If you live in the UK and manage your own portfolio, I’d urge you to go and try it out – there’s no charge to use it.
The app is still in what I would consider a ‘beta’ state and there’s lots of work to be done to turn it in to the ‘go-to’ tool for portfolio/asset allocation tracking, but it already solves a couple of the biggest problems I personally had with my spreadsheet-based portfolio tracking methodology.
Automatic price retrieval
Once you’ve told Rebo what assets you hold in your portfolio, you will never again have to manually retrieve prices for them. When you log in to the app, it will display up-to-date prices for everything that you own.
If you buy more of a particular security, just edit the number of units you hold like so:
and Rebo will do the rest.
Investment accounts all in one place
The Accounts page in Rebo gathers together all of your investment accounts and wrappers on a single page giving a user-friendly view of which assets are held in each account and how much of each you hold:
My main inspiration for embarking upon the Rebo project was the desire to simplify the management of my portfolio’s asset allocation.
At the moment, if you tell the app what you own, it will automatically keep track of the current state of your asset allocation and draw you a nice pie chart like this:
We have plans to add more advanced asset allocation features in the very near future such as
- automated rebalancing alerts
- a ‘What should I buy/sell?’ calculator
I manage investments for my wife (in addition to my own). My monthly financial review flow chart involves a step to monitor the proportions of our joint portfolio owned by each of us (I like to keep ownership as close to 50:50 as possible).
Rebo now keeps track of that for me, and draws me an ownership pie chart. So, if my investments tank and my wife’s do well, our next contribution to the portfolio will be tilted in favour of my accounts!
Platforms and tax wrappers
I’m really interested in the idea of FIRE (Financial Indepenedence, Retiring Early) so the management of tax wrappers (e.g. SIPPs and ISAs) is very important. I need to make sure that we’re not diverting too much of our new money into pensions when we’ll need healthy ISA and taxable account balances to draw down between the ages of, say 50 and 58.
For this reason, Rebo has been designed to also display how your portfolio is allocated to different platforms/tax wrappers. Again, I’ve gone for the pie chart view:
As things currently stand, the next big developments in Rebo are likely to be
- Monitoring what happens to the portfolio over time (tracking value, contributions and investment performance)
- Generation of rebalancing trigger emails
- Projections/planning/progress tracking features
However, we’re really keen to know if we’re on the right track so don’t hesitate to let us know what we need to do to make Rebo perfect for you. What features are missing? Are we missing any funds you’d like the software to track?
Just get in touch with us at hello <–atsign–> reboapp dot co dot uk with your feedback.
Thanks for checking it out!
Andy (and James!).