Best Investment Tools for Australians

Two useful tools for many investors are PocketSmith and Sharesight. One helps you manage your broader finances, while the other helps you track your investments more clearly over time.

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Quick answer

If you are deciding between PocketSmith and Sharesight, the better choice depends on what you need. PocketSmith is stronger for budgeting, forecasting and cash flow planning, while Sharesight is stronger for portfolio tracking, dividends and investment performance.

What each tool does best

PocketSmith: budgeting, cash flow, forecasting and wider money management
Sharesight: portfolio tracking, investment returns and dividend visibility
Use both together: one helps manage your money, the other helps monitor your investments

Why these tools matter

Better planning helps you invest more consistently.
Better tracking helps you stay motivated and organised.
Better visibility makes it easier to make informed long-term decisions.

Disclosure: This page contains affiliate links. If you choose to sign up through them, I may earn a commission at no extra cost to you. Any tools mentioned are included because I believe they may be useful, but this content is general information only and is not personal financial advice.

Looking to get better control of your finances?
PocketSmith can help with budgeting, cash flow forecasting and planning ahead.

👉 Try PocketSmith

PocketSmith

PocketSmith is a personal finance tool designed to help you understand your overall financial picture. It is especially helpful if you want to improve budgeting, manage spending and forecast future cash flow.

One of its biggest advantages is that it helps you look ahead, not just backward. If you are trying to work out how much you can regularly invest, save or set aside, that kind of planning can be extremely useful.

track spending across accounts
manage a household or personal budget
forecast cash flow into the future
see your broader financial situation more clearly
plan around long-term goals

Sharesight

Sharesight is an investment portfolio tracking tool. It is especially useful for investors who want clearer visibility over ETF and share performance, dividend income and total return.

Rather than focusing on everyday budgeting, Sharesight is more about helping you measure and monitor your investments over time. That can make a big difference if you want a better understanding of how your portfolio is progressing.

track ETF and share holdings
monitor dividend income
view portfolio performance more clearly
keep records more organised
measure long-term investment progress

Want to track your portfolio more effectively?
Sharesight is built for investors who want clearer performance and dividend tracking.

👉 Try Sharesight

FAQ

Is PocketSmith or Sharesight better?

PocketSmith is better for budgeting and broader financial planning. Sharesight is better for tracking investments and portfolio performance.

Are they direct competitors?

Not really. They do different jobs. PocketSmith helps you manage your money, while Sharesight helps you monitor your investments.

Could I use both?

Yes. Many investors may find that using both gives them a stronger overall system, because each tool covers a different area.

Which one suits beginners?

That depends on your current focus. If you first need to get your finances organised, PocketSmith may help more. If you already invest and want to monitor performance, Sharesight may be more useful.

Can calculators still help alongside these tools?

Yes. Calculators help you model future outcomes, while PocketSmith and Sharesight help you manage and track things in real life.