Investing the hard earn money in some long term investment is a
very difficult decision. With the increasing complexities and tough competition you
cannot rely only on the judgment of an individual. Here you require the right
perspective depending what you want to gain from your money. People invest for
different reasons like some are active or clear monitors of their investment
whereas there are people with hands off approach too. If you want to invest for
a long term with least monitoring you will surely need a right tool for a fair judgment.
So here we are with the top 5 tools as reviewed by our readers for the stock
market.
1.
Personal
Capital – After setting a firm investment portfolio it is necessary to keep
a loop that how it’s going. The first thing came in the mind is to watch stock
symbols regularly. However, there are couple of operating systems which have
the functionalities to provide a watch list of stock symbols like the mobile
operating systems of Apple and Google with a narrow perspective of reasons. In
the cases when your investment takes a dip which obviously happens once at some
point then no need to worry and no need to take drastic steps like selling your
investments. In its place you can check Personal Capital for better
understanding of your stock movement and future perspective.
How
it works
Personal Capital enables one to log in your
accounts to provide a complete perspective. For the diversification of
portfolio it has dedicated tools which compare your stock movement with the
market as a total.
The first tool that you should check is
Portfolio Section (in the top navigation bar). With this tool you can measure
the performance of your portfolio with the different indexes like DOW, S&P
500 and many more. If that shows underperformance of your stock you can
consider to selloff your investment. Otherwise if indexes are going down and
your portfolio is still strong, hold for some time. This may result in long
term earnings eventually.
Next is portfolio allocation tool which
states the level of diversification in your portfolio. It shows the proportion
of your invested capital in international and domestic stocks.
You should also check Investment Checkup
tool to glance in diversification in the industries across. As it is said it is
wise to spread your portfolio across industries so that it will get balanced
when one industry underperformed.
The retirement fee analyzer tells the
amount of fees and taxes which will over time influence your retirement
accounts.
2. Sharebuilder-
If you are going to invest first time and is new to stock market then
Sharebuilder is the best tool to narrow the bridge between the first investment
portfolio site and high level professional research tool. This is perfect tool
who wants to watch their investments very closely.
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| Sharebuilder.com |
How
it works
Sharebuilder is basically made to increase
your savings as it enables you to deposit your savings directly in your
account. From the frontend it makes sure your savings should be deposited in
your account without any further delay. Similar to other billings process you
can set automatically deposit option in this tool which makes difficult to
access your savings.
It has a research tab which will allow you
to check information on various companies potentially stronger and which may
cater your interest for investment in future. It is divided into subsections so
that you can keep a watch individually on the type of investment before you
actually jump in like mutual funds, stocks, ETFs and so on.
If you are still confused to make any
decision with this tool since it is your hard earn money so just set a watch
list on the potential stocks observe for the first few months and then consider
investing. Just try to learn how this tool works and how you can make money
from it.
3.
Mint-
For a regular watcher it is difficult to keep a track on lots of investments.
Everyone cannot be a genius. At the end of the day the thing matters is what
happening with your account. Mint is the favorite of our readers as per their
reviews.
 |
| Mint.com |
How
it works
The interface of Mint is simple and
interactive. You just need to sign in to keep a track on the investments. As
you sign in it provides a summary of your accounts as well as the total
investment you have done without any hassle.
Similar to Personal Capital it offers the
measurement of your portfolio with the different indexes like DOW, S&P 500
and many more. It has certain limitation as well like it cannot provide you fee
analysis and industry diversification similar to Personal Capital although it
will depict your current holding/position clearly.
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