreadsheet, but why get into the hassle of manual tracking when software can do it easily. When it comes to investment portfolio management, first, you need to evaluate your needs. Some tools are free, and some are paid.

4 Best Software to Manage Investment Portfolio

You can choose any of them based on the features they offer and your needs. 

Personal Capital

If you want to grow and achieve long-term benefits from your investments, you should have a 360-degree view of your money. Personal capital is free software that can let you have clarity on your finances. Get all your accounts, including investments in one place. 

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Use analytical tools to dive into what you have, what you need, and how you can grow. The software can let you get accurate details about your net worth. It is essential to know what you owe and what you own to manage your money efficiently. You can link all your investment, retirement, and bank accounts. Apart from estimating your net worth, this app can help you organize your spending and savings. 

Budgeting is always a concern among users. Since you do not need to get into manual budgeting, this software can set a monthly target for you and make sure that you stick to the budgeting plan. You can evaluate the flow of cash. It can have a record of what comes in and what goes out throughout the month. 

The most common feature of this software is it is equipped with built-in investment intelligence. It will allow you to compare your portfolio with target allocation. This comparison can let you have an insight into how well your investments are performing. 

Investment Account Manager

This software dates back to 1985. This software can help you manage investments whether you are a newbie or a seasoned investor. This software can help you manage investments as well as budgeting. It is safe and centralized. 

This software offers a wide variety of tools to manage stocks, bonds, exchange-traded funds, mutual funds, and other investments. Stocks, bonds, and mutual funds are the oldest investments. Nowadays people are also investing in technology and renewable energy. 

Both technology and renewable energy are the prominent sectors where people are investing in Ireland, but these investments do not work as stocks and bonds, and this is why investment account manager cannot be suitable for such assets. If you are investing in solar assets, you will need PowerHub Asset Management Software, ACTIS, and Solar-log software. 

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Morningstar Portfolio Manager

It is free software with limited features, but it can let you gain insight into your real assets. This investment portfolio tool shows sector and style breakdowns, a summary of fees and commission, and geographical distributing summary. If you subscribe, you can get advanced features that include but not limited to:

  • You can track all investments including cash. You can manually import the securities, number of shares, fees, and the like.
  • You can track your portfolio by clicking the tracking tab – just one click and you will get all details like prices, market fluctuation data, the market value of assets, fees, and other basic information of the allocated assets. Investment tracking is crucial to know how your investments are working. 
  • You can also get to know how your investments perform by comparing them with assets listed on the index. However, you can make a depth analysis if you are using a paid version.

SigFig Portfolio Tracker

With the help of this software, you can get a customized portfolio in minutes. You all need to do is install the app on your mobile phone to access all your investments. You can constantly monitor your allocated assets and schedule a meeting with your investment advisor. Whether you are a newbie or seasoned investor, you will need software to manage your investment portfolio, but to make the most of software tools, it is crucial that you smartly choose investments. If you are a newbie, you should talk to an investment expert like The Irish capital that can help you build an investment portfolio.

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