There are many things that a good investment management software can do for you and all you require is a computer and a Internet connection, and the actual software of course. You must have visited different the stock exchange and Forex websites where you may have pooled in your investments. Alternatively, you must also have your own portfolio depiction. Now one question that we need to ask ourselves is that what is the utility of an investment management software? The software, basically makes the entire set of investments more manageable and it tends to help us out by updating us about the market on an almost daily basis. Constituents of Investment Management Software
As mentioned above, such a software needs to have, one key component, maneuverability. Today, if you are not using a fully dedicated software, and are just making the use of some small tools to collect information, then one genuine problem that you may be facing is that there is too much data and figures to manage, analyze and think about. In short, confusion and chaos in one’s world. Thus, you will have to look for the following features and consider the follwoing question when you decide to do buy such a software.
- How much money have you invested, at what date and into which channel? Most of these software tend to depict your total investments, monetary figure wise and date wise, in some cases they also depict certain rates of return that can be projected as of date, that is the market rates. One of the biggest advantage of using portfolio management software is that you get all the current market prices of stocks in which you have invested.
- What would be the status of you investments in the next few days? Some softwares, which are quite intelligent also depict some of the future projections.
- What is the update today? A great relief for almost all of us, several softwares, act as signal providers. Such updates are always provided in the form of daily changed market prices. Apart from that, some intelligent softwares also provide some great inputs with regards to return on investment and the total yield as of the moment. That is what the yield would amount to if you purchase or sell a said investment today.
- What are the likely investments? You must of course be planning to invest more. If you feed some details such as time period and a budget into the system, then the software also suggests some investments that can be done as of the date and as of the time. Thus you will be able to zero down upon some of the best short or long term investments.
- How much brokerage do I have to pay? Processing charge, brokerage and other fees, that are charged if you want to make an investment. These charges are also depicted and the total amount that would be actually charged is derived.
Types of Investment Management Softwares
The most common investment management softwares are based upon portfolio management softwares. These softwares principally deal with your investments in stocks, financial instruments such as bonds and mutual funds. AlternativeSoft and FC Portfolio are examples of such softwares. Programs like these also incorporate the communication with the brokerage networks. Softwares such as IMS also have a multi currency facility, which facilitate your work if you are resorting to foreign investments and Forex or currency trading.
Apart from financial instruments, there are some asset management softwares which also compute valuation of gold, silver and real estates. People who have interests in multiple real estate, can also use property management softwares, that facilitate market price projections and computations.
