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If you’re actively investing for your future, you probably want a way to keep tabs on the performance of your investments. Are you overperforming or underperforming your expectations? Are you on track to meet your goals? Is your portfolio balanced in line with your risk tolerance? These are the types of questions you can answer when you track your investments. Today I am showing you the best investment tracking apps to manage your portfolio and make the most of your investment dollars.
Countless apps can help you track your investments. With that said, here are the considerations I used in culling down the list to just a few:
- App Popularity
- The most popular investment tracking apps are popular for a reason – they are good at what they do. That said, I’ve looked through over a dozen options, so you can rest assured that the ones I’m showing you are the ones I think are the best.
- No two investment tracking apps are the same. I have selected the ones which I think have features that are valuable to most users. Every user will have different needs, though, and that’s why I’ve tried to identify which solution is best for each type of investor.
- There are excellent free and paid investment tracking apps. I’ll cover both in this guide.
While there are other considerations in choosing the best investment tracking app, these are the most important. So, let’s get started!
Best Overall: Personal Capital
By far and away, the best app investment tracking app is Personal Capital.
Why? Because it brings together a unique set of features in a free platform to help you track your investments. Some of my favorite features of Personal Capital include:
Asset Allocation Tracking
One of the most critical investment choices you make is your portfolio allocation. Your asset allocation means having the right mix of stocks and bonds, domestic vs. international, etc., relative to your risk tolerance and investing goals. The problem is, though, it’s often hard to track your portfolio to see if it still aligns with your target mix.
However, Personal Capital makes tracking asset allocation easy. You can see your portfolio allocation across all of your accounts – no more trying to manually add up all of your accounts to figure out if you’re on track.
With Personal Capital’s portfolio tracking, you can compare your investment performance to benchmarks like the S&P 500, foreign stocks, and even US bonds! Plus, you’ll see all of your holdings in one place, allowing you to quickly find the total value of all of your investment accounts.
Retirement Fee Analyzer
One of the biggest hindrances to meeting your retirement goals is investment fees. However, Personal Capital pulls back the curtain on hidden investment fees.
With its Retirement Fee Analyzer, you can see exactly how much of your investment earnings are lost to fees. You’ll even see the mutual funds and ETFs costing you the most – allowing you to make smarter investment choices by investing in low-fee funds.
Lastly, if you’re unsure what the right portfolio mix is for your situation, Personal Capital’s Investment Checkup tool can help. Simply answer some basic questions, and then Personal Capital will tell you a portfolio mix that makes sense for your situation.
Then, it will compare this optimal portfolio to your current one – allowing you to make adjustments on the fly based on your risk profile.
Personal Capital is the investment tracking app that I use, and I think it’s the best free portfolio tracker. It is the most full-featured solution out there, and it can give you the information you need to make investment choices in real-time to stay on track with your investing goals.
Best Investment Tracking Spreadsheet Solution: Tiller Money with Google Sheets/Excel
As much as I like Personal Capital, there are other solutions to help you track your investments. One of those solutions is Tiller Money.
Tiller is a unique platform in that you can customize it to work however you prefer. That’s because Tiller integrates with Google Sheets and Excel.
To put it simply, Tiller connects with your investment accounts and links that data to your favorite spreadsheet software. While Tiller was designed as a budgeting solution, it also works great for tracking your investments. At $79/year, Tiller is a pretty solid value considering that it can also serve as a budgeting service.
Want to perform detailed calculations on your investment holdings? You can do that. Track your asset allocation? You can do that too. Tiller provides a great guide to help you get started tracking your investments.
It will take a bit more work to get started, but if you’re looking for an entirely customizable solution, this is it. If that sort of customizability is what you’re wanting, look no further than Tiller Money.
Best if you have Cryptocurrency: Kubera
If you’re curious if there is an app to track all your Investments, Kubera might be exactly the solution you’ve been waiting for.
With Kubera, you can link your brokerage accounts, but you can also link alternative assets. For example, Kubera allows you to connect your crypto wallet to track holdings like Bitcoin, Ethereum, etc.
Think that’s cool? You can even add other alternative assets to track their value. Want to track the value of your car? Just enter the VIN number. Interested in finding out how much your domain is worth? Kubera can estimate the value.
And, if there are any assets Kubera doesn’t track automatically, you can enter them manually.
Kubera also has some unique features like allowing you to share your portfolio with your investment advisor, track your net worth, and more.
While Kubera has a lot of unique features, its biggest downside is its price. It comes in at $15/month or $150/year. I think Personal Capital is a better solution for most people because it’s free. However, if you want to track unique asset classes like cryptocurrency, Kubera is worth considering.
Best for Serious Investors: Morningstar
Are you an investing junkie who wants to see all the nitty-gritty details of your portfolio? If so, it may be worth checking out Morningstar.
Morningstar will give you hyperdetailed information about your portfolio, including which asset classes you’re underweight or overweight, news related to your holdings, Morningstar insights, and more. You’ll get a complete analysis for each of your holdings.
There are a few downsides to Morningstar. First, unlike most of the solutions on this list, you’ll need to enter your portfolio details manually (e.g., securities you own, number of shares, etc.). Second, Morningstar Premium (which provides all the detailed analysis) doesn’t come cheap. It comes in at $29.95/month or $199/year.
