In today’s world of investing, it is crucial to have a reliable tool to track your investments and measure their performance. One such tool that has gained popularity among investors is Sharesight. Sharesight is an online stock portfolio tracker and reporting tool that enables investors to track their investment performance, monitor dividends, and generate tax and performance reports. In this review, we will delve deeper into Sharesight and explore its features, pros, and cons.
Features of Sharesight
Sharesight offers a plethora of features that make it stand out from other investment tracking tools. Some of its notable features are:
Automatic Portfolio Tracking
Sharesight can automatically track your investments, eliminating the need for manual updates. It can integrate with over 170 brokerages worldwide, allowing investors to sync their portfolios seamlessly.
Real-time Performance Reporting
Sharesight provides real-time performance reporting for your investments, enabling investors to keep track of their returns and make informed decisions.
Dividend Tracking
Sharesight allows investors to track dividends from their investments, providing them with a clear picture of their income stream.
Tax Reports
Sharesight generates tax reports that provide investors with all the information they need for tax purposes. These reports include capital gains, dividends, and franking credits.
Collaboration
Sharesight enables investors to collaborate with their accountants or financial advisors, allowing them to provide real-time access to their investment performance.
Pros of Sharesight
Automatic Updates
Sharesight automatically updates your portfolio, saving investors time and effort in manual tracking.
Real-time Performance Tracking
Sharesight provides real-time tracking of your investment performance, enabling investors to make informed decisions.
User-Friendly Interface
Sharesight’s interface is easy to use and navigate, making it accessible to investors of all levels.
Tax Reports
Sharesight generates comprehensive tax reports, making tax time less stressful for investors.
Customisable Dashboard
Sharesight offers a customisable dashboard that enables investors to personalise their view of their portfolio, providing them with the information that is most relevant to them.
Cons of Sharesight
Price
Sharesight’s pricing plans can be costly for some investors, especially those with a small portfolio size.
Limited Brokerage Integration
Although Sharesight integrates with over 170 brokerages, it still does not support some popular ones.
Lack of Real-time Market Data
Sharesight’s real-time performance tracking does not include real-time market data, which may be a limitation for some investors.
Limited Customisation
Although Sharesight offers a customisable dashboard, some investors may find it limited in terms of the information they can display.
No Mobile App
Sharesight does not currently have a mobile app, making it difficult for investors to track their investments on the go.
Conclusion
Sharesight is a leading online stock portfolio tracker and reporting tool that offers a range of features for investors. Its automatic tracking, real-time performance reporting, dividend tracking, tax reports, and collaboration features make it a popular choice among investors. However, Sharesight’s pricing plans, limited brokerage integration, lack of real-time market data, limited customisation, and the absence of a mobile app may be limitations for some investors. Overall, Sharesight is an excellent investment tracking tool that provides investors with valuable insights into their investments and enables them to make informed decisions.
Self-confessed Forex Geek spending my days researching and testing everything forex related. I have many years of experience in the forex industry having reviewed thousands of forex robots, brokers, strategies, courses and more. I share my knowledge with you for free to help you learn more about the crazy world of forex trading! Read more about me.
