Here is our Personal Capital review. The one stop shop for keeping track of your investments and liabilities (debt). Personal capital is an app that keeps track of your net worth, but it is sooo much more. Personal Capital links to your accounts in a secure way and gathers all of your expenses and accounts in one easy to use interface. Here are some highlights:
- track your transactions in one place whether you have five accounts and twenty transactions a day or one account and one transaction per day
- follow your cash flow with graphs of your income and expenses
- track your budgeting in a pie graph type interface.
note: Mint (review in our toolbox) is really the better app for tracking budgeting, but if you prefer to keep everything all in one place, Personal Capital is perfectly acceptable for budgeting
- Personal Capital has an awesome graph for your portfolio that tracks all of your investments. You get each breakdowns of each company you have holdings with and what type of investment you have with each company
- You can also track your current holdings and their performance on a daily, yearly or forever basis
- Personal Capital gives you a good idea of how you are allocated and whether or not you should diversify your portfolio . . . for example, I am heavy with U.S. companies and should probably diversify to international investments a bit
- Use their easy to follow investment checkup to compare data on things like historical performance of your investments and future predictions based on your allocation
- Personal Capital has an awesome retirement calculator that gives you an idea of where you are and where you should be in relation to you retirement goals
note: once again, other apps might have better or equally good retirement calculators, but Personal Capital allows you to use one app for everything
- If you need financial advice, Personal Capital provides this as well and even shows you their fees compared to your fees with your current advisor.