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TABLE 1. Ratings of Portfolio Management Software Programs
Criteria are rated on a scale of one to five, with five denoting the best score. Performance rates how well the program or service accomplishes its stated objectives; Documentation rates the quality of the printed materials, on-line help, and manufacturer support; Ease of Use rates how simple the program is to install, learn and operate.
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|
Performance |
Documentation |
Ease of Use |
Price
(AAII Discount) |
Pros |
Cons |
Captool Individual Investor
www.captools.com |
5 |
3 |
3 |
$249 (20%) |
| + |
Calculates profit, IRR, and time-weighted returns |
| + |
Wide range of securities & transactions |
| + |
Customizable reports |
|
| |
Flexibility = more complex operation |
| |
Charge for updates after one year |
|
|
The Investors Accountant
www.hamiltonsoftware.com
|
4 |
3 |
3 |
$195.95 |
| + |
Calculates profit, IRR, and time-weighted returns |
| + |
Wide range of securities & transactions |
| + |
Can specify periods for reports |
|
| |
Flexibility = more complex operation |
|
Microsoft Money 2003
www.microsoft.com/money |
4 |
5 |
5 |
$29.95, Standard;
$59.95, Deluxe |
| + |
Strong integration w/Web tools |
| + |
Setup assistant to help get started |
| + |
Pulls in transactions from major on-line brokers & banks |
|
| |
Not all investors want or need checkbook functions |
|
NAIC Portfolio Record Keeper
www.quantixsoftware.com |
5 |
4 |
5 |
$69 |
| + |
Wide range of securities & transactions |
| + |
Wide range of reports |
| + |
Price alerts monitoring system |
|
| |
Multi-portfolio reports not tax-adjusted |
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Portfolio Analyzer
www.hamiltonsoftware.com |
3 |
3 |
2 |
$59.95 |
| + |
Wide range of securities & transactions |
| + |
Specify periods for reports |
|
| |
Flexibility = more complex operation |
| |
Lacks allocation & value-weighted return calculation |
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Quicken 2003
www.quicken.com |
4 |
5 |
5 |
$59.95, Mac, Deluxe;
$79.95, Premier |
| + |
Strong integration w/Web tools |
| + |
Setup assistant to help get started |
| + |
Pulls in transactions from major on-line brokers & banks |
|
| |
Not all investors want or need checkbook functions |
| |
Premier release with additional investment tools not available in Mac version |
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Reeally! Pro
www.manticsoft.com |
4 |
3 |
3 |
$150, Standard;
$525, Pro |
| + |
Wide range of securities & transactions (Pro) |
| + |
Wide range of reports |
| + |
Graphical performance charts |
|
| |
Lacks projected cash flow report |
| |
No tax-adjusted returns |
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