Free Stock Trading and Investing Tools

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I’ve recently had an increased interest in the stock market. I know that right now it is more volatile than it has been in recent years, but I also know that over the long run stocks and similar equities are probably going to appreciate. I have also become intrigued by owning dividend-paying stocks and compounding…

I’ve recently had an increased interest in the stock market. I know that right now it is more volatile than it has been in recent years, but I also know that over the long run stocks and similar equities are probably going to appreciate.

I have also become intrigued by owning dividend-paying stocks and compounding those stocks through DRIPs. Over time, dividend investing can be a very successful investment strategy.

While I understand the basics of what stocks are and how trades are made, there are a lot of other details that escape me. I’m very good at saving money and putting it away in retirement accounts where I generally invest in index funds. But I still have a lot to learn when it comes to trading stocks.

New to Trading Stocks?  Try These Free Investing Resources

Free Investing Tools and ResourcesThankfully, there are plenty of free resources available for people, who like me, are learning more about trading stocks and managing their investments. These investing tools range from the beginner to the professional level, so there is something for everyone!

Try some of these free resources to help you learn more about investing in the stock market, balancing your portfolio, assessing investment fees, and managing your risk tolerance.

When used together, these tools can help you become a more effective investor, help you manage your expenses, and hopefully help you where it matters most – the bottom line!

Personal Capital – Free Investment Portfolio Tool

Personal Capital LogoPersonal Capital is a free investment software program that works by importing all your investment accounts and showing you how they work together.

You can use this tool to get detailed asset allocation reports on your investments, see how much you are paying in fees for your investments (including your 401k plan), and use this information to see how your portfolio compares to your target asset allocation, based on your age, investment timeline, and risk tolerance.

This is one of the most valuable investment tools I have tried, and the free price makes it even more attractive. Visit the Personal Capital site to learn more or open an account.

Here are some of the tools that make Personal Capital so powerful:

  • Sync all financial accounts in one place
  • View up to date Net Worth
  • Track Portfolio Performance
  • View and Analyze Asset Allocation
  • Analyze investment fees (and look for lower-cost alternatives)
  • Perform Investment Checkups
  • Track Cash Flow / Powerful Budgeting Tools
  • Bank level security

Personal Capital Dashboard

Related: Compare Mint.com and Persona Capital Apps.

FutureAdvisor – Online Portfolio Management & Investment Recommendations

FutureAdvisorFutureAdvisor is an easy to use, but very powerful investment portfolio tool. Users can opt to use the free account, which gives analyzes your investment portfolio and makes recommendations based on your current holdings, risk tolerance, and investment timeline.

The Premium plan will actually make the trades on your behalf (the advisory fee is lower than what you would find with many other financial advisory firms). To use FutureAdvisor, simply open an account, link your investment accounts with their secure servers, and FutureAdvisor will make investment recommendations, including which holdings to sell, how much to sell, what to purchase, and why. The best part is they can also make recommendations for many corporate 401k plans. Not all plans are currently supported, but they are continually rolling out support for new plans. Visit our FutureAdvisor review to learn more.

MorningStar

MorningStar is one of the most well known and well-respected investment analysis and news companies in the financial marketplace. Morningstar offers some of the best value of any free membership in the financial marketplace.

Morningstar Investment ResearchMorningstar Free Membership comes with: Morningstar video reports, articles, investment data, investing tools, free e-newsletters, and investing classroom courses outlining sensible strategies for maximizing your investments.

Products available with the free Morningstar membership include Morningstar Discuss, to follow fund families and classes, and Portfolio Manager, to track your investments and watch lists with comprehensive stock, fund, and ETF data. Sign up for a free Morningstar Membership.

MorningStar Premium Membership comes with: The Morningstar Premium membership comes with everything in the free membership, plus Portfolio X-Ray, Analyst Research, Investment Picks, and more.

Morningstar’s Portfolio X-Ray has been rated “Best of the Web” by Barron’s for 5 consecutive years. The Portfolio X-Ray Interpreter goes under the hood of your portfolio to provide a useful allocation, sector, and geographic analysis. It’s a powerful and useful investing tool.

Ally Invest Online Brokerage Educational Tools

Several years ago I opened a new Ally Invest account as part of the Ally Invest sign up bonus promotion.

Ally Invest is actually a brokerage, but they also offer a lot of free information to their users and to visitors. There are investing tutorials, videos, and columns covering a broad range of investing topics. Even if you do not use Ally Invest, I highly recommend using their tutorials. Be sure to check out my Ally Invest Review for more information about Ally Invest, or visit the Ally Invest website to sign up for a brokerage account or get free trading and investment information.

Wall Street Survivor – free stock trading game

Do you like fantasy sports? Do you like the stock market? If you answered yes to both questions, then Wall Street Survivor is for you. Wall Street Survivor is a free fantasy stock market that allows you to make and track paper trades in a safe, online environment. You can even join investment groups and win cash prizes! Here is a WallStreet Survivor review. There aren’t many places where you can play a free game and win money!

Advantages of Wall Street Survivor:

  • Free to use
  • Win cash prizes
  • Educational opportunities: free training, videos, and tutorials
  • Learn about stock trading without losing money
  • Join WallStreet Survivor for free

These free investing tools offer a lot of value

It’s amazing how much investing and stock trading information can be found in these products. Try one, or try them all, you are bound to learn quite a bit about how the stock markets work and how to make better stock trades and investments.

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About Ryan Guina

Ryan Guina is the founder and editor of Cash Money Life. He is a writer, small business owner, and entrepreneur. He served over 6 years on active duty in the USAF and is a current member of the IL Air National Guard.

Ryan started Cash Money Life in 2007 after separating from active duty military service and has been writing about financial, small business, and military benefits topics since then. He also writes about military money topics and military and veterans benefits at The Military Wallet.

Ryan uses Personal Capital to track and manage his finances. Personal Capital is a free software program that allows him to track his net worth, balance his investment portfolio, track his income and expenses, and much more. You can open a free account here.

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  1. DDFD at DivorcedDadFrugalDad says

    Ryan– Your recent interest in the market is not misplaced. Now is the time to buy quality stocks that have been dragged down with the bad apples– they are there. Just be prepared to be in these stocks for the long-term.

    Look for branded names with strong earnings and a track record of paying dividends.

    I am also a big fan of DRIPS– Dividend Reinvestment Plans directly through the companies.

    Good post!

    • Ryan says

      I’m a big fan of DRIPs to – but unfortunately, we are seeing a lot of companies cutting their dividends right now due to cash flow issues, or simply to preserve capital. I think investing in DRIPs can be a great way to go, but should only be part of an investment plan. If there is one thing this economy is teaching us, it’s that we need to be prepared for any outcome.

  2. LifeMadeGreat | Juliet says

    Hi

    Seems very comprehensive and as if you’ve spent a great deal of time researching this.

    Juliet

    P.S. see you at the blog carnival next monday 😉

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