Figuring out how to invest your money is not an easy task. You want to make sure you are making the right investments, and then be able to track the company that you invested in. That’s why picking an investing software is so important if you are wanting to start investing. You want to be confident in your decision even a few months after the fact. Below, you will find some of the best investing software for Mac to help you on your investment journey.
Top 6 Investing Software for Mac
- StockMarketEye – Best for Tracking Investments
- Axos Invest – Best For Beginners
- Quicken – Best for Personal Finances
- Moneydance – Best for Managing Investments
- Personal Capital – Best for Personal Investment
- SigFig – Best for Minimizing Taxes
1. StockMarketEye – Best for Tracking Investments
Pricing: $74.99 per year
StockMarketEye is the best investing software if you are really wanting to track all of your investments. You will be able to see all of your holdings in one place to get a clear picture of all of your investments. Managing your investments is easy with their portfolio groups and categories features that will let you organize how you see them. It’s easy to see your gains and losses and you can track future investment ideas. StockMarketEye even has a mobile app that you can download on your phone or IPad so that you are constantly up to date on your investments.
Key Features:
- Automatic currency conversion
- Portfolio groups
- Watch lists for investment ideas
Reasons to Buy:
- Easily see your gains and losses
- Keep an eye on future investment ideas
- Mobile to constantly be up to date
Reasons to Avoid:
- Takes time to learn all of the features
2. Axos Invest – Best for Beginners
Pricing: Free
If you are new to investing, then Axos Invest is the best investing software for you. You do not need to have any experience with investing to sign up with them and get started. When you set your first goal, they will recommend a portfolio that weighs each ETF to give you the risk and returns that you want. Your deposits will be invested the day you make them or on the next trading day. Axos Invest monitors your losses so you don’t have to pay as much on your annual tax bill. By logging into your account, you can see your progress towards reaching your goals, update your information, and just keep track of all of your investments in one place.
Key Features:
- Quick deposit and auto-deposit
- Automatic portfolio rebalancing
Reasons to Buy:
- Easy for beginners
- It is free to start an account
- Mobile app
Reasons to Avoid:
- $500 account minimum
3. Quicken – Best for Personal Finances
Pricing: $77.99 per year
If you are looking for software that will help you with investing but also with personal finances, the Quicken is the best software for you. Although they have a few different plans, the Quicken Premier plan, which is the price listed above, is the best plan that still has a heavy focus on investing. With the premier plan, you will be able to track your investments and your personal finances all in one place. You can pay your bills through Quicken and make sure your investments are doing well with all of the analysis tools that they provide. It is a software that allows you to see all of your finances in one place instead of just being focused on your investments.
Key Features:
- Has a lot of analysis tools for you
- You can pay your bills through Quicken
Reasons to Buy:
- Control personal finances and investments in one place
- Has a mobile app as well
Reasons to Avoid:
- Different plans have different features
- Have to pay a high amount for the investment features
4. Moneydance – Best for Managing Investments
Pricing: $49.99
Moneydance, which is essentially an online bank, is the best software for managing your investments. Tracking your investments to make sure they are growing is important, but being able to manage your investments, being able to make changes quickly and easily, is just as important. It might be even more important than simply tracking them. Moneydance has account registers, where you are able to add, change, or even delete transactions in your account. And all of the calculations are done automatically to make your life just that much easier. Moneydance allows you to see the value of your investments and see how well they are doing overall with an easy-to-understand visual. The mobile app makes managing your investments easy even when you are on the go.
Key Features:
- Easily edit transactions in all accounts
- Calculating balances is automatic
- Graphs/charts offer you visuals of all of your finances
Reasons to Buy:
- Can manage all of your investments easily and quickly
- A mobile app means you can see everything even when on the go
Reasons to Avoid:
- Takes time to learn all of the features
5. Personal Capital – Best for Personal Investment
Pricing: Free
Personal Capital is the best investing software for Mac if you are wanting to get into personal investment. Their asset allocation feature makes tracking your investments and seeing their performance easy, and offers you tips as well. If Personal Capital sees an investment risk, it will suggest ways to get the same results while lowering the risk. You can see your investments’ past performance, and also see how they are currently performing. If you need even more help, you can contact one of their financial advisors, but you do have to pay for that feature. Personal Capital also makes it easy to set target goals and see how well you are progressing to reach that goal.
Key Features:
- Asset Allocation
- Target goals
- Offers you suggestions to lower investment risks
Reasons to Buy:
- Lots of visuals to really see your investments’ performance
- Mobile app to see your account any time, anywhere
- Can talk to a financial advisor
Reasons to Avoid:
- Pay extra to talk to a financial advisor
- Geared towards personal investment
6. SigFig – Best for Minimizing Taxes
Pricing: Free
SigFig is an investing software that helps minimize your taxes. You have to have $2,000 as the minimum balance, but it is free until you make your first $10,000. After your first $10,000 they charge a 0.25% fee. However, Sig Fig has taxes in mind every step of the way. They have tax-optimized sales, loss harvesting, and tax-aware allocation all to try to keep your taxes as low as possible. SigFig also automatically balances your assets and will automatically reinvest for you. They do only work through three brokerages, TD Ameritrade, Charles Schwab, and Fidelity.
Key Features:
- Automatically reinvest for you
- Automatically balance your assets
- Tax-aware allocation
Reasons to Buy:
- Has taxes in mind every step of the way
- Free to get started
- Mobile app to see your account anytime
Reasons to Avoid:
- Have to pay a fee after your first $10,000
- Only works with three brokerages
References and Links:
- https://sourceforge.net/software/investment-management/mac/
- https://www.stockmarketeye.com/tour
- https://www.axosbank.com/
- https://www.quicken.com/products
- https://machow2.com/best-investment-software-mac/
- https://macsources.com/top-investment-tracking-tools-for-mac/
- https://infinitekind.com/moneydance
- https://www.personalcapital.com/
- https://www.sigfig.com/site/#/home/am