![]() The app gives you a dashboard view of how the total balance and each individual balance have changed over time. ![]() When you connect investment accounts to Simplifi-IRAs, 401(k)s and brokerage accounts-you get a unified view of your total investment portfolio balance across all linked accounts. Simplifi then provides a holistic view of your financial situation and offers guidance and suggestions for improvements. Users link their financial accounts to Simplifi, plugging in checking and savings accounts, credit cards, loans and investment accounts. It’s billed as an easy-to-use budgeting and personal finance app and includes basic portfolio management features. Simplifi is a recent addition to Quicken’s lineup of money management tools. There is also an excellent retirement tool that lets you test drive various saving and spending scenarios. The planning category includes savings information, a fee analyzer, an investment check and a superb retirement planner. It then shows you the number of fees you’ll pay over time and the effect they will have on your portfolio returns. The investing category provides you with a view of your total holdings across all linked accounts, sector weighting of the holdings, performance statistics, asset allocation and more.Įmpower’s retirement fee analyzer calculates your overall expense ratio across all your investments. The software offers multiple reports and analyses and includes banking, investing and planning tools, and each of these categories offers multiple reports. The only drawback is that you may need to field a phone call and pitch from an Empower representative, which is a small price to pay to access this valuable resource.Īfter linking your investment accounts to Empower, the platform aggregates your data and provides a look at your total net worth and an estimate of your home’s value. You can access Empower’s very well-regarded investment management tools without signing up for the robo-advisor service. The platform also offers free and well-regarded investment portfolio management tools. To add a comparison to your current data series/chart, simply click on the Compare or Add symbol button (displayed as plus sign) on the toolbar along the top of the chart.Empower is a robo-advisor tailored to hands-off investors’ needs. Therefore when you switch to price, both data series flatten out and the chart loses its effectiveness Below is an example of a Google and Apple comparison chart when switched back to price. If you switch it back to price, the chart will collapse unless the price values of the symbols are very close to each other. ![]() The percentage shown is the price movement for whatever period is currently visible on the chart. It is important to note that when you add a symbol to a chart, the vertical axis will change from price to percentage. This demonstrates the same theory as in the above example, but it narrows the snapshot down to a single sector instead of the entire market as a whole. For example, in the chart below, there is a comparison between two automobile companies General Motors and Ford. ![]() The example below shows a chart containing the SPY, DIA and QQQ.Īnother popular use for a comparison chart is comparing two companies within the same sector. The result is one single chart containing easy to read, pertinent information spanning the entire market. This can be accomplished by pulling up a SPY (which tracks the S&P 500) and adding the DIA (Tracks Dow) and QQQ (Tracks Nasdaq) symbols. For example, it is an easy way to visualize market health as a whole. Comparing multiple symbols simultaneously is done for a couple of reasons. The compare function tool is used to compare the market movements of two or more different symbols simultaneously.
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