Application Concept: Portfolio Tracker (personal use)
This application is designed to help users efficiently manage and allocate their investments or
total financial assets. Here's how it works:
1. Core Inputs:
○ Fund Name: The name of the investment fund or asset.
○ Fund Allocated Amount: The initial amount allocated to the fund.
○ Current Fund Value: This tracks the current value of the investment, particularly
useful for dynamic assets like stocks or cryptocurrencies.
2. Key Features:
○ Total Net Worth Calculation: Automatically calculates and updates the total net
worth based on the sum of all current fund values.
○ Data Visualization:
■ Export data to a detailed spreadsheet for easy analysis.
■ Generate visual representations like charts for quick insights into fund
allocations and performance. The charts are intended for a more visual,
at-a-glance understanding of your portfolio.
3. Real-Time Tracking:
○ For dynamic assets such as stocks and cryptocurrencies, the application will
connect to relevant APIs to track real-time values.
○ The "Fund Allocated Amount" will be updated into the "Current Fund Value"
based on real-time market changes.
○ Total net worth will update accordingly every time a fund's value changes.
This forms the initial premise of the application. Additional features and improvements will be
considered as the project evolves.
VISUALIZATION SKETCH ( on how things should work )
Main functionalities
The image above illustrates the core functionality of the application. It highlights the relationship
between your Allocated Funds and Current Funds:
1. Fund Tracking:
○ Allocated Funds: This represents the initial amount set aside for each fund.
○ Current Funds: Reflects the present value of the fund, which adjusts dynamically
based on changes in fund performance or updated input.
2. Dynamic Updates:
○ Users can modify the Allocated Funds, and the Current Funds will automatically
adjust based on the percentage of fund statistics and the time since the initial
allocation.
○ This allows for accurate tracking and insights into fund performance over time.
3. Static vs. Dynamic Funds:
○ Not all funds are subject to fluctuation. Some, such as savings accounts or fixed
deposits, remain static as they are not exposed to market volatility (e.g., stocks
or cryptocurrencies).
This functionality ensures a clear and actionable overview of financial allocations, catering to
both stable and dynamic investment types.
Types of Funds
The application provides users with a flexible way to allocate and track their investments by
offering multiple fund types. Each type comes with tailored features to suit its unique
characteristics. Users can choose from the following options when inputting a fund:
1. Stocks
● Description: Investments in company shares that are subject to market fluctuations.
● Features:
○ Users can select individual stocