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Best Investment Tracking Apps for Managing Multiple Accounts

Investing can be a daunting task, especially when you have multiple accounts to manage. From 401(k) plans to IRAs and taxable investment accounts, keeping track of everything can be overwhelming. However, there are tools available to help simplify the process and provide valuable insights into your investments.

One such tool is Personal Capital’s free financial dashboard, which offers a comprehensive solution for tracking and analyzing your investment portfolios. By linking all your financial accounts to the platform, Personal Capital aggregates your data and provides a wealth of information and analysis. From classifying your investments to tracking performance and organizing them by asset class, Personal Capital offers a holistic view of your financial situation.

In addition to the financial dashboard, Personal Capital also offers a retirement planner, fee analyzer, and investment checkup tools. The retirement planner helps you plan for your retirement by incorporating all your holdings and spending data, while the fee analyzer calculates your overall expense ratio. The investment checkup tool analyzes your asset allocation and compares it to a recommended allocation, providing insights into your portfolio’s performance and risk.

Another tool worth considering is Morningstar’s Portfolio Manager, which provides detailed information about your investments and portfolio performance. While you have to manually enter your investment data into the tool, the analysis provided is well worth the effort. The Instant X-Ray feature gives you detailed information about your portfolio’s asset allocation, investment style, and expenses, helping you make informed decisions about your investments.

For those who prefer working with financial advisors, eMoneyAdvisor offers a sophisticated portfolio analysis tool that projects future cash flows through retirement. By linking your accounts, eMoneyAdvisor provides detailed cash flow reports broken down by year, along with asset allocation data and estate planning information.

Quicken Premier is another option for tracking and analyzing your portfolio, offering access to Morningstar data and tools like the Instant X-Ray feature. While the user interface may not be as polished as other tools, Quicken provides valuable insights into your portfolio’s asset allocation and performance.

If you prefer a more hands-on approach, you can build your own investment tracking spreadsheet in Google Sheets. While this requires manual data entry, Google Finance functions can automatically update market prices, making it easier to track your investments and make adjustments to your asset allocation.

Overall, these investment tracking tools offer valuable insights and analysis to help you manage your investment portfolios more effectively. Whether you prefer a comprehensive financial dashboard or a more hands-on approach with a spreadsheet, finding the right tool can make a significant difference in your investment strategy.


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