Sharesight: How to best track your share portfolio performance?

Do you want to easily track the performance of your share portfolio?

What is Sharesight?

Sharesight is one of the best share portfolio trackers for Australian investors. Firstly, the Sharesight Portfolio Management Tool can automatically update your holdings along with detailed tax reporting. Secondly, by importing your trading history you can automate all the dividends and updates straight to your portfolio tracker. Thirdly, you get an up to date analysis of the performance of your investments including the option to receive alerts and updates via email. Finally, this portfolio can save you time by exporting the information straight to accounting when it comes time to prepare your tax.

Sharesight provides you with the option to track cryptocurrency investments within your portfolio. For instance, this platform allows these investments to be tracked and prices updated automatically. Most importantly, you can track and access your investment data all in one platform. Therefore, the portfolio tracker makes it quick and easy to see your overall financial position. Furthermore, for other ways to maximise your time, check out the Rental Property Schedule to streamline your tax preparation.

I have included a list of the pros and cons of using the Sharesight Investment Tracker Platform:

Sharesight Pros

• Automate dividends to be tracked
• Receive up to date tax reporting
• Easily export data to other platforms
• Integrate with brokers and accountants
• First 10 Holdings are free on the free plan
• Supports cryptocurrency investments

Sharesight Cons

• Monthly cost for Sharesight premium plan services
• Limited access to advanced reporting on free plan
• Limited chat support and email support on free plan
• 1 portfolio and a 10 holdings limit on the free plan

Sharesight Features

I have included a summary of key features that Sharesight offers across its different plans:

1. Supported markets within stocks, ETFs, Mutual Funds and Managed Funds.
2. Automatic dividends including dividend reinvestments and dividend adjustments.
3. Email alerts providing updates on price and portfolio performance.
4. Mobile Application that can be accessed either via Google Play or the App Store.
5. Benchmarking select any ETF or share investment to compare against the performance of your portfolio.
6. Trade Confirmations automate trade imports straight from the trade confirmation email.
7. Cash Accounts include the cash account balance to see your overall position.
8. Xero Integration synchronise Xero with Sharesight to reconcile transactions against bank statements within your financials.

Sharesight Premium

Firstly there are some great incentives for signing up beyond the Sharesight Free Plan. For instance, this includes additional holdings, advanced reporting, analysis reports and priority email/chat support. To clarify, there is a fee to access the premium services on the upgraded plans. However, you also have access to a range of new and innovative features. If you want to sign up or learn more about the premium options, visit the Sharesight sign up page. Importantly, if you choose to sign up using the link provided you will receive a 10% discount on your monthly premium subscription. For disclosure, as this is an affiliate link I would receive a small commission on the signup. However, for those wanting additional portfolios or are finance professionals with client share portfolios, there is the option for the Sharesight Pro.

Summary

In conclusion, Sharesight offers a streamlined method to track your investments and keep up to date investment alerts all in one platform. Moreover, the easy integrations with different apps such as Xero and the ability to export data straight to an accountant or broker save both time and money. For more insights, learn about the different ways that you can better manage your investments and money. Have a read of the WeMoney review that analyses the pros and cons of the budgeting app. Alternatively, If you would like more information on online investing, have a read of the Pearler review and Pearler Tutorial Guide to Investing to get started.