Portfolio tracking has lots of merits – as I wrote when reviewing Sharesight – it allows us to have a real-time understanding of our portfolio performance, track dividend and corporate actions, and much more.
Such insights can give us a powerful understanding about our investment strategy and refine them if necessary. My philosophy has always been that you can only manage what you measure – which is why tracking these kind of stuff is very important, although sometimes it can be quite cumbersome and mundane to manually track with legacy spreadsheets. We all have better things to do in life right?
Ten years ago, tracking stocks or portfolio performance would be extremely painful. I went through that phase when I had to use multiple excel spreadsheets, manually record every dividend paid with their ex-date and record every buy/sell transaction to make sure my records are accurate.
Today, with technology advancements,