updated 04:40 pm EDT, Mon October 6, 2008
If you own stocks, or just enjoy tracking the market performance of major companies like Microsoft, Apple, and Google, you may glance at a financial website or The Wall Street Journal to see the latest stock prices. Of course rising and falling prices mean little if you don’t also keep track of which stocks you’ve bought, how many shares you own, and what price you paid. To track this type of information, many people type this information in a spreadsheet and then create charts and formulas to track their profits and losses. For a much simpler solution, consider tracking stocks using a product like iStock 1.5.
Unlike a spreadsheet that only stores stock prices, this product can also update stock information every 15 minutes by connecting to Yahoo! Finance over the Internet. Each time the program updates stock prices, you can see how much you’ve made (or lost) for each stock and your entire portfolio.
For those who enjoy watching the stock market during the day, you can view the daily rise (or fall) of each stock based on its price change and as a percentage. To see the history of a stock, display a chart so you can view historical trends.
To give you more flexibility in tracking a stock’s past performance, you can customize the charts to appear as line, bar, or candlesticks. In addition to changing the appearance of a chart, you can also change the time frame from intraday up to five years.
Although the program only stores stock symbols, prices, and shares owned, a click of the mouse can display the latest information about any stock, such as the latest bid or ask price, its P/E, and earnings per share. In addition, you can display a scrolling ticker at the top of the program window so you can see periodic updates to your portfolio’s stock prices.
If you have already stored your stock portfolio information in a spreadsheet or other program, you can transfer the data into this app as a tab separated or comma separated text file. If you need to transfer your data to another program, you can export your data as a tab separated text file.
For approximately $25 (depending on the latest currency conversion rate between Euro dollars and US dollars), iStock 1.5 gives everyone a simple, easy to use program to track their stock portfolio. You may never get rich playing the stock market, but with this program, you can at least manage your investing more efficiently.