Staying on top of your investments can be difficult, especially when you are always on the go and have a busy schedule. There are several apps, however, that make it easy to monitor changes in your investment portfolio. The following is a list of some of the best apps that can track the price and value of your stocks and other investments, as well as help you to keep on top of trends shaping the various markets.
Keeping Up with Your Favorite Cryptocurrencies
Cryptocurrencies are known for their price volatility, so keeping up with the changes is vital to being able to adjust your position when prices swing for Bitcoin and other alternative currencies. Genesis Mining is currently the largest cloud mining company on the market and allows investors to directly mine currency by solving mathematical equations or invest by buying and selling this and other altcoins. While you could simply track the value of your Bitcoin directly through your broker, there are over 800 cryptocurrencies on the market, and many altcoin holders are invested with multiple brokers.
The Blockfolio app allows investors to track all of their alternative currencies from one central hub, regardless of where their altcurrency was mined or purchased. Users receive alerts on changes in price and value in up to 30 popular fiat currencies. They also receive breaking news that affects their Bitcoin holdings and the entire cryptocurrency market.
Track Stocks, Funds, ETFs and More With Free Portfolio Trackers
While you could simply do an online search for the stock you wish to track, this gets to be rather cumbersome if you have more than one company that you are interested in as an investment.
Many brokers offer apps that automatically add the investments that you have purchased through them to a portfolio. Changes are automatically tracked for you, and many will send alerts when the price moves above or below a certain percentage or price point.
The SigFig app allows users to sync up and track all of their investments across multiple portfolios at multiple brokers, including their 401(k) and IRA accounts. The app provides breaking news, as well as investment recommendations, and is a really convenient way of tracking all of your investments from one central hub or dashboard.
A number of publishers of investment advice and business news, such as Forbes and Kiplinger also offer free portfolio trackers on their site. Bloomberg’s app provides real-time streaming stock tickers as well as breaking financial news.
Of all of the tracker apps put out by publishers of financial news, the Yahoo! Finance app may be the best pick of the bunch. This app allows users to track stocks, bonds, commodities and a host of other types of investments, as well as allows them to track and sync multiple portfolios across multiple devices. The app sends alerts when there is breaking news involving one of your investments, and makes it easy to get a quick price quote on a specific investment.
Don’t Forget About the Power of Social Media Platforms to Shape Investment Performance
Staying ahead of market changes isn’t just about tracking changes in price and volume. A growing number of companies are investing in listening platforms like Synthesio in a quest to harness the power of social media insights to give them some advance notice of how customers and followers of a specific company actually feel about its products and services.
Since a company’s performance and overall value as an investment are so integrally tied to public approval of the company, its products and actions, tools are likely to be developed in the future in a way that allows investors to track changes in a company’s level of approval on social media. This helps investors make decisions about whether to buy or sell stock.
If you don’t want to wait for the future to utilize social media in your investment strategy, StockTwits is an app that currently allows investors, traders, CEOs and other business leaders to come together in one space to communicate and socialize their ideas. Users can catch up on their investments and overall market performance as well as learn about trends and new ideas directly from one another.
Benzinga sends stock quotes that update automatically to users mobile devices. The app sends tweets about breaking news, and allows users to share stock prices and other investment news via posts to their social media accounts.
As the world moves further into the binary world for entertainment (Netflix), dating (Tinder) and friendships (Snapchat) it makes sense that our business dealings will follow suit. Don’t be left behind.