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Investment Tools

Investing becomes simpler, safer, and more effective when you have the right tools at your disposal. As a private investor or investing through a company, these tools will help you streamline your investment process, make informed decisions, and effectively manage your portfolio. PS! Some of the tools you see here for example brokerage platforms are European-centric due to Daedra Capital operating in the EU.

And remember my friend - Trading is not investing.

Investment Tools

Brokerage Platforms​

A brokerage platform is your gateway to buying, holding, and selling investments. Here are some reliable and beginner-friendly platforms:

  • Interactive Brokers: Ideal for global investing and offers low transaction fees.
  • Saxo Bank: Offers a wide range of investment products, including stocks and ETFs. They also provide excellent customer service.
  • Swissquote: Perhaps the best-known Swiss online broker - an all-in-one platform with integrated solutions for banking and investing.
  • flatexDegiro: Provides access to a long list of financial products, including stocks, ETFs, mutual funds, options, fixed-income securities, and derivatives.
  • Lightyear: The investment account the way it should be.Innovative Estonian-based investment broker.
  • Local Banks: Convenient if you prefer familiar interfaces and easy money transfers. Local banks usually have higher fees.

ETF and Stock Analysis Tools​

Analyzing investments before buying helps reduce risk and improve your returns. These tools make that process easy:

  • Yahoo Finance: Easy-to-use financial data, stock tracking, news, and portfolio management tools.
  • Morningstar: Provides comprehensive analysis, ratings, and research for stocks and ETFs.
  • justETF: The leading knowledge base for your ETF strategies.
  • StockSentinel.ai: Distilled market intelligence. AI-powered stock analysis tool for identifying stocks that may be undervalued or overvalued.

Portfolio Management and Tracking Tools​

Effective portfolio management ensures your investments align with your goals and strategy.

  • Yahoo Finance: A free tool that allows you to track your investments, view performance, and manage your portfolio.
  • Empower: A free tool for tracking your investments, including dividends, taxes, and rebalancing.
  • Snowball Analytics: A service for retail investors that helps to plan and track your investments, monitor dividend payouts, and make effective investment decisions.
  • Portfellow: Gain automated deep insights into your entire portfolio’s performance.
  • Portfolio Performance: Free open-source software for detailed portfolio tracking and performance analysis.
  • Sharesight: Cloud-based software for tracking investment performance, dividends, and tax reporting.
  • Google Sheets & Excel: Suitable for beginners wanting a straightforward and customizable way to track their investments.

Robo-Advisors and Automated Investing​

Robo-advisors automatically manage your investments based on your risk tolerance, financial goals, and investment horizon.

  • Betterment: User-friendly automated investing with low fees.
  • Wealthfront: Offers automated portfolio management along with financial planning services.
  • Vanguard: Offers automated investing services.
  • Nutmeg: Provides various portfolio options tailored to your investment preferences and risk profile.

Financial News and Education Resources​

Staying informed is essential for successful investing. Consider regularly checking these resources:

  • Investopedia: Excellent for understanding investing concepts and staying updated with market news.
  • Seeking Alpha: Provides insightful articles and opinions on individual stocks and broader market trends.
  • Financial news websites: Stay updated with real-time news and market movements.
    • CNBC: Offers breaking news and analysis from various perspectives.
    • Bloomberg: Offers comprehensive market analysis and news.
    • Yahoo Finance: Find news about markets and individual stocks.

Legal & Tax Considerations​

Understanding tax implications helps you keep more of your investment returns:

  • TurboTax & H&R Block: Simplify tax reporting for investment income and capital gains.
  • Local Tax Authorities' Websites: Stay updated on relevant laws and regulations that impact your investments.

Next Steps​

Equipped with the right tools, you can confidently manage your investments, stay informed, and pursue your financial goals effectively.

Next, explore how to Spot and Avoid Investment Scams.