5 Best Stock Tracking Apps to Keep Track of Your Investments

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    best stock tracking apps

    Whether your stock portfolio is worth $ 1,000 or $ 1 million, tracking its performance is key to investing successfully. A great stock market tracking app will help you explore ideas and put your portfolio in the context of the overall market.

    Whether you are a beginner or an investor with decades of experience, stock market tracking apps can help you better understand your portfolio.

    These are our top five tips for tracking the stock market and your portfolio.

    1. M1 finance

    Most individual equity investors focus too much on individual stocks and too little on their overall portfolio performance. M1 Finance turns the script upside down. It allows investors to create custom “pies” that are split across dozen of positions.

    Investors can benefit from automated equipment, easy balancing, and the ability to adjust the pie to new positions. Those who do not use “auto-investing” can manually buy and sell various positions.

    M1 Finance shows the performance of each “piece of cake” along with the performance of the entire cake. Investors can also search for stocks and ETFs via the app. However, the research available is not as extensive as that of many competitors (including Robinhood).

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    Free trade within the app

    Individual stock investors will likely need to do research outside of the portfolio

    Focuses investors on the overall portfolio

    No automated harvesting of tax losses

    Unlimited customization of the cakes

    Does not display portfolio alpha or beta

    M1 financial logo

    2. Personal capital

    Personal Capital is the most personal finance focused stock market tracking app. It monitors the composition of your portfolio and its performance over time. Since Personal Capital allows you to connect all of your bank accounts, you can also use it to keep track of your budget and monitor your assets over time.

    On the investment side, Personal Capital offers three important pieces of information. First, it helps answer technical retirement questions with the help of charts, graphs, and other quantitative information. Second, it analyzes the fees in your portfolio so you can find places to cut back. Finally, you can set and track educational investment goals for your children.

    The Personal Capital app is aimed at ETF and mutual fund investors. Users can also upgrade to receive personalized advice from a fiduciary financial planner. Even non-upgrading users may find that Personal Capital’s focus on cash flow and budgeting is a great gateway to higher savings rates and more investment potential.

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    Evaluates the full financial picture

    Not targeted at individual stock investors

    Limited research functionality within the mobile app

    Visualize portfolio allocation and performance.

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    Personal capital logo 2019

    3. Morningstar Premium

    Morningstar has traditionally been associated with mutual fund analysis. But the company’s stock and ETF ratings and analysis are also excellent. Morningstar has a “freemium” business model, which means it locks a lot of content behind a paywall.

    Some of the company’s best content, including full access to Stock Screener, Portfolio X-Ray Vision (a portfolio analysis tool), and robust personalized portfolio reports, require a Premium Membership.

    Despite the high price tag, Morningstar offers great content and great tools for active investors looking to keep their portfolio balanced. Investors should note that Morningstar relies heavily on modern portfolio theory in its analysis. But those with a more technical or quantitative approach may have to look elsewhere.

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    Personalized portfolio reports

    Premium membership is required for the best features

    Dive deep into the “exact” allocation of your portfolio

    Not ideal for technical investors

    Screen Stocks versus Morningstar Ratings

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    Not ideal for technical investors

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    Morningstar logo

    4. ThinkorSwim by TD Ameritrade

    TD Ameritrade’s ThinkOrSwim is the company’s acclaimed trading app. However, unlike other advanced apps, ThinkorSwim also offers plenty of options for investors looking to learn the ropes. The app contains tons of videos, quizzes, articles, and other educational content. Also, new traders can test their skills in a paper trading environment.

    ThinkorSwim also provides a variety of charts, stock review tools, reports, and other tools that investors can use to keep track of their favorite stocks. The website version of the app is highly customizable, so you can use the learning components in any way that makes sense to you.

    Even better than the training, users can trade directly in the app without commissions. This is an ideal environment for testing some more “active” management styles. As a stock tracking app, TD Ameritrade’s ThinkorSwim is hard to beat.

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    More focus on individual securities than on the entire portfolio

    Free trade within the app

    The interface can sometimes be delayed

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    ThinkorSwim logo

    5. Yahoo! Finances

    For most “retail investors”, the Yahoo! The finance app is ground zero for basic stock analysis. It gives minute-by-minute information on stocks and offers fantastic charting tools.

    If you choose to use the “My Portfolio” feature, you can sync your brokerage accounts with your personalized watchlists to see the most important factors in your portfolio. I think the My Portfolio homepage is well organized and perfect for beginners and anyone who doesn’t want to pay for more data.

    My portfolio is free, but Yahoo! Finance also has a paid subscription for $ 34.95 per month. This upgrade includes dedicated dashboard features and more in-depth research reports.

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    Great tools for stock charting

    The user interface contains many displays

    Access hard financial data and news on a single platform

    Trades cannot be made directly through the app

    Final thoughts

    Whether you are an active trader, a single stock investor, or an investor who sticks to index funds, keeping an eye on the market and your portfolio is crucial. Choose one of the apps listed above so you can keep investing safely.

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