Investing can be very difficult and using a broker can get extremely expensive. Many people have decided to invest on their own, without the help of a broker. For those who are not extremely well versed in the art of investments, there are several types of investment software out there that can help.
Quicken Premier is an investment management software that can help anyone organize their personal finances. It will create a portfolio for each investment to make management easier. At around $80, this software allows investors to view all of their accounts in one place. It can help people decide which particular investments will meet their needs so they can make a final decision.
The Checklist Investor is a stock market investment software. This will help investors to organize company research, investment ideas, and transactions. There are also Internet research tools available and a simple way to find important investment news. Users can get quotes and trade stock with TD AMERITRADE, while keeping a thorough record of those trades. The Checklist Investor will generate charts to help users visualize their investment data. At around $50, this software is a much cheaper alternative to a stock broker.
A good real estate investment software is ProAPOD. It helps beginners without extensive knowledge about the real estate to be savvy investors. Profitability of investment opportunities can be calculated for the best success rate. ProAPOD has a cash flow and rate return analysis that considers taxes as well as time value. This software is good for the more casual investor who wants to figure out the return on equity or determine if their investment goals have been achieved. ProAPOD can help users figure out the best offer price and compare different investment opportunities. Though it is a bit more costly, at $200, it is an extremely useful tool for the amateur investor who wishes to forgo the use of a broker.
Morningstar.com offers free portfolio tracking software online, which helps manage investment portfolios by tracking and analyzing several at once. There are continuous progress updates and it can be used to manage all existing investments, a 401k, and potential investments. The X-ray overview feature gives the option of viewing investment portfolios on eight different screens to see all the different aspects at once. For a small fee of $9.95 per month, the premium service can be used for further investment features like being able to search the Morningstar database of over 15,000 stocks and funds.
When the process of investing becomes difficult, it may be necessary to utilize some tools to make it easier. While brokers were once the only option for this, there are now new alternatives. There are several types of investment software that can help anyone to invest their money successfully.