5 Tips for Staying Organized While Investing

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Organization skills are a crucial aspect of investment. Effective organization can not only simplify the management of your portfolio but also save you substantial amounts of money in taxes and other fees. You can maximize the profits of your portfolio and eliminate a lot of financial headaches just by following a few helpful tips.‏

‏Plan Thoroughly

‏If you want to streamline your organization, you need to plan thoroughly. It’s necessary to keep track of several documents and have them on hand to plan future investments, track the performance of your current portfolio, and meet all your tax obligations. Some of the documents you need to track include:‏

  • ‏Prospectuses‏
  • ‏Monthly statements‏
  • ‏Annual statements‏
  • ‏Transaction statements‏

‏These documents give valuable insight into your investment portfolio and you need to file them appropriately so that you have them available to analyze before making important decisions about your finances. You will also need to keep records of your transactions and annual statements for tax purposes and losing the documentation that you need to file your taxes can lead to a lot of stress and wasted time.‏

‏You also need to plan around your objectives. Be aware of what stocks and other securities you want to track and the conditions that should be met before you choose to make a purchase. What price will you buy and sell at? How much of any given security are you comfortable holding?‏

‏A trading plan helps you organize your portfolio and make wise, efficient decisions. It’s the key to maximizing your investments.‏


‏One of the traditional ways to keep track of your investments and stay organized is to use spreadsheet software like Microsoft Excel or Google Sheets. This organization method is an effective way to manage a smaller portfolio but it can be more difficult and cumbersome to use for larger or complex portfolios.‏

‏Spreadsheets require you to enter all your information manually. This includes your investments, the formulas to track performance, and keeping it updated frequently. While it is possible to automate some of this information you’ll still end up putting in a lot of work.‏

‏The risk of making mistakes is also an issue with this organizational method. Anytime you need to work with large amounts of information manually there’s a chance of human error and this is something you want to avoid at all costs when it can affect your portfolio. Mistakes cause you to lose money and waste additional time fixing avoidable problems.‏

‏Trading Journals

‏The use of a ‏ ‏trading journal‏ ‏ is another way of staying organized while investing. Trading journals are used to track the trades you make. They’re most commonly used for day trading and can help to alleviate some of the risks from this kind of investment.‏

‏A trading journal has a lot of potential benefits including:‏

  • ‏Risk management‏
  • ‏Improving efficiency‏
  • ‏Planning investment strategy‏
  • ‏Trade analysis‏

‏Keeping a good record of the trades you make minimizes risks by helping you to manage time and learning from bad trades. It also gives you important data that you can use to plan your investment strategy by analyzing your previous actions.‏

‏Document Management Solutions

‏Using digital/cloud document management solutions is another effective way to stay organized while investing. These solutions function as a digital filing cabinet to store all your important documents and information. They save time and money while improving your ability to manage your finances‏

‏If you’re still using a physical filing system to manage your investments, a document management solution will take a lot of the complexity out of your filing while enabling you to access important information from anywhere, at any time.

Investment Management Software

‏Investment management software is purpose-built to make your life easier. Not only can it store all the details of your portfolio in one convenient location but it also integrates with real-time information that can help you track performance and plan for the future.‏

‏Software solutions like these are often portable too. It’s easy to carry your portfolio around and access it at all times with your mobile phone, helping you to make timely decisions when required.‏

‏The real key to staying organized while investing is to choose the right solutions and methods for your own needs though. Choosing methods and techniques that fit your individual needs means that you’re more likely to gain from your organization, and the rewards are well worth it.

This is a guest post.