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Computerized Investing > January 19, 2013

Evernote

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by CI Staff

Evernote makes it easy to remember important details and capture information on a daily basis. A user can unclog his memory by using Evernote to create to-do lists, make notes, clip entire Web pages, manage passwords and record audio. Evernote is especially useful because it is easily accessible on all electronic platforms, including computers, cellphones and tablets. We discussed the benefits of the Evernote app for Android here.

When the application is opened, the user is given a brief explanation about Evernote and what its capabilities are. In each note that you create in the application, Evernote’s click-and-drag feature allows you to drag and drop images, audio files and PDFs directly into the note. You can copy and paste images or text from other websites as well. Once the note is saved, you can add a title, location or tag. If a tag is saved, it automatically is loaded into an archive that can be searched by keyword or tag from any device later on.

The Attributes tab allows the user to search through the archives of his notes based on when it was created or modified, what it contains or the source. If you want to know what you’ve added specifically from your mobile device, you can click Mobile and it’s all listed.

Evernote’s Trunk tab consists of a wide variety of third-party apps, services and products that help users get more out of Evernote. The Share tab allows the user to share notes or photos by email or by posting to Facebook, Twitter or LinkedIn. All notes that are created are listed along the left-hand side of the application. There is another section for tags, where a list of tags that you’ve placed on notes or images can be found.

With the Evernote application on your phone, you can take pictures that will automatically upload to your Evernote server, and these images can be accessed at a later date on any of your devices. One of the unique and extremely useful features of Evernote is an optical character recognition (OCR) on your images, which allows you to find them by searching for the text in the images. For example, you can take pictures of products you want to remember and search for the image by typing in the product name.

Overall, this is a great and useful application. Evernote compiles data that you would otherwise have saved on your phone, computer or other device, into one central hub where it is easily accessible. The free version offers 40MB per month for uploading and unpredictable OCR performance, while $45 a year gets you a 500MB allowance per month, priority OCR, better security features and support.

Evernote

http://www.aaii.com/download-library/download?DL_ID=737

System Requirements: Windows 7,Vista, XP

Size: 51.83MB

Price: Free; $45/year for upgraded version


Discussion

Tony Armendariz from CA posted about 1 year ago:

You might mention that Evernote is available for many platforms, not just Windows:
Mac, iOS, adroid, Blackberry,etc.

See:
http://evernote.com/evernote/


Jim Grant from OH posted about 1 year ago:

I cannot say enough good things about Evernote. - - - I came across it about 6 months ago and use it several times a day.

Even though the AAII Computer Investing article is fairly short, it does a good job summarizing Evernote's features. I would emphasize and/or add these features to the list:

* Evernote converts words in pictures, images, and handwriting into searchable text.
* You can associate an Evernote Note to a particular Topic, Person, Location (or any other relevant attribute), making it easy to find at a later time.
* Evernote associates a Note to your location (any place in the world) when you create it (geo-tagging).

But, arguably, the best thing about Evernote is its ability to "capture" information from sources without you having to type it in. "Information" can be text, images, pictures, audio, even video on some devices. Sources include: Anything you see on the Internet, an email you send or receive, a file on your computer, a picture on your smartphone, a scan of paper, a voice recording, and your webcam.

I developed a PowerPoint presentation that I have given to groups and individuals. I would be glad to email a copy to anyone who wants one. Send me an email at jwgrant@aol.com so that I know where to send it. (You will need Microsoft's PowerPoint version 2003 or higher to open it.)

Please note. The presentation I developed is for the general use of Evernote. It is not geared specifically for investing purposes. However, here is a list of ways to use Evernote for your investing activities:

* Capture investment articles you want off the Internet.
* Capture charts and numbers off the Internet.
* Make a list of tickers on your watch list.
* Create and maintain a list of investing web sites that you check out periodically.
* Write down the buy and sell rules of your investing strategy.
* Capture descriptions of companies, their products, customers, facilities, and plans.
* Retain copies of your technical and fundamental analyses.

BTW, I do not work for Evernote Corporation. I do not receive any compensation from them. None of them have ever taken me out to dinner! I promote Evernote because it's a really helpful and valuable app.


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