Daily Capital

How to Keep Track of Your Investments

Once you start investing, it’s exciting to track your progress. It makes a lot of sense to keep an eye on a new aspect of your finances and make sure things are going smoothly.

The last few years have given way to services that provide various ways for you to track your investments. Some platforms offer you the chance to invest and track your portfolio. Others offer educational options and tools.

Want a clear view of your retirement?

Which is the best tracking platform for you? Let’s take a look at what kind of tools are out there for you to use.

Methods to Track Your Investments

Spreadsheets

You can keep track of your investments yourself using your own spreadsheets. The most common are Excel or Google Sheets, which allow you to customize your spreadsheets to track your investments. This can be a lot more work but has the added benefit of being completely customizable and controllable.

Microsoft Excel: Part of the Microsoft Office suite, so you’ll have to purchase that to access Excel. It’s a powerful tool for tracking your investments.

Google Spreadsheets: The free online spreadsheet program makes it easier to have your documents automatically update with information taken from public finance. In addition, because it’s an Internet-based program, you can log into your Google account anywhere in the world to access your Google spreadsheets.

Spreadsheets are also useful for their help with investment calculations and projections. You can use formulas to calculate dividend income or forecast investment projections over time. And if you’re planning on early retirement, you can use your spreadsheets to track your investments and your timeline.

While the major downside to either Excel or Google Sheets is you have to manually input your investment data, spreadsheets work very well for tracking and comparing data. Once the numbers are in the spreadsheet, you can use formulas to add up your investments over time, and you have a handy place to see your investment history.

Personal Capital Tools

You can get clarity on your money, with tech you can trust. Know where you stand with the Personal Capital Dashboard, get a 360-degree view of your money, and see all your accounts in one place, including your investments. Go deeper into your investments with our planning and analytics tools.

After getting acquainted with the tools, we recommend receiving personalized advice from an advisor who listens. Our team of licensed fiduciary advisors understands that every investor is unique. With the dynamic tools used by both you and your financial advisor, we are able to identify and alert you to opportunities so you can act on them.

Investment Checkup ™ : Assess asset allocations and compare your current portfolio allocation to their ideal target allocation to minimize risk and maximize returns to meet their financial goals.

Retirement Planner ™: Stay on track, and improve your chances of retirement success. Even with balances going up and down, The Retirement Planner can be used to make success projections based on risk tolerance, long-term goals, spending habits, and more.

Fee Analyzer: You could be losing hundreds of thousands of dollars in hidden fees in your mutual fund, investing, and retirement accounts. Spot hidden fees financial institutions charge annual fees on mutual funds and other assets.

Tracking Your Investment Portfolio Is Just the Start

What matters most is finding one that works for you. The best program in the world is worthless if you don’t use it or you find it too much of a hassle. The more your investment accounts feel like fun (or at least something you like), the more inclined you’ll be to take charge of them.

Remember, these are just general guidelines to help you think about tracking your finances. Personal Capital’s team of dedicated financial advisors can help with financial planning, investment and strategy as it relates to your holistic financial plan. Schedule a free consultation with an advisor today for a free, no-obligation review of your portfolio and financial plan.

 

Get Personalized Advice

The content contained in this blog post is intended for general informational purposes only and is not meant to constitute legal, tax, accounting or investment advice. You should consult a qualified legal or tax professional regarding your specific situation. Keep in mind that investing involves risk. The value of your investment will fluctuate over time and you may gain or lose money.

Any reference to the advisory services refers to Personal Capital Advisors Corporation, a subsidiary of Personal Capital. Personal Capital Advisors Corporation is an investment adviser registered with the Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training nor does it imply endorsement by the SEC.

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