Especially when you’ve got to incorporate asset allocation, dividend yields, taxation and management fees into it, investment analysis could turn out as one hell of a task. But to save you the energy and time you’d normally invest in doing that, there’s a good deal of portfolio analyzers out there.
Interestingly, these portfolio analyzers are software tools which handle the job of analyzing and tracking your varying investments. Whether you’re looking for a free-to-use tool or willing to shell out some bucks, you’ll surely find a portfolio analyzer that matches your taste.
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Fortunately, we’ve thoroughly assessed some of the portfolio analysis tools out there and based on our rigorous evaluation of these tools, we’re convinced that the top five portfolio analyzers in 2021 are as follows:
Personal Capital is a well-built portfolio analyzer with a pretty range of features including charts and calculators. It strategically categorizes the various elements of your portfolio such that the elements may be arranged under categories such as bonds, stocks, domestic, international, etc.
One of the key features of Personal Capital is its “mosaic” plot chart which lets you form a vivid picture of what your portfolio will look like. The portfolio analyzer is also capable of keeping tabs on your cash flow and net worth.
Personal Capital is a free-to-use portfolio analyzer considered a high-grade visualization tool. One of the exciting perks of the analyzer is that users can get insights and recommendations well suited for their investment needs. The average investor will especially find such insights and/or recommendations useful for taking well-calculated risks or making smart decisions with respect to asset allocation. Armed with such recommendations, the novice investor does have a place from which they can kick-start their investment journey.
Personal Capital’s graphs and charts are considered useful features which give investors a real shot at precise visualization of their portfolios.
Like any other portfolio analyzer you’ll find out there, Personal Capital does have its own downsides. One of these downsides is that except you exhaustively explore its recommendations section, you’re very unlikely to generate adequate insight concerning possible volatility. Another drawback of Personal Capital is that an investor just signing up for the portfolio analyzer might have to deal with a series of phone calls from Personal Capital agents. This is especially if your portfolio holds up to six-figure net worth.
As mentioned earlier, Personal Capital is a free-to-use portfolio analyzer. After signing up for Personal Capital, just endeavor to deal with the series of phone calls which might annoy you. Once you’ve pushed past those calls, you’re certain to begin using the portfolio analyzer without any hitch.
Kubera is a specialized tool distinguished for its ability to track your DeFi assets. Generally, it is a top-level tool for effectively tracking your portfolio and net worth.
Kubera is such a versatile tracking tool that will most likely work for all aspects of your portfolio including investment, banking, private equity and digital assets. This could translate into the conviction that Kubera is the best portfolio analyzer for visualizing your net worth along with alternative assets.
One of the downsides of Kubera is that you have to pay in order to use it. It’s a paid-for portfolio tracking tool available at a monthly price of $15. Interestingly however, Kubera is actually worth paying for, courtesy of the top-quality privacy assurance it offers. Users of Kubera do not risk having their sensitive data sold by Kubera.
Also in return for your money, Kubera offers you a file vault, insurance tracking and a heartbeat check. As if all that isn’t enough, the net worth tracker further boasts a customizable interface, making it easy for users to arrange the various elements of their portfolios just the way they desire.
Kubera supports a whole lot of banks, crypto wallets and even brokerages. With this, you can rest assured that the net worth tracker will serve you well irrespective of the bank, digital asset or brokerage you’re dealing with.
Another con of Kubera however is that the portfolio analyzer doesn’t have a dedicated mobile version at the moment. But the good news is that there’s some credible information about plans to create the mobile version anytime soon.
Morningstar Portfolio Manager
Morningstar Portfolio Manager is an analytical tool tailored to the needs of ETF investors. It is distinguished for its ability to assist investors with precise visualization of their mutual funds, ETFs and stocks.
In areas where some other portfolio analyzers constantly omit essential details, you can count on Morningstar Portfolio Manager to provide you with such details. Most interestingly, Morningstar Portfolio Manager is a free-to-use portfolio analysis service that lets you visualize comprehensive details about each of your ETFs and mutual funds.
