StockMarketEye Review – Portfolio Management For Long-Term Investors

About StockMarketEye

StockMarketEye is a well-rounded portfolio management software geared more towards long-term investors than active traders. StockMarketEye is intuitive to use and makes it simple to track the performance of multiple investment portfolios over time. StockMarketEye offers some basic charting features, but is relatively limited in scope.

The software’s value for money is limited by the fact that many brokerages offer similar portfolio accounting tools. However, StockMarketEye may be worthwhile for investors who have multiple brokerage accounts. Our StockMarketEye review will help you decide if it’s right for you.

StockMarketEye Pricing Options

StockMarketEye is a desktop software that costs $74.99 per year. You can install StockMarketEye on as many computers as you want, but you can only run the software on one device at a time.

StockMarketEye also offers a 30-day free trial. Customer support is available by email only.

StockMarketEye Features

Portfolio Tracking

The primary function of StockMarketEye is to track the performance of multiple long-term investment portfolios. Creating a new portfolio in StockMarketEye is pretty straightforward. You can import entire portfolios by connecting your brokerage accounts, uploading a CSV of investments, or manually entering stock purchases. StockMarketEye is capable of managing stock, ETF, mutual fund, option, and forex investments. As you’d expect, it can also account for commissions, dividends, and all other relevant collateral transactions with a few manual adjustments.

Once you’ve created your own portfolio in StockMarketEye, you’ll see the current market performance of every asset. Data is updated in real-time or on-demand according to your preferences. All of this data is then turned into reports that show the performance of a single portfolio over time (similar to MarketRiders), or all of a user’s portfolios, compared to major indices.

The reports are convenient and simple to interpret – you don’t need to be an investment banking analyst to understand them. However, there isn’t much to differentiate them from the reports offered for free by most brokerages. The biggest advantage is that you can see you can aggregate investments from different portfolios to see your overall performance. This could be useful if you have a 401(k) portfolio at a different brokerage than your individual investment account or IRA.

One other useful feature within StockMarketEye is that it imports fundamental data for all of your financial investments. You can quickly compare fundamentals for stocks in a portfolio, which can be helpful when making investment decisions.

Alerts

More active investors might find the alerts feature within StockMarketEye to be useful. The alerts can be used to replace Google Finance alerts, but don’t expect anything too in-depth. StockMarketEye’s alerts can only be based on a single criterion, and most available criteria are related to price or gain/loss rather than to any technical indicators. Investors who want more actionable alerts should consider platforms designed for active traders such as ThinkorSwim.

Charting

StockMarketEye does include some basic charts. However, like the rest of the platform’s features, these charts are designed for analyzing financial investments rather than to help you study technical indicators in great detail. You won’t find advanced charting tools like the ones that TradingView and TC2000 provide.

The shortest chart period available is one day and the selection of technical analyses that can be applied to charts is limited to the most popular indicators. One nice feature of the StockMarketEye charts is that they make it extremely simple to compare two stocks, ETFs, mutual funds, or indices over time. However, it is again difficult to identify any unique features of these charts that differentiate them from what can be obtained from a brokerage or a free charting software.

Mobile Apps

A modern advantage to StockMarketEye is that the software is available as a mobile app for both Android and iOS devices. The app layout is relatively streamlined and makes it easy to see the performance of assets in a portfolio at a glance, but lacks the advanced portfolio organization tools of the desktop software.

Note that the app costs $1.99 on the Apple App Store and $2.00 on the Google Play Store. The apps can be used without having a StockMarketEye subscription. If you do have a subscription, StockMarketEye will sync your data between the desktop and mobile versions of the platform.

Layout and Customization

Perhaps the biggest advantage that StockMarketEye provides is that it allows users to create a multi-level hierarchy for their portfolios and watchlists. Investors can create new portfolios with the click of a button, as well as organize portfolios into groups for different purposes. Within the navigation pane on the left of the platform, portfolios can also be dragged-and-dropped to re-order them and move them into different groups.

The interface of the StockMarketEye software is somewhat reminiscent of an old version of Microsoft Excel (similar to Market XLS). For example, all asset data is tabulated in a grid that resembles Excel. The interface doesn’t appear outdated, though, and it’s extremely simple to navigate. This format also makes exporting data simple, since what you see in StockMarketEye is almost exactly what you get if you export a CSV file.

One thing to watch out for is that StockMarketEye offers both portfolios and watchlists. Although the two asset lists are fundamentally the same and almost entirely identical in terms of the options available for managing them within the software, StockMarketEye strictly delineates them. Therefore, there are near-identical menus for portfolios and watchlists.

StockMarketEye Compatible Brokerages

It is straightforward to link StockMarketEye to accounts at most major US brokerages. However, keep in mind that this account link can only be used to import transaction data when creating a portfolio, and cannot be used to update transactions or to buy and sell holdings.

StockMarketEye Platform Differentiators

StockMarketEye is a relatively simplistic portfolio tracking software that does not offer much in the way of unique features. The main advantage to StockMarketEye is that it can import data from a number of different brokerages as well as easily handle manual transactions. This makes it possible to track the performance of portfolios that have been purchased across multiple brokerages or that involve multiple types of assets. The ease with which users can export data to Excel – given the Excel-like interface of the software – also makes it simple to extend the usability of portfolio performance data.

What Type of Trader is StockMarketEye Best for?

StockMarketEye is best for long-term investors who have multiple portfolios with different goals or who have holdings across multiple brokerages. The platform does feature basic charts, fundamental data, and price-based alerts for investors who want to take a more active role in managing their holdings. However, it does not offer the advanced research tools that more heavily involved traders would want for managing stocks. It also doesn’t offer the analyst research and recommendations that many brokerages provide.

StockMarketEye may be most helpful for fund managers and complex investment management programs. These users could take advantage of StockMarketEye’s organizational features to organize their various investments stay up to date on the performance of custom portfolio groupings.

Pros

• Easily import transaction data from brokerages
• Organize portfolios and watchlists into groups with drag-and-drop functionality
• Basic charts, fundamental information, and price-based alerts
• Excel-style interface makes exporting data simple
• Mobile apps available for iOS and Android

Cons

• Few unique features beyond what most brokerages provide
• Cannot be used to buy and sell holdings from brokerage accounts