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The Power of Investment Management Software

Jan 05, 2022

Many people turn to investment and portfolio management software to ensure they invest their finances correctly. Whether for business or private use, these systems are an effective way to protect your financial future. With so much at stake - how do you know if you’re making the right financial choices?

What Is Portfolio and Investment Management?

Portfolio and investment trackers prioritize and control a person or business’s financial properties, ensuring that someone constantly monitors the asset.

It is possible to work as your own investment manager; however, it’s nearly impossible to commit the time needed to get the most out of your investments, leading to many missed opportunities and lost capital. This is where a professional financial services firm comes in.

What Can Investment Management Do For You?

Investment management helps ensure the best growth opportunities for your investments. It works to:

  • Determine if an investment opportunity aligns with the goals you’ve laid out.
  • Prioritizes if the opportunities available are worth the risk and invests accordingly.
  • If the investment is deemed too risky, it declines to invest in it.

Why Should You Use a Portfolio and Investment Tracker?

If you plan to invest any amount of money or have retirement accounts, it’s necessary to use an investment tracker to ensure that your money is given the best chance at growth.

With a tracker, you have control over your investments, allowing you to make decisions to help you reach your financial goals. You can use a tracker on your own; however, it’s nearly impossible to commit the time needed to get the most out of your investments. 

Should You Use Portfolio Tracking Software?

Using portfolio tracking software helps ensure your money has the best chance by constantly monitoring the market for investment opportunities based on the parameters you put in place. For example, the software works to:

  • Track your balance
  • Monitor your financial holdings
  • Assess your gains and losses
  • Monitor how your investment compares to the market
  • Compare how your investment looks toward your set goals

Financial tracking and management are confusing, so if you don’t understand how the market affects your investments, it’s easy to make choices that negatively affect your goals. You also have an increased chance of missing opportunities to buy or sell that could have saved you money or given you a substantial return on your investment.

Working as your own portfolio manager is also incredibly time-consuming and can easily take over any free time you have.

Benefits of Investment Management Software

Besides freeing up your time to focus on what matters most to you, there are other great benefits to using investment management software:

1. Smart Spending

When you’re asleep or busy living your life, investment management software is there. It monitors the market and makes smart decisions on investing your money based on its movement. With your financial goal in mind, it can determine how to spend your money, using the amount of risk you selected. As a result, this reduces the chance of throwing your money away on unwise investment opportunities.

2. Identifying Your Investment Needs

Investment management software allows you to specify your financial needs and goals and makes the best investment choice to bring you the highest rate of return. You can set the amount of risk you want to take, how much money you want to invest, the length of time you have to meet your goal, and more. The software can work in real-time to determine the best opportunities to match your requirements, so you don’t have to worry if you’re making the best choices to meet your goals.

3. Track Your Investments

When working toward a financial goal, it’s vital to know your past transactions and their effect on your portfolio to ensure wise decision-making in the future. If you’re doing a large amount of buying and selling, it’s easy to lose track of every investment you’ve made. The longer you work with the market, the more complex this process becomes. For portfolio tracking software keeping track of every investment is simple, making it easier to make smart decisions in the future.

4. Better Budget Management

Tracking your budget gets complicated as you make multiple investments simultaneously. You can quickly lose track of your budget, which can be devastating if those investments fail. Don’t take that risk; you can set budget parameters with portfolio management software, so you never have to worry about spending too much money. The software makes investments based on your guidelines, using only your available capital. It examines every aspect of an investment, calculating any fees and adjusting the amount used, so you always stay within your budget. 

5. Easier Planning

Using portfolio management software makes planning for your retirement more straightforward than trying to figure it out for yourself. It makes the best investment choices to give you peace of mind so that you can trust your retirement is in good hands!

What About Investment Management for My Business?

Portfolio tracking software is ideal for your business as it helps you manage the projects and programs you invest in. You can track which projects bring the best return on investment, and evaluate the risks involved in your bottom line. The larger the business, the more essential portfolio tracking software becomes. 

You can’t take your financial future lightly; that’s why using investment management or portfolio tracking software is so important. With this software, you can spend smarter and manage your budget more efficiently. Don’t waste your precious time or money trying to manage everything yourself. Instead, see how freeing using management and tracking software can be at

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Ben Taylor
CEO & Co-Founder at SoftLedger

A CPA with more than 10 years of varied public and private accounting experience, Ben has led many complex financial projects to successful outcomes.

He began his career at Ernst & Young, followed by in-house management roles at Fannie Mae and other public companies.

Ben holds a B.S. in Accounting from the University of Maryland.

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