NonK — Review a portfolio and make suggestions of securities that might be a better investment. For your security research. That is a difficult question, as individual security selection requires study and analysis.
If you enjoy researching and studying individual securities, then you need to devote time to learn this process. If seems to be a really misleading strategy suggestion to direct people into traditional IRAs and Ks without any warning about the future tax rates gotcha.
You can probably get the gist by now and I just did not see any modeling software descriptions in your top-7 which seemed like they would help in this modeling any better than what one can do in EXCEL. Please let me know if I am wrong. Hi Steve, You raise a really good and often neglected point. The reality of future tax rates could be a major problem for wealtlhier investors.
Please keep me posted on this topic and whether you uncover an existing software that can handle future tax consequences modeling. Regards, Barbara. Do any of the above portfolio tools allow for hypothetical portfolios that include historical data? If I want to construct a proposed portfolio for a client I too am a financial advisor and show them the historical performance, can this software accomplish this?
I looked at a different package Qwanti in this past, but this was quite pricey. Any suggestions? Hi David, I like the portfolio visualizer. Give it a try and let me know what you think. I tried Portfoliovisualizer is it Great to try out. And very granular detailed it need it to be. It helped me make my own portfolio back testing it that beat the SP about six times. But trying to find money to make use of my plan!
Financial people knock backtesting but I am sure they use it too. And probably had supercomputers to do highlevel views of sentiment of the public, corp earning changes, political and world influences, job less rates etc.
Thanks for writing in. Hi Barbara, this is a great and thorough analysis. I am looking for a very specific use case and hoping you know of a tool that could help. In this example, we can use Microsoft as the stock. I have a portfolio of around 40 etfs. My ETFs have much crossover in holdings but vary enough to hold multiple.
For example, how much Microsoft do I own or what percentage of my total etf portfolio reliant on Microsoft. I also know that ETFs are occasionally rebalanced or adding and removing stocks. I would check out Morningstar xray. They may be able to tell you how much of an overlap you have in your holdings. Good luck, Barbara. Hi D, All financial accounts at major banks and financial companies have insurance to cover losses.
PC has the same level of security. If brokers offered a read-only OAuth login for systems like PC, it would make sense and then be secure.
Is there a Canadian version of Personal Capital Software? Can you recommend a software platform that has been Canadianized I.
Do any of these software tools let one do the following? Or you might want to check out Zoonova dot com. Good luck. Hi Barbara, thank you very much for putting together this article. It was highly instructive. As some other readers, I am mostly focused on investment portfolio management. However, after reading your article I have made a note to check out Personal Capital in more detail. You mentioned sigfig which I also think is a nice tool.
However, in this category, I believe the Ziggma Portfolio Manager really stands out. It has been built from a portfolio management perspective, contrary to almost all other platforms I know. To get started you simply link your bank account via Plaid so I think it is trustworthy, but in any case ziggma takes no confidential information other than the email address after which you get portfolio level analytics on risk, diversification and fundamentals on your investment portfolio.
I am not going to go into too much detail here, just wondered what your thoughts were and why they did not make the list. It is a very recent product so it may not even have been around at the time you wrote this article. The Ziggma Portfolio Manager is really helpful when it comes to monitoring and optimizing a portfolio. There is a feature called smart alerts. It allows you to set alerts, such as maximum exposure to a single company, which when hit trigger an email to notify you of the event.
With this alert in place, I no longer have to watch for my exposure limits. As the Investment Account Manager, ziggma is conceived for investment management, not budgeting or financial management tasks.
However, in my view it has two major advantages. Let me know what you think. By Barbara A. The Best Portfolio Management Software Makes Your Life Easier Investors need the best portfolio trackers to monitor their mutual and exchange traded funds, individual stocks and bonds for many reasons.
Personal Capital 2. Quicken Premier 4. Investment Account Manager 5. Sign up for Personal Capital. What is investment management software? What is the best portfolio tracker app? What is the best investment tool? Which is better — Personal Capital or Mint? It is a nice feature, but if you have a brokerage account, you will already have access to real-time data, charts, and quotes and can trade directly with them, so it seems a little redundant but still a step forward.
Yahoo finance does provide a news aggregation engine and actually contributes original news via the Yahoo Finance news team. If you opt for Yahoo Finance Premium, you will get a good selection of analyst research reports. In fact, Firstrade offers free stock trades and research reports from both Zacks and Morningstar.
Yahoo Finance can connect to a wide variety of brokers. It can then download your stock position data and then perform analytics on your portfolio, but again you will require the overpriced Yahoo Premium subscription. However, they do provide reporting on your Portfolio Asset Allocation per industry sector and dividend income reporting. However, Yahoo has climbed from nearly last place to fourth place in this review thanks to their constant improvements.
Coming in higher than Google Finance in our review, Yahoo, it seems, can do at least one thing better than Google. Worthy of consideration is StockCharts. Worth mentioning are the sharp charts, which are visually impressive, and their array of exotic indicators may excite the more advanced investor. One thing to mention, this service offers good Point and Figure Charts, but now that TradingView has added interactive point and figure charting, TradingView is the better option.
Missing trend lines, rolling EPS, and a weak news service do not do it justice. They do also offer, like the other service providers, a monthly Membership service with increased functionality. One drawback is the fact that the charts are not really interactive, this impacts the user experience because you need to keep refreshing the page when adding indicators.
CNN money fares well with all basic indicators available but suffers from only one sub-window and no ability to draw trend lines. Also, the chart is only static, and the non-interactive format becomes highly annoying after a while. Having to continually refresh the page to get new indicators plotted will make the experienced investor growl. However, on the bright side, you can plot earnings EPS on the chart, which is also a rare advantage amongst its competitors.
This means you can essentially sign up for Robin Hood and gain access to the free stock charts and real-time quotes and charts for free. The only downside is that you cannot really do any serious stock analysis using Robin Hood. Because it is a mobile-first company, the interface is limited to the size of your phone. Mobile-first refers to the fact that Robinhood started only as an app on the phone and not a fully-fledged trading platform. This means you have to do everything via the phone, including opening, funding, and trading.
As Robinhood is a mobile-first company, this means if you trade from your smartphone on the Major U. Finviz used to be an excellent free service, but now it is all behind a paywall. To get access to anything good here in terms of an interactive free charting experience, you will need to pay a handsome sum. Finviz has many fans and some good heatmaps and visualizations, but practically none of it for free. The integrated stock screener is also limited in functionality and usability; you cannot scan across exchanges for example.
Missing a rolling EPS indicator combined with its lack of trendlines takes it out of the reckoning for overall leadership. I really like the ability to plot breaking news for a stock on the chart itself; this is really what sets it apart from the other charting tools.
For quickly referencing the global markets and perusing the news, it is an OK service. For chart analysis, it is useless.
Lack of trend lines, moving averages, OBV, and index overlay mark it down heavily. However, with membership, you can get real-time stock quotes. Google finance suffered criminally in the weakness of its charting, scoring 13 out of 28 points. It is not all bad news. The news reports can be overlaid on top of the stock price, which is unique and valuable to the investor interested in how news plays out in the stock price.
There are many free stock charting services available, but only three are worth looking at. If you want a service that will grow with you on your journey, TradingView is the clear winner.
The market for Free Chart Services is competitive, but some clear winners offer great free services and additional add-ons for a fee. Ultimately, what you select is down to your needs.
But as you mature and your investment pot grows, you will need to seriously think about selecting a Professional Grade Stock Charting Software Package. Go Pro Now. Each service was rated against 29 different factors. Those tools that offer the most flexibility, usability, functionality, and, most of all, being cost-free made the top The Market Moves Fast. Join Over 25, Liberated Stock Traders. Leave a message. I will be sure to reply. They want to be paid. Hi, you are correct.
I also mentioned it in the article. Hello Barry, there is a new stock charting launched by ChartNexus. Its now all web-based. Not only they have delayed market data, but they also have fundamental data and user custom alerts available on the platform as well. In addition to that, the chart layout is very much customizable based on users preference. You left out Morningstar charts. You can compare current and historical data or build your own graphs and charts.
I use it for research and you might have seen a few of the charts on this site. There are a number of sites that offer free watch lists. A watch list is a tool that helps track news and information about the stocks and funds you own or might want to own. Investment Tools Yahoo Finance There are a number of great sites out there but none of them can unseat this old school favorite for quotes, charts, information, and news.
Personal Capital Personal Capital is a free service that allows you to track all your existing accounts in one location. Investment Checklist Checklists are a great compliment to any stock or fund screener. Morningstar Morningstar has built itself into one of the best investment tools available. Watch List There are a number of sites that offer free watch lists.
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