For long-term investors, StockMarketEye is a solid choice for portfolio tracking. The app is easy to use and designed with a clean, intuitive interface that helps you quickly get up to speed. Account linking and report generation can be completed in a few clicks.
Think of it like the dashboard of a luxury sedan rather than the cockpit of a 747 jumbo jet. We don’t need the hour-by-hour charts and technical indicators used by day traders. We just need a convenient interface showing all our investments in one place – simple.
In this review, we’ll explain what the software is, highlight some of the best features, and point out some drawbacks that could be improved on.
What Is Stock Market Eye?
Before we can review a software, we need to be clear about what it was designed to do. If we’re reviewing a refrigerator, we can’t call it a bad fridge because it can’t microwave a Hot Pocket. We have to judge it based on what it’s designed to do – not on what we imagine it should do.
StockMarketEye is a portfolio tracking and organization tool designed for long-term investors. It’s not a trading platform. It’s not a broker. It’s specifically designed to give us a consolidated view of our investments based on data received automatically from our various accounts and from data we input manually. For this task, it performs well.
If we only have one investment account, the software won’t provide much value. All it will do is replicate our broker’s interface and add an unnecessary layer of complexity. The value of this software emerges when we have many accounts (e.g., 401k, IRA, trading, banks, etc.) that we want consolidated, tracked, and analyzed in a single interface.
Once our data is consolidated, StockMarketEye can produce analytical reports that show portfolio performance, total net worth, trends across different investment classes, and others. It’s a level up from what our individual accounts provide. The software also delivers watchlists, virtual portfolios, comparative charts, and more.
In short, StockMarketEye exists because our individual accounts and brokers have no incentive to offer account consolidation with their competitors. StockMarketEye fills this gap.
What It Can Do
- Consolidated portfolio management
- Watchlist tracking and virtual portfolios
- Link brokerage and investment accounts
- Automatic and manual data input
- Track stocks, ETFs, mutual funds, options, forex, commissions, dividends, and more
- On-demand report generation
- Performance analysis
- Real-time data and charts
- Alerts
What It Can’t Do
- Trade order submission
- Complex technical charting and indicators
- Active analyst insight and research
Best Features
Now that we know what StockMarketEye is supposed to do, let’s see if it succeeds. These are some of the features we think make StockMarketEye stand out.
Designed for Long-Term Investors
This is the main value proposition. StockMarketEye is a welcome alternative to apps built for day traders. We get a clean, organized interface that allows us to easily track our various investment accounts in one place. No more, no less.
We don’t need to track hour-by-hour price fluctuations or subtle technical indicators. We barely need to check daily fluctuations. In other words, we need a telescope, not a microscope. StockMarketEye is an excellent solution to this problem.
Intuitive Reports
Whether you need to pay taxes, get a business loan, or sign a prenuptial agreement, you might need a net worth report, which is a complex and tedious process to complete from scratch.
StockMarketEye’s simple and intuitive report generation features helped us create a total net worth report with just a few clicks – no computer science degree required. The software can produce a variety of other performance and analytical reports as well.
Watchlists & Virtual Portfolios
A prepared investor is always looking ahead. Watchlists and virtual portfolios help investors keep track of future purchases or test out new strategies without risking real money.
StockMarketEye has a robust watchlist and virtual portfolio system that gives us everything we need to track future trades, test strategies, and hone our trading skills – without wiping out our nest egg in the process.
Easy Account Linking
Good tracking apps need to reliably and seamlessly link with external accounts. This is one of the key values of a portfolio tracker: It has to be easier and better than tracking these accounts separately. If it takes longer or is less accurate, the whole thing is a waste of time.
StockMarketEye makes this process simple and easy. Set it up with a few clicks, and you’re all set. After initial set up, the software automatically updates with data pulled directly from our accounts, which saves us time and headache.
Simple & Intuitive Interface
As long-term investors, we’re usually busy people. We don’t have time to devote hours to studying tutorials and mastering complex new software. We need simple and intuitive solutions that just work.
StockMarketEye has a streamlined, user-friendly design that had us up and running in minutes. We could clearly see how to set up portfolios, track stocks, create charts, or generate reports. Sure, we needed to look up a few things, but for the most part, the solutions were obvious.
Mobile & Desktop Solutions
We live in a mobile world and we need solutions that can travel with us when we’re on the go. But we also need a system that provides integration across platforms. If we need to update a desktop app and a mobile app separately, it’s a waste of time.
StockMarketEye is available in both mobile and desktop versions. With one account, we set up the software on desktop and mobile devices, which allowed for seamless integration across platforms – a massive time saver.
Free Trial
As the software is not exactly cheap, we need to be sure it’s the right choice before we plunk down the cash to make a purchase.
Fortunately, StockMarketEye lets you try out the complete software for a full 30 days just to see if it’s a good fit. Besides being helpful to us, it’s a strong indicator that the developers believe in the product they’re selling. Nothing hidden behind the curtain.
Areas for Improvement
No software is perfect. Here are a few ways we think StockMarketEye could be improved in the future.
Limited Support
Currently, support is only available through text manuals and via email. While this helps to keep costs down, it’s not much consolation if we’re stuck and need a report for a meeting the next morning. In these situations, it would be nice to have a direct line to a human expert who can talk us through a solution.
Subscription Model
About a year ago, StockMarketEye transitioned away from a single-purchase license to join the current software trend of subscription pricing ($74.99 per year as of February 2023). While some users might complain about the shift, there’s a silver lining.
Developing high-quality software costs money, which is a good sign. It means the developers are in it for the long haul. So, while the subscription model might be an annoyance to some cost-minded investors, it’s a good indicator the software might stand the test of time.
Plus, we can continue using the software even if we cancel the subscription. We lose future updates and support, but we can keep tracking our portfolios with the version we had before we canceled. Most subscription services cut us off the moment our subscription expires.
Still Working Out Some Bugs
Finally, while we haven’t experienced any bugs or glitches ourselves, some other online reviews indicate errors like inaccurate data imports or failure to automatically cost-average stock purchases. If true, this is a problem.
If the software isn’t accurate, it defeats the entire purpose of the system. However, the good thing about the subscription model is that the developers are always working to make improvements. If there are errors, they won’t be there for long.
Final Word
Overall, StockMarketEye is a great solution for what it was designed to do: track, consolidate, and organize portfolio data. As long as this is what you’re looking for, it will do the job as well as anything else out there. If you’re a day trader, you might need a more complex system.
Again, it’s not fair to criticize the app for lacking features it was never designed to h
