Evaluation of Personal Investment Software

Personal Investment Software has three general categories:

1. Tracking involves the process of following and charting investments over time
2. Trading consists of creating a optimal portfolios
3. Selection or Screening involves investments according to certain criteria

Most personal investment software focus on either tracking and trading or tracking and screening.

Evaluating Personal Investment Software:

1. Ability to interpret specific trends and indicators.
2. User manual/tutorial (hardcopy, troubleshooting index and examples, easy to understand)
3. Ability to customize -user interface, modify screens, charts and reports
4. Charting Capabilities-varieties of graphs and tables for data analysis and presentation
5. Data input- how easy is it to transfer data
6. Ease of Use/Installation
7. Intuitive navigation, user-friendly features
8. Banking/Bills-online banking features, electronic payments, account transactions, account reconciliation
9. Financial Planning-plan your retirement, purchases, taxes, home purchases, debt relief and other financial goals and money management concerns and provides
10. Financial calculators- estimate costs, expenses, savings, taxes

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