Personally, because I invest in index funds (and think most people should do the same), I don’t care to see all the detailed information Morningstar provides. However, if you’re a market geek, this may be the right solution for you.
Best for Existing Mint Users: Mint
If you already use Mint for budgeting, you may not be aware that they also offer investment tracking tools.
With Mint, you can track your portfolio value, asset allocation, and comparisons to benchmarks.
However, I only recommend Mint for existing users. Why? Unfortunately, the tools it offers aren’t very robust.
For example, Mint will show you your asset allocation by holding (e.g.., you own 70% Apple stock and 30% Google stock). But it won’t tell you how your portfolio breaks down by category (for example, domestic, international, sector, etc.).
While Mint is free, expect to see quite a few advertisements for other products and services while using Mint.
If you use Mint already, though, it’s an easy solution that doesn’t require you to sign up for another service.
Before we go, let’s tackle some of the most frequently asked questions about investment tracking apps.
What is an Investment Tracking App?
An investment tracking app is a solution that helps you manage and monitor your investments. If you invest across different accounts (e.g., a 401(k), IRA, etc.), an investment tracking app can help you see all your investments in one place.
Usually, an investment tracking app will show all the holdings in your portfolio, their current value, their cost basis (what you paid for them), and any gains or losses.
From there, the features diverge depending on the specific app.
What Features Should You Look for in an Investment Tracking App
There are several features I think you should look for in an investment tracking app.
1) Summary of Holdings
- Each investment holding
- Current price
- Current value (shares x price)
- Cost basis
2) Asset Allocation
- Comparisons by asset class, region, sector, etc. (e.g., US domestic, stocks, international bonds, etc.)
3) Relative Performance
- Comparisons to key benchmarks
4) Key Decision Insights
Where many investment tracking apps fall short is they aren’t actionable. For example, they can tell you that you’ve underperformed a given benchmark index, but what are you supposed to do with that information?
The best investment tracking apps will help you make decisions regarding your portfolio based on the information you provide. For example, they’ll help you understand if you’re overweight in stocks and underweight in bonds. They’ll tell you if your current allocation aligns with the target allocation you defined for yourself. And they’ll do much more.
For this reason, Personal Capital remains my top pick. It is one of the only investment tracking apps that makes it very easy to understand the status of your portfolio and how to adjust it to stay in line with your investing goals.
Personal Capital is a comprehensive suite of financial tools that helps you track your net worth, make sure you stay on track for retirement, and much more! The best part about Personal Capital is it offers a FREE way to track your investment and cash accounts and plan your financial future! Check out this review to learn more!
Why Use an Investment Tracking App
If you’ve read this far, you’re probably already sold on the idea of an investment tracking app. But just in case you still have doubts, here are some of the key reasons to use an investment tracking app:
Regularly rebalancing your portfolio helps to maximize risk-adjusted returns. Keeping your portfolio’s allocation in line with your target will reduce risk and help you be more likely to stay on track with your investment expectations.
2) Tracking Relative Performance
Curious if your investment choices are keeping up with the broader market? An investment tracking app can help you do that.
Just bear in mind that your performance may diverge from market benchmarks based on the level of risk you’ve chosen for your portfolio.
3) Track Individual Investment Performance
If you’re curious which of your investments are doing the best, a portfolio tracker can help you figure that out. If you’re investing in low-cost index funds, don’t worry about this too much. But if you’re investing in individual stocks, this can help you do your homework on which stocks are performing the best and worse (allowing you to make more informed decisions on which ones you keep).
How to Choose the Best Investment Tracking App
When it comes to choosing the best investment tracking app, here are some things to consider:
- Features – Does the app provide all of the features you are looking for?
- Unique Needs – If you want to see granular data on your holdings, that might drive you to one solution over another. Or maybe you want a solution with an excellent mobile app. Various portfolio tracking solutions offer countless features, so you’ll need to figure out which one best checks the boxes for you.
- Asset Classes – Can the investment tracker help you keep tabs on all of your asset classes, even unique ones like cryptocurrency?
- Cost – There are both free and paid investment tracking apps. Do you need a paid solution to track your investments? For me, the answer is no, but you may have different requirements.
Are Investment Tracking Apps Safe to Use?
In general, investment tracking apps are safe to use. While you connect your financial data, the investment tracking app doesn’t have direct access to your accounts.
It certainly makes sense to perform diligence on any investment tracking app you’re considering using. Speaking generally, though, I connect my financial accounts to these services and feel very comfortable doing so. Additionally, for all services highlighted above, I have reviewed the security policies of each, and all of them provide detailed information on how they keep your data safe.
The 5 Best Investment Tracking Apps: Summary
What is the best portfolio tracking app? In my opinion, Personal Capital is the best solution for most people. It’s free and offers the most robust feature set that will work for most people.
However, the best way to track your investments is the way you’ll regularly use to make informed investment decisions. The right solution for someone else may not be the best solution for you.
To recap, here’s an overview of the five best investment tracking apps.
- Best Overall: Personal Capital
- Best Investment Tracking Spreadsheet Solution: Tiller Money
- Best if you have Cryptocurrency: Kubera
- Best for Serious Investors: Morningstar
- Best for Existing Mint Users: Mint
No matter which investment tracking app you use, the most important thing is to get started with one. It will help you make more informed choices about your investing decisions. In the long run, that means a better financial picture. So, get started today!