This is a list of services I personally recommend to build wealth, save money, and increase your performance and efficiency.
I hate clutter, and don’t like using a lot of apps or having a lot of memberships or accounts. So, I only focus on what I consider the best and highest-impact products and services that are simple but powerful.
Personal Capital is by far the best tool I’ve found for managing your money, pushing your net worth higher, and planning for retirement.
And it’s completely free.
The tool provides a complete picture of your financial situation:
Most of us have multiple accounts, like one or more bank accounts, a 401(k) or TSP, a Roth IRA, a taxable brokerage account, etc.
And it’s a hassle to keep track of our overall positions across multiple portfolios. Your 401(k) might have domestic stocks, foreign stocks, bonds, emerging markets, etc. And then your IRA has a different set of investments with a lot of overlap. Are you sure you know how much percentage of your wealth you have in each?
This tool shows you your overall portfolio weighting across all accounts, like how much money you have in each type of investment you own.
It also includes:
- A graph of your net worth over time, to see where you stand.
- A detailed breakdown of where all your expenses go each month.
- A fee-scanner, to find hidden fees you might not be aware you’re paying.
- A retirement planner, that helps you figure out if you’re on track.
And it uses bank-level encryption for maximum safety. I use it myself.
You can access the free tool here.
Simple Investing with M1 Finance
M1 Finance is in my opinion the best platform to invest on for most people, and I personally have an account there.
It’s completely free, with no annual fee or commission fees. You can build your own custom portfolio, and re-balance it with the press of a button, or set it so that whenever you add new money it automatically re-balances to your targets.
Unlike most robo-advisors that only let you invest in a small number of ETFs, M1 Finance lets you invest in a broad range of ETFs and individual stocks.
They offer pre-built portfolios from experts that you can invest in, or you can make one for yourself. You can keep it simple with a small number of index funds, or you can add specific companies you want to own to your portfolio.
For more advanced users with accounts worth $10,000 or more, they also offer some of the lowest margin rates in the industry.
If you want to do more advantaged strategies like options trading or buying stocks directly on foreign exchanges, there are more complete brokerages that offer more opportunities in exchange for higher fees. These are the two I use and have been very happy with:
Fidelity Investments: An excellent one-stop-shop for index funds, as well as individual stocks and options. My Roth IRA is at Fidelity.
Charles Schwab: Another great brokerage, especially for individual stocks and options. I particularly love the free research you get, including Morningstar analysis. One of my earlier taxable investment account is with Schwab.
Interactive Brokers: The go-to broker for more advanced investors, especially those wishing to invest directly on foreign-exchanges. I have another taxable account at IB.
Not all brokers are the same. In addition to providing premium research (typically worth hundreds of dollars per year if purchased from the source directly), some of them have better order execution than others, and can get you better prices on your stocks or options, which usually more than makes up for their commissions. The top ones, like IB and others, also let you convert currencies and invest directly on foreign exchanges.
I have a premium membership here on LynAlden.com that covers global macro updates and individual stock ideas every two weeks. It has a relatively low cost and is ideal for long-term fundamental investors.
If you’re an active investor that is looking to combine fundamental investing with technical/sentiment analysis, I also contribute to the Stock Waves research service. We have three analysts including myself that look for stocks where the fundamentals and the technicals align for a high-probability outcome. This is at a higher price-point, and includes my premium material along with these other technical charts.
If you want live Q&A and a premium forum, check out Rebal Capitalist Pro. It’s also at a higher price-point, but includes my premium content with George Gammon’s forum and some additional access for live questions.
In addition, I’ve worked or partnered with a number of analysts over the years who supply good research for investment selection and risk management.
- Sure Dividend Database: A great dividend stock research database that covers hundreds of stocks by several analysts. Back in 2019, I helped expand their database a bit by covering some additional stocks for them.
- Dividend Growth Investor: A low-cost streamlined newsletter with hand-picked dividend growth investments. One of the most affordable “growth at a reasonable price” newsletters on the market, with a great track record and zero hype.
- Undervalued Shares: A very low-cost service that provides research on value stocks with a European/international focus. It’s so cheap that I’m not sure why an investor wouldn’t have it, and Swen’s research is very detailed.
I have a detailed article on my favorite investing books, which you can check out here.
My #1 recommendation is The Most Important Thing by Howard Marks, a billionaire bond investor. The book is wise, concise, and broadly applicable to all asset classes.
If you’re interested in analyzing individual stocks, I recommend StockDelver, my digital download for analyzing companies.
I don’t run random ads on this site. You can check out all my affiliate disclosures here.