When it comes to finance, taking extra care of it comes from within. Be it your own money or the customers’ if any kind of risk factor is associated with it, you will be held responsible. So, to avoid all sorts of problems, the bountiful technology has come up with several investment portfolio management softwares.
With the presence of the software the risk and other unnecessary factors are deviated and the investment advisors can focus more on important factors that truly matter. In the present situation, the softwares that cater to the need of the financial advisors are of immense benefit. They can now approach to the clients with a definite investment decision. As a result, there is an improvement in the investment as the risks can be identified by the softwares beforehand.
Ways to track investment
Besides the involvement of investment portfolio management softwares, there are tons and tons of ways by which you can keep an eye on your investment. Let’s take a look at them.
- Tracking investment online
Given below is a short list of the web portals into which you can log in and check your financial status:
- Client portals
If you are working with a high end financial advisor, it is for sure that you will have a client portal of your own where you can check into the details of your own finance. This includes the assets that you own as well. These portals not only help you keep track of your investment but also notify you when some important information arrives. Hence, it can be said that they make life much easier. Regarding the fees of these powerful tools, you need not bother as they are calculated under the investment advisory fees that are charged by your financial advisor.
- Personal capital
There has come a trend for those investors who have not been held under any registered financial advisor. If you belong to this category, you can do your job yourself. Get hold of an investment tracking software so that you can operate your finances yourself. The software itself creates graphs and charts of your income, and the spending and different portfolio holdings. Further, the software will make a comparison of your finances with the stock market and help you get into the mutual fund expense ratio that you need to pay while your retirement.
- Tracking investment with spreadsheet
If you want an added control on your financial business, the custom made spreadsheets are the ideal for you. In this case you have two choices to make:
- Microsoft excel
Although it is incapable of providing real-time stock quotations, yet you can make use of it for tracking the cost basis for taxes upon individual items. Also, you can calculate the aggregate of dividend income or sketch it on the dividend schedule. This comes with the warning on the ex-dividend date.
- Google spreadsheet
The free online spreadsheet of Google is not as beneficial as the Microsoft Spreadsheet, but it has the power to prevent you from messing up your finances. The documents along with the latest informations get easily updated for the internet connection. Further, thanks to this internet-based program as you can log into your Google account anytime and anywhere in order to get access to the Google spreadsheet.
- Using softwares
There are several investors who prefer installation of softwares on their local systems instead of looking out for something else. However, let’s take a look at the few options available:
- Fund manager
At the end of everything, the investment tracking program that works best for you is one that suits you. However, good an investment program is, look for the one with which you can get adapted to.