We live in an era where it’s not uncommon to have more than one brokerage account. Don’t put all your eggs in one basket, right?
While this is undoubtedly a solid investment strategy, it can become a pain to keep up with it all.
But Sharesight has a solution. Offering a platform where you can track cash, cryptocurrencies, stocks and mutual funds in one single spot, Sharesight is for anyone wanting to eliminate the hassle.
Read on for an in-depth look at the platform in this Sharesight review.
What is Sharesight?
Sharesight is a comprehensive cloud-based portfolio tracking and management tool designed for individual investors, financial advisors and accountants.
It allows users to track the performance of their investments, generate tax reports and stay up-to-date with company announcements and news.
Sharesight Review: What are the Features?
Sharesight offers many features that can benefit investors of all levels. Here are a few to write home about:
Track Across Multiple Markets
One of the most impressive features of Sharesight is its ability to automatically track your investments across multiple markets including stocks, bonds, ETFs, mutual funds and more.
Once you’ve linked your brokerage account to Sharesight, it will automatically import all your trades and holdings, eliminating the tedious and time-consuming process of manually entering and tracking your investments–that’s what trading journals are for.
Superb Analytics
Sharesight’s portfolio tracking and analytics features are top-notch. The platform offers a range of performance metrics that enable investors to monitor the performance of their investments, including total portfolio value, returns and benchmark comparisons.
Sharesight is particularly impressive in its ability to track foreign currency exposure, enabling investors to track the impact of exchange rate changes on their portfolios.
Tax Reporting
Sharesight also offers a range of valuable reporting and tax features, which are particularly useful for investors who need to prepare tax reports or analyze their investments for compliance purposes.
The platform provides detailed tax reports and capital gains calculations tailored to the tax requirements of different countries, saving investors significant time and effort.
Makes Complexity Simple
Another standout feature of Sharesight is its ability to handle complex investments such as income-generating securities including bonds and foreign dividends, enabling investors to accurately track their investment income and expenses.
This functionality is especially useful for investors who hold complex investments but still want to simplify their investment tracking and reporting process.
Heaps of Integrations
Sharesight also offers an impressive range of integrations with other financial tools, including brokerage platforms, accounting software, and personal finance apps.
This makes it easy for investors to manage their finances from a single location, reducing the need for manual data entry and saving time.
Additionally, the platform automatically imports data from over 170 global exchanges–beating out competitors such as TraderVue–ensuring that users have access to up-to-date and accurate information on their investments.
Ease of Use
Sharesight offers a user-friendly interface that is intuitive and easy to navigate. Signing up has never been easier–just input your personal information and link your brokerage account to get started.
The software’s design is sleek and modern, providing a range of customization options that enable users to tailor the platform’s interface to their own preferences.
The Downside
One of the only drawbacks of Sharesight is its pricing structure. While the platform offers a range of impressive features, including portfolio rebalancing, there are additional costs for investors who exceed a certain number of holdings in their portfolio.
Consequently, Sharesight may not be the best option for investors with large or complex portfolios, as the additional costs could quickly add up. Other platforms such as Edgewonk are a little simpler.
Plans and Pricing
As far as pricing goes, Sharesight offers a free subscription along with three paid plans. Here’s what you can expect:
- Free plan: Sharesight’s free plan allows you to test the platform out with limited reporting features. You can only hold a maximum of one portfolio and 10 holdings.
- Starter plan: At $15/mo, Sharesight’s Starter plan enables you to have up to 20 holdings.
- Investor plan: The most popular option, the Investor plan gives you unlimited holdings and three portfolios for a price of $24/mo.
- Expert plan: The Expert plan offers you five portfolios and everything offered in the Investor plan. This is Sharesight’s most comprehensive plan and it costs $31/mo.
Final Thoughts
Sharesight is an excellent portfolio tracking and analysis tool that offers a comprehensive range of features for investors.
The software’s ability to track complex investments, report tax obligations and integrate with other financial tools are just a few of the features that make it one of the best portfolio tracking and analysis tools available on the market.
Although the pricing structure could be prohibitive for investors with complex or larger portfolios, the value provided is still competitive when compared to other investment tracking and analysis tools available on the market.
All in all, Sharesight is an excellent platform for investors who want to optimize their investment portfolio tracking and reporting process. If you would like to give Sharesight a shot, click here to get started.