I put together this list of financial tools I use daily, semi-regularly, or as needed because when you find a resource worth using, that does what it’s supposed to do and does it well, it’s nice to spread the word. The list is a work in progress which I’ll update as I run across great tools and resources worth sharing.
Below are the financial tools and resources I use most to help me save, invest, learn, and just make better financial decisions overall. Maybe you’ll find something worth using too.
The best way to learn is through knowledge passed down from others. These are the resources on the site:
- Novel Investor Library – A collection of timeless wisdom – interviews, speeches, research, case studies, and more – for anyone who wants to follow along and learn more. Check it out!
- Book Notes – notes from the books I’ve read over the years broken down by topic (work in progress).
- Quotes – a collection of quotes, to think about and share, from smart people who came before us.
You can’t go wrong reading these other resources either:
- Berkshire Hathaway Letters – The archive of Warren Buffett’s letters to Berkshire shareholders straight from the source.
- Wesco Financial Letters – The archive of Charlie Munger’s letters to Wesco shareholders.
- Howard Marks Memos – The archive of Howard Marks’ memos to Oaktree investors.
- Audible – An easy way to listen to your next book. Audible has the largest selection of audiobooks around and it comes with a free trial to read two books free.
- Personal Capital – One of the better and free financial tracking tools around. It lets you track all of your accounts – banking, brokerage, IRAs, 401K, credit cards, and loans – all in one place. Its strength is tracking and analyzing your investments.
- Retirement Planning Guide – Everything you need to know to start planning for retirement from how much to save, to which retirement accounts to use and how to invest the money.
- Tax Guide – Everything you need to know about taxes because understanding the tax code is the first step in building a healthy financial plan that keeps more of your money working for you while lowering your taxes throughout your life.
- Tax Checklist – This is a checklist I put together every year to make it easier for you to round-up all the tax records, receipts, and forms you need to do your taxes ahead of time.
- Cost Basis Guide – One of the most overlooked areas of tax savings is understanding how realized gains and losses impact your taxes. This guide helps you navigate any potential tax savings before you sell an investment.
- Free Tax Filing Options – The IRS list of free online tax filing options. If you qualify and your taxes are fairly simple, then why pay, when you can file your taxes for free?
- Google Drive – I use Google Drive to create and backup documents, spreadsheets, PDFs, ebooks, and other files. Take a look at the Google Drive mobile app too. You can take a picture of things, like receipts and notes, turn it into a PDF file, and save it online.
- BitWarden – The password manager I use. It’s opensource. It’s easy to generate new passwords, save all your account info, and log in to sites. And it’s low cost.
- Pressable – I host the site with Pressable. Managed WordPress hosting is a must for anyone with a site and Pressable does a great job handling all the important technical stuff — WordPress updates, site backups, site migration, SSL certs, and more — so I can focus on what’s really important…like writing.
Because sometimes you need objective personal financial advice. See also: How to Find a Financial Planner.
- NAPFA – The National Association of Personal Financial Advisors has a location tool to help you find a qualified fee-only advisor in your area.
- Garrett Planning Network – A network of hourly based, fee-only advisors that also has a search tool to find advisors in your area.
Investment, market, and economic resources for DIY investors.
- Finbox – A complete financial toolbox, that I use, including a stock screener with over 800 metrics, preset financial screens, spreadsheet add-ons, data export, watchlist, charts, and more, for stocks in U.S. and international markets.
- FINVIZ – A comprehensive free stock screener with a premium version that gives you real-time quotes, backtesting, and more.
- Magic Formula Screener – For those of you that read The Little Book that Beats the Market by Greenblatt, this is the screener. I recommend reading the book before using it.
- Portfolio Visualizer – Free tool to backtest your portfolio, different asset allocations, and analyze the results.
- Global Stock Market Valuations – StarCapital is the best resource I’ve found for global market valuations based on a number of metrics – CAPE, P/E, P/B, P/S, etc. – updated quarterly.
- Dividend Aristocrats – A list of companies with a proven track record of consistently increasing its dividend for 25 consecutive years or more.
- DataRoma – Tracks the investment activity of big-name value investors through financial filings.
- WhaleWisdom – Let’s you track big investors by comparing changes in 13F filings across quarters.
- Morningstar – Offers a number of free and premium tools to research and evaluate investments.
- FRED – All the federal reserve economic data, research, and tools any armchair economists needs to second-guess the Fed.
- TradingEconomics – Gaint database of economic indicators for most countries in the world.
- Multipl – Historical stats for S&P 500, interest rates, and U.S./World economies.
- Asset Class Returns – A snapshot of asset class returns ranked best to worst over the past 15 years.
- S&P Sector Returns – A snapshot of U.S. stock sector returns ranked best to worst over the past 15 years.
- International Market Returns – A snapshot of developed international stock market returns ranked best to worst over the past 15 years.
- Emerging Market Returns – A snapshot of emerging stock market returns ranked best to worst over the past 15 years.
- Historical Returns – Long term annual returns data for different stock, bond, and international and emerging markets country indexes.