Sharesight review

Your detailed review of the online platform that lets you track the performance of your share portfolio.

Sharesight is a share portfolio tracker that aims to make it easier to monitor the performance of your investments. Available online or via mobile app, Sharesight lets you keep track of price updates, track your dividends and compile tax reports.

In this guide, we’ll examine how Sharesight works, its key features and pricing to help you decide whether it’s the right share performance tracker for your needs.

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Pros and cons

Pros
  • Simple and straightforward. Sharesight makes it quick and easy to track the performance of your shares and boasts an intuitive user interface.
  • Wide range of supported exchanges. You can use the platform to track more than 30 stock exchanges and managed funds, including the NZX, ASX and major exchanges in America, Asia and Europe. You can also monitor the performance of selected cryptocurrencies and other investments.
  • Comprehensive reporting. Sharesight offers a range of in-depth reporting tools to help you track your investments. You can keep track of capital gains, dividends, currency fluctuations and more.
  • Free option available. If you have 10 holdings or less, you can track them for free using Sharesight.
Cons
  • Can’t execute trades. As Sharesight isn’t a broker, you can’t execute trades on the platform.
  • Importing data. Sharesight doesn’t offer integrations with all NZ brokers, so you may need to go through the process of importing trade data or uploading it manually. Direct syncing with a wider range of popular brokers would be a welcome feature.
  • Cost. If you have more than 10 holdings, you’ll need to consider whether the cost of Sharesight is worth it compared to free portfolio management tools.

What is Sharesight?

Sharesight is a portfolio tracking tool designed to provide DIY investors with a comprehensive platform to monitor the value and performance of their portfolio. It’s not a trading platform, so you can’t buy or sell shares using the service, but you can use it in conjunction with your share trading platform to track investment performance.

Sharesight offers more advanced features than the basic information provided by online trading platforms, such as the value of your individual investments and your entire portfolio. It allows you to track the impact of dividends, assess how capital gains tax will affect your returns, and manage your tax reporting needs.

Since its inception in 2007, Sharesight has since expanded its offering to customers in Australia, the UK, Canada and elsewhere. It has offices in Wellington and Sydney.

What features does Sharesight offer?

Sharesight offers the following features to customers:

  • Supported exchanges. Sharesight allows you to track the performance of shares on over 25 stock exchanges. These include the New Zealand Stock Exchange, Australian Securities Exchange, the New York Stock Exchange, the NASDAQ and the Tokyo Stock Exchange.
  • Not just stocks. You can also use Sharesight to monitor the performance of ETFs, mutual funds, managed funds, cash, foreign currencies, cryptocurrencies, unlisted assets and more.
  • Dividend tracking. Sharesight allows you to keep track of all your dividends and distributions as far back as 20 years. You can also assess how dividends have affected your overall returns and see what impact reinvested dividends have had on your portfolio value.
  • Comprehensive reporting and performance tracking. Sharesight allows you to track the performance of your investments over any time period, sort them into customisable groups, or sort them based on market, sector, asset class, industry or country. You can also use the benchmarking feature to see how the performance of your portfolio stacks up against a particular ETF or managed fund.
  • Tax reporting. Sharesight offers tools to help you compile everything you need to file your IRD tax return. These include taxable income reports, traders tax reports to calculate capital gains tax obligations, and FIF income reports.
  • Xero integration. Sharesight also allows you to link your account with Xero so you can sync your trading data and simplify tax reporting.
  • Price alerts. You can set up alerts so that you’re notified of market movements.
  • Mobile app. As well as its online platform, Sharesight also offers a dedicated app for Android and Apple mobile devices.

How much does Sharesight cost?

You can sign up for a Sharesight account and track up to 10 stocks for free. There are also three paid subscriptions available, each of which offers different features. Check out the table below for more information.

Free PlanStarter planInvestor planExpert plan
Cost$0$19/month$31/month$48/month
Number of Portfolios1134
Number of holdings1020UnlimitedUnlimited
ReportingLimitedLimitedAdvancedFull
Platform features
  • Automatic dividends
  • Price alerts
  • Automatic dividends
  • Price alerts
  • Automatic dividends
  • Price alerts
  • Cash accounts
  • Xero integration
  • Benchmarking
  • Everything in Investor Plan
  • Contribution analysis report
  • 5 custom groups
Customer support
  • Help centre
  • Community forum support
  • Same as Free Plan plus chat support
  • Same as Starter Plan plus email support
  • Priority email support
  • Priority chat support
  • Help centre
  • Community forum support

How to sign up for Sharesight

If you’d like to sign up for a Sharesight account and start tracking your portfolio, head to the Sharesight website and click on “Sign up”. You’ll then need to:

  1. Provide your email address and create a password.
  2. Select your country for tax residency purposes.
  3. Add details of your holdings into Sharesight and start tracking your investments.

There are three ways to import your holdings into Sharesight:

  • Manually add a trade
  • Import trades from a broker. Sharesight has integrations with Saxo Markets and Interactive Brokers to import trades into your account, and also allows you to import data from brokers like ASB Securities and Direct Broking.
  • Import trades from a csv file

Our verdict

If you’re searching for a share tracking app (and not a share trading app), Sharesight is a lot more user-friendly than the old-fashioned method of using an Excel spreadsheet. It also allows you to track a wide range of assets other than shares.

Sharesight isn’t flawless, but it does offer useful features like comprehensive tracking and advanced reporting. The good news is that you can sign up for a free account and check out the features Sharesight has to offer. You can then compare it against other share tracking options before deciding whether it’s right for you.

Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, CFDs, options or any specific provider, service or offering. It should not be relied upon as investment advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involves substantial risk of loss and therefore are not appropriate for all investors. Trading CFDs and forex on leverage comes with a higher risk of losing money rapidly. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.
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