The publicly traded shares of a company are called common, or ordinary, stock. Common stocks make up the majority of trades executed in any given market; therefore, there are more traders who need portfolio tracking software to ensure they make smart decisions with their money. Portfolio tracking software provides investors with charts, graphs and analyses that show how individual stocks in the portfolio are performing.
Free Portfolio Tracking Software
There are a myriad of stock portfolio tracking applications available online for businesses or individuals. Some developers offer their software for download while others are web-based. Free portfolio tracking software applications offer their users the ability to monitor stocks, mutual funds, market indices and other investments from their computer. Free applications aggregate research and news pertaining to the stocks in your portfolio; they often also provide streaming quotes and performance alerts for a particular stock. Free applications are limited, however; some only price stocks to two decimal places, which can be inaccurate; others do not have the ability to generate performance reports or track trends.
Premium Portfolio Tracking Software
Individual investors with more capital to invest might benefit from investing in a premium stock portfolio tracking application. You can either download premium stock tracking software from independent websites that review software or download them from their developers. Premium stock portfolio trackers often do more than just provide research, track and generate performance review for stocks. As an alternative to their no-cost counterparts, premium software applications often provide investment advice and are customisable to the investor's individual needs. Premium applications also provide enhanced financial security by allowing users to password-protect their files.
Business Portfolio Tracking Software
Investments made by a business need software with more functionality. In addition to tracking a stock's performance, portfolio tracking applications for businesses assist with bookkeeping and money management. Business-grade applications are not only customisable, they also provide their users with access to customer support and other services. Business portfolio tracking software allows for multiple accounts and users; some can also be integrated into a company website to allow remote access to their investments. Business investment software can often be tailored to a variety of purposes, from in-house investment management to managing investments for clients.
Portfolio Tracking Software for Taxes
Certain additional tax filings are necessary for individuals or firms who make investments in stocks or other securities. The government will analyse the filings differently based on whether the investments showed a profit or loss, and that's where portfolio tracking software like Quicken Premier and Mint can help. Applications such as Mint help their users organise their finances year-round and before filing, as does Quicken Premier; however, Quicken Premier offers tax advice and can be paired with tax-filing applications. Both help users at a variety of levels account for the changes in their stock portfolios and properly account for the change in their tax filings.
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