After months of development we’re happy to announce that MoneyWiz now supports investment accounts (introduced in update 2.6.0)! You can find some screenshots at the bottom.
For full release notes please go here: //wiz.money/kb/release-notes/
Connecting to your brokerage firm
MoneyWiz supports over 4000 brokerage firms worldwide via the Online Banking feature. Just search for your broker and if it’s supported you can connect to it (requires subscription). MoneyWiz will then automatically download new trades, dividends payouts, interest fees and any other account movement that happens.
Alternatively you can set up your investment account manually and keep the trades & transactions tally by hand. People who want to manage investment accounts manually can enter buy and sell transactions as well as expense, income and transfer transactions. Each buy/sell transaction contains information such as the ticker, type of security (stock, ETF, mutual fund, currency etc), number of shares, price per share, total price, commission, date and description.
Automatic Quote Updates
MoneyWiz integrates with Yahoo Finance to automatically monitor the price of your securities. Have in mind that MoneyWiz is only able to retrieve quote updates for securities that are listed on Yahoo Finance. It will automatically update the prices once per hour.
Notice: many non-US securities are listed like that: TICKER.COUNTRY_CODE. For example, Facebook stock listed on the US exchanges would have a ticker “FB”. Facebook listed in Mexico though would be “FB.MX”. You need to input it as you see it on Yahoo Finance, otherwise MoneyWiz may not download the proper quote.
MoneyWiz will automatically calculate and show your total market value, total cash value, how much your market portfolio changed (in total) as well as how much each position changed since you bought it. In future versions of MoneyWiz we plan to expand the statistical information and reporting capabilities. You can also click the Details button for any security and MoneyWiz will open more information about it on Yahoo Finance, presented in a browser within the MoneyWiz screen.
Securities & Trading
MoneyWiz supports all available securities, such as stocks, options, ETFs, mutual funds etc. You can also have all types of trades such as buy, sell, sell short and buy to cover. Investment accounts can also transact like regular accounts, meaning you can have expenses (fees, interest paid etc), incomes (dividends for example) and transfers (when you move money between an investment account and another account).
Once you create an investment account you will be presented with a straightforward and easy to understand screen. In the upper part you can see a graph representing your portfolio movements over a select period of time. In the bottom part you can see either your portfolio or your trades/transactions.
You may want to check out…
If you want to take full advantage of everything MoneyWiz has to offer, consider getting MoneyWiz Premium.
This is our subscription based version of MoneyWiz where one subscription gives you:
- Unlimited use of MoneyWiz on all platforms (iPhone, iPad, Mac, Windows PC and Android)
- All updates are free, always
- All features are unlocked, including Online Banking
- Faster sync & Priority support
To celebrate the release of investment accounts, let us offer you 20% discount for MoneyWiz Premium.