Moneylife Magazine recently did a feature story on the various tools available to manage your money. Moneylife is a leading personal finance magazine that was started by Debashis Basu and Sucheta Dalal, they provide excellent common sense advice about money. Sucheta Dalal is an award-winning business journalist and author of several books including “The Scam: From Harshad Mehta To Ketan Parekh”.
Their latest issue, features MProfit as one of the tools investors can use to manage their portfolio. At MProfit it’s not just about using our software but also about building a community of investors who have similar goals and providing useful information to our customers.
Currently, there are basic 4 categories of tools available to investors:
1. Watchlists – these are available on many websites and just track your stock and mutual fund holdings on a daily basis. Your financial data resides on an internet server.
2. Expense tracker – these websites help you manage your monthly expenses such as EMI, food, clothing, etc. Your financial data resides on an internet server.
3. Brokers trading platform – allows you to trade through your broker and keep track of your investments, but this requires you to always use the same broker. Some provide this online and some provide a desktop application.
4. Portfolio Manager – There are several online portfolio managers and several desktop applications. (MProfit fits here)
MProfit was created based on 3 simple points:
1. Easy to use
2. Full data security
3. Economically priced
MProfit does much more then just track your investments. Our reporting capabilities are unmatched and our unique “grouping” feature is why people love MProfit.
Over the next year you will see many new features added to MProfit but what we are most excited about are the plans we have around meeting our customers. We plan to have “meetups” in various cities and discuss topics such as financial planning, tax free investment options, how to save money using real world examples, etc… which we believe is what our customers really want!