Juggling multiple accounts is a big job that comes with big challenges, like building an asset allocation plan, tracking performance and logging into multiple accounts. Keeping an eye on expenses across accounts can involve serious mental gymnastics.
One effective solution is to use software or an app to manage the process. Let’s take a look at five investment tracking apps available today that I consider to be the best.
Personal Capital’s Free Financial Dashboard
Personal Capital offers a free financial dashboard that I’ve used for many years. In my opinion, Personal Capital is the best overall investment tracking solution available today.
Begin by opening a free account, and then link your various financial accounts to the Personal Capital platform. For me, this includes not only my 401(k) and individual retirement account, but also taxable investment accounts, bank accounts and credit card accounts.
Once your accounts are linked, Personal Capital’s dashboard aggregates all of your financial data and provides a wealth of information and analysis. Focusing on its investment tools, Personal Capital provides the following high-level information:
- It classifies your investments between retirement and taxable accounts.
- It displays your investments by account or by individual holding.
- It tracks your investment performance over time, comparing your returns to several benchmarks.
