Who doesn’t want better investments. Before I tell you about the best investment tool I’ve ever used on a Mac, accept my disclaimer.
I don’t handle money very well. Checkbooks and credit cards are not my friend. When I pick a stock, it goes down. When I pass on a stock, it goes up. So, why should you believe me when I tell you this is one very good Mac app for investments?
It came from my husband.
How To Know Where The Money Went
Until my third year of college I was pretty sure that all you had to do to buy something was use a credit card or write another check. Nobody told me about deposits and balances.
By the time I figured out that managing money wasn’t my thing my future husband was investing online.
My investment in him and his investments made for a good team.
I manage the household and produce the children so he has a reason to manage the money. There’s a complement to the arrangement, so allow me to share some knowledge of one of his tools.
Investing In Investment Tools
Other than Quicken, the Mac has plenty of quality money management apps that range from free and easy to absurdly expensive and complex. Think of the range from Courtney Love to Lady Gaga, but in monetary form.
Investoscope is a portfolio tracker for Mac users. It tracks your investments. Stocks, bonds, funds, et al. Wherever you can park money you don’t need but want to grow, Investoscope tracks it.
Why does my husband swear by it? Well, for one, I won’t let him use a PC anymore. Two, I’m a bottom line kinda of girl with basic money management questions. How much did we have? Where is it? How much do we have now? Can you show it to me in pictures?
That’s what Investoscope does. Create multiple portfolios (personal, business, spouse, test) of stock, bond, or mutual fund investments. Get latest quotes or end-of-day quotes (from free sources) in any major currency.
It handles multiple accounting methods including FIFO, LIFO, average, specific lot identification. Reports are what I like best. Capital gains, income, performance reports, all nicely charted for quick reference.
What you get is a nice blend of eye candy (for investors like me) and details.
Basic tabs provide a Summary of any Portfolio, including gains or losses, classes, sectors, market caps, and the all-important total value.
The Holdings tab displays details from any portfolio, including a fully working test portfolio—perfect for beginners to try before you buy.
Charts display your holdings in one month, three month, YTD, and one year to three year settings. The portfolio can be viewed as a total or as individual holdings within the portfolio.
The only negative I can see, and my husband says it’s a good thing, is the inability to buy and sell stocks with a click. It’s a portfolio manager, not a transaction app. Based on my impulse to buy when a stock is high, and sell when it’s low, maybe that’s a good thing. Even better is the try-before-you-buy option with Investocope. Nicely done. It makes me want to spend less and invest more.