Allocating money for your investments would also need the best tools around to keep you on track of your own money. Advanced tools are now readily available online to give you the upper hand when it comes to your investments.
Once you are ready to make an investment or have your portfolio ready, then you would need to look for the best tools that will enable you to track your investments. Even though you have a financial adviser or trader that can send you timely reports and updates, you need to be on top of your investments and these web-based tools and apps can help you do just that.
You don’t need to monitor your accounts daily or weekly. Market fluctuations are commonplace and you cannot get emotional or panicky and then move your money by mistake. This volatility is triggered by different factors like the international market, economic news, and natural calamities. If you are a long-term investor, you have to take a closer look at market behavior and avoid acting on impulse.
Here are the best online tools to track your investments:
- Google Finance.If you are looking to simplify your tracking method, then stick with Google Finance. All you have to do is to create a portfolio that you can use for tracking investments through your existing Google account. More so, with this tool, you can also make easy deposits and withdrawals at your most convenient time. You will be able to monitor the market and also check on real-time updates on stock with this online tracking tool.
- Ticker. If you have some knowledge with assessing graphs and reports then this is the right tracking tool for you. This allows you to check on real-time and detailed data about profit and losses, value of your account, and other specifics. This tool makes it very easy for you to monitor the market value of your accounts in real-time with just a few swipes. You can also set up push notifications depending on specific triggers such as changes in percentage thresholds, volume, and price. Use the app to compare portfolio performance metrics side by side.
- Personal Capital.This is one of the simplest and most convenient applications to use for tracking your finances. This tool makes it very easy to monitor your net worth. You can also link multiple accounts and have real-time access to your investments with the use of your desktop or any mobile devices. One of the favorite features is the Investment Checkup Tool which helps you manage your investments by making recommendations on your allocation for each investment tool.
The bottomline of it all is that you have to get full control of your money from day one. Your investments, whether they’re managed by a broker or in FOREX trading should all be transparent so you know how to make calculated risks and strategies to rake in the profit and reach your financial goals within a timeline.