Is Sharesight Worth It? All You Need To Know To Decide For Yourself

If you’re a DIY investor struggling to keep tabs on the real performance of your investments, including all your trades, investment choices, and tax details, Sharesight might just be the solution you’re looking for. It’s a premium portfolio tracker that gives you a clear, consolidated view of your entire investment portfolio, making it easier to see exactly where your money is and how it’s performing.

With more investors than ever spreading their investments across different types of brokerage accounts – from stocks and crypto to options – keeping everything straight can turn into a real headache. That’s the challenge Sharesight aims to solve. Unlike a brokerage, Sharesight is a portfolio tracking tool designed to make it simple to manage all your investment accounts in one place.

It goes a step further by helping you navigate the often confusing world of tax obligations, and it easily links up with many well-known brokerages. This feature is particularly helpful when tax season rolls around, or when you need a comprehensive snapshot of your investments’ health.

So, is Sharesight worth it? In this Sharesight review, I’m going to break down everything it offers, helping you decide if it’s the right tool to simplify your investment tracking and enhance your decision-making process.
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What is Sharesight?

Imagine having a fitness tracker but for your investments – that’s essentially what Sharesight brings to the table. Launched in 2007 by the father-son duo Tony and Scott Ryburn, Sharesight has grown to serve over 300,000 investors globally. It’s like having a personal financial analyst that keeps an eye on every aspect of your investments and taxes, offering an impartial perspective on your trading history and how well your investments are doing.

With capabilities to track over 240,000 global stocks, cryptocurrencies, and funds, it offers a detailed look at performance analytics, dividend tracking, and tax reporting. The platform shines with its ability to seamlessly integrate with over 200 software, brokers, and partners, making it an invaluable resource for those who want a clear, intuitive way to keep tabs on their investment performance.

Sharesight Benefits

Here are some of the benefits that make Sharesight worth it for many:

• Unified Portfolio Tracking: At its core, Sharesight offers robust portfolio tracking, seamlessly integrating with over 200 brokerages. This feature is a game-changer, particularly for investors with assets scattered across different platforms. It provides a holistic view of your investments, taking into account various factors such as capital gains, dividends, brokerage fees, and even currency fluctuations. This level of detail helps investors grasp the true performance of their portfolio, beyond just the surface-level gains or losses.
• Dividend Tracking Without the Hassle: Tracking dividends from a wide array of assets can be cumbersome. Sharesight simplifies this with its automatic tracking feature, covering more than 240,000 global assets. It meticulously calculates dividend income, individual and total yield, and their contribution to your portfolio’s overall performance, freeing you from manual tracking.
• Tax Reporting Simplified: Sharesight shines brightly when it comes to tax reporting. It tailors reports to your tax residency, factoring in currency fluctuations and allowing you to align reports with your local financial year. The platform offers detailed reports on taxable income, capital gains, and all trading activities, making tax time less stressful and more efficient.
• Extensive Integrations for Comprehensive Tracking: With the ability to connect to over 200 brokers and numerous marketplaces, Sharesight stands out for its integrative capabilities. Whether you’re trading stocks, delving into ETFs, or exploring cryptocurrencies, Sharesight brings all your investments under one roof for streamlined management.
• A Visual Take on Diversification: The Diversity Report is another unique feature, providing a visual representation of your portfolio’s diversification. This can be crucial for assessing risk and ensuring your investments are spread across various sectors or regions for balanced, long-term growth.

Sharesight Pricing

In an attempt to make Sharesight worth it no matter what your situation, Sharesight offers different plans at different price points. Here is my breakdown:

• Free Plan: Perfect for beginners, offering tracking for 1 portfolio with up to 10 holdings. It includes basic support and limited reporting.
• Cost: $0
• Starter Plan: Steps it up for those needing a bit more, allowing 1 portfolio with up to 30 holdings and 3 custom groups. Adds benchmarking and file storage.
• Monthly Cost: $15 (or $11.25/month billed annually)
• Investor Plan: Designed for serious investors, supporting 4 portfolios with unlimited holdings, 5 custom groups, and advanced reporting features like future income reports and integration with Xero.
• Monthly Cost: $24 (or $18/month billed annually)
• Expert Plan: The ultimate package for professionals, with support for 10 portfolios, unlimited holdings, 10 custom groups, and premium features like multi-period reports and multi-currency valuation.
• Monthly Cost: $31 (or $23.25/month billed annually)

Is Sharesight Worth It?

So, is Sharesight worth it? That really boils down to your individual investment style and needs. It shines brightest for long-term investors, those juggling multiple brokerage accounts, and anyone invested in or looking at international markets.

It’s designed to not only save you time but potentially some money as well, by streamlining your investment tracking and management processes.

Curious to see if Sharesight fits your investment tracking needs? Click Here to explore more and decide if it’s the tool that can help streamline your investment management process.
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