But if you must unlock the service’s full functionality, including enjoying the X-Ray feature which allows for deep visualization of your ETFs and mutual funds, your only bet is to subscribe to its Premium plan at a yearly cost of $199.
One of the perks about Morningstar Portfolio Manager is that it provides you with underlying information such as hidden fees. It can also stimulate you to take caution against overinvestment by showing you where you probably invested excessively in a particular stock.
The overarching perk about Morningstar Portfolio Manager is that its features –statistics and charts –are damn simple. You need not acquire advanced knowledge of investing before you can actually make out the features of the portfolio analysis tool. While Morningstar Portfolio Manager doesn’t bombard you with information, the analysis tool still furnishes you with details about asset allocation and the fees to be paid.
However, one huge downside of Morningstar Portfolio Manager is its inability to directly link up with your brokerage account. This burdens you with the need to enter positions in your portfolio manually. Plainly, this is a notable flaw that you won’t experience while using any of the other portfolio analyzers in this post.
With Portfolio Visualizer, investors looking to tweak their portfolios in an awesome manner have probably got their perfect fit. Portfolio Visualizer is well suited for differing asset allocation analysis, and backtesting. Not only does the portfolio analysis tool help you realize excellent timing strategies, it could also be your best bet for Monte Carlo simulations.
While Monte Carlo simulations enable one to figure out the probable length of time over which a portfolio will last, Portfolio Visualizer is packed with an excellent array of tools. In fact, you could be stimulated to adopt a new investment strategy after finding out some of its new tools.
Portfolio Visualizer comes with both free and premium plans. The free plan is good enough since it allows you to enjoy about 90% of the functionality that Portfolio Visualizer offers. Its only snag is that you’ll neither be able to import portfolios nor export to CSV/Excel files. If you’d like to explore all of Portfolio Visualizer’s functionality, including importing portfolios, you’ll have to bear the $19 basic monthly subscription fee.
Like the other portfolio analysis tools out there, Portfolio Visualizer has its own fair share of cons. Portfolio Visualizer tends to appear overwhelming and that’s because it packs an “expansive set of tools”.
Even as much as Portfolio Visualizer constitutes the best portfolio analyzers around, we won’t recommend it to beginners. It is an advanced tool which beginners might find complicated to use. Before you look the way of Portfolio Visualizer, we advise that you first master how to use simpler options –such as Morningstar Portfolio Manager and Personal Capital –in dealing with basic investing concepts.
If you’re a beginner who’s just keen to master how to use Portfolio Visualizer, we recommend that you try your hands on the free plan of the portfolio analyzer. This free plan is such a robust offering that you’ll find handy despite the inability to import portfolios.
Quicken Premier is a proven analysis tool for investors to have an excellent shot at money management. It does offer a lot of capabilities but you’d have to deal with the fact that it’s a paid-for service which costs about $78 yearly.
Amazingly, Quicken Premier lets you access Morningstar Portfolio X-Ray tool which is a high-grade portfolio analysis tool. While you’d like Quicken Premier for its customizable investment management reports, the portfolio analysis service offers buy/sell recommendations.
With Quicken Premier, you’ll find it a lot easy to keep tabs on how your entire investment is faring. Armed with the investment management reports generated by Quicken Premier, you’ll be able to make smart investment decisions.
While Quicken Premier is capable of aggregating your financial accounts, the portfolio analysis service can be accessed either as a mobile app or via its web platform.
The options above precisely pass as the top five portfolio analyzers in 2021 but you shouldn’t expect a single portfolio analyzer to meet all of your numerous needs with respect to investment management.
It could be an ideal strategy that you combine some of these portfolio analysis tools if you must make reasonable success with them. At the same time, bear in mind that tools designed for cash flow management are most likely your best bet for improving financial management.
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