If you are working on building a profitable stock portfolio, you need to track it as often as you want to. You should monitor which stocks are doing well, which aren’t, and keep track of any other critical information.
Stock portfolio tracking via the app is a common practice. There are a number of apps on the market that allow you to do this, some being better than others.
In this article, we’ll explore some of the best stock portfolio tracking apps so that you can choose one for your needs. Let’s get started!
Is There an App That Tracks Your Stock Portfolio?
The short answer is yes.
As you likely already know, there are stock trading apps, stock analysis apps, and stock news apps, all of which will help you get the information you need. You can also use investment research websites to help you expand your portfolio, making it as profitable as it can be. But, you will also need an app that tracks it for you.
Some of the most popular apps that allow you to track your stock portfolio are as follows:
- SigFig Wealth Management
- Personal Capital
- Stocks Portfolio Manager
As we mentioned, there are many others, and we’ll look at them below.
How Do I Track My Stock Portfolio?
It’s simple: the app you choose will do it for you. When you pick a portfolio tracker, you will be able to input all the relevant information in the app.
When choosing a portfolio manager app, the main thing is to find the one that will benefit you the most. For example, you may be looking for a stock portfolio tracker app that has been created with ease of use in mind. Or you’d prefer something simple, easy to input information into, and easy to read and understand the tracking itself.
Alternatively, you might require one of the more advanced options seeing as you are a more serious investor. Beginners tend to choose the stock portfolio manager that is easiest to use, while more big-time investors are more interested in the app’s features and what it has to offer.
Stock portfolio management isn’t easy to handle on your own, even if you are experienced in stocks and the market. So, let’s take a look at the list of the apps we’ve created and figure out which is the best stock portfolio app for you and your needs.
What Is the Best Stock Tracking App?
In order to decide which stock tracking app is the best, you need to know some of the main players and their strong points. For example, you may be interested to know the best stock tracking app iPhone has and the best stock tracking app Android offers. Let’s take a look!
Personal Capital
Personal Capital is one of the leading names on the market, and if you know anything about portfolio management apps, you have likely already heard of it. It’s known as one of the best apps for ongoing portfolio management, making it a fantastic choice if you are looking for something that you can use long term. Not only this, but Personal Capital is also best for investment analysis.
Using the investment checkup and portfolio calculator, you will see all the information clearly displayed. In addition, you will check how your investments are performing and how they could do better.
Morningstar
More serious investors out there will want to look at Morningstar. The rating systems are reliable and unbiased, making them one of the best apps available. Understanding their ratings is pretty simple as it’s made using the star rating system, which is completely straightforward. You will be able to see how your investments are performing.
Morningstar also offers several other services that go hand in hand with portfolio tracking, making it one of the better options for serious investors.
Money Patrol
Suppose you would classify yourself as a casual investor who is more interested in wealth management than anything else. In that case, Money Patrol may be an option for you to consider.
It’s easy to use, and it doesn’t have all of the additional features offered by some other apps for big investors. In addition, it’s one of the most straightforward stock portfolio tracking apps on the market that will make sure you know exactly how well your investments are doing at any given time.
This app is best for general wealth management because it shows you a comprehensive view of your financial position. It works amazingly for those trying to make a budget and for casual investors who want to track their investments.
SigFig
SigFig is another big name on the market and is considered the best stock tracking app for beginners, especially if it’s something that they are planning on sticking with. In addition, it offers an excellent level of customer support. If you need assistance, SigFig is there to help you as soon as possible.
Also, there are more advanced features for those people who want to use the app for more serious trading.
The Overall Best
So, which app is the best overall? Well, it depends on what you are looking for. As you can see from the information provided above, each app has its own benefits depending on the type of investments you manage and other services you look for.
Based on the benefits, we lean towards Personal Capital as the best stock portfolio tracking app. Easy to use, a number of features that benefit all types of investors, and the best investment analysis create one pretty powerful app.
How Frequently Should You Check Your Portfolio?
Some investors think they should be checking on their portfolios every single day. Ideally, you shouldn’t do this because, as an investor, you are far more likely to accept risks if you look at your investments less often. Preferably, you should check on your portfolio every couple of months, as this will allow you to make sure that it is balanced.
So, next time you’re sitting there thinking, “How often should I check my investments?” don’t try to convince yourself that you should do it daily.
Conclusion
There are many stock portfolio tracking apps available on the market. Each has its own unique set of benefits suitable for different types of investors.
You should choose the app that appeals the most to you based on its features and reviews because what is best for one is not necessarily best for another.
