I'm having a hard time tracking the performance of my investments (screenshot of my accounts attached). Some brokers like Fidelity/Vanguard/Wealthfront/Betterment have very nice performance data. I know at all times how much is my cost basis and if I'm losing or winning. But I'm having a very hard time to consolidate all the data with other accounts like M1 Finance, Robinhood. Coinbase and others are a real mystery. I don't know what's my return rate or P&L. What would you recommend to keep track of all the investments? I tried Mint and Personal Capital but they don't track investments very well... #personalfinance #investments
Why did you do this to yourself?
Use this, thank me later! https://pcap.rocks/nick2448
Consolidate. Get rid of your Ally checking. Schwab checking should be your go to and maybe BofA as a backup
You should have one checking, one high yield savings, one brokerage, and few credit cards. That’s all you need. Get rid of everything else.
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Mint
Mint is good for looking at your current balance but lacks P&L.
Personal Capital, DM for a referral
How do you feel safe giving out your financial accounts to a random app? If there's a data breach, the stakes are way too high.
Thanks for the suggestion. I agree I can consolidate some categories (cash account using 1 bank, and stocks using 1 broker). But, there's still multiple brokers to handle. E.g. Cryptocurrency (Coinbase), REIT (Fundraise), Lending income (Lending club), HSA accounts (health Equity). There's no one broker handles-it-all. So, I was wondering if people use other methods or templates to keep track of the combined P&L. I do use mint and personal capital, but they don't track it correctly! For instance, my M1 account on personal capital says I have a 300% gain when in reality it's 2%! It doesn't differentiate between market returns and deposits. What a joke!
This is the reason I cant switch from robinhood. Too much of a hassle
You should diversify the equities you buy not the brokerages you use.
Maybe OP wants to guard against brokerage fraud (more meaningful when your assets exceed $500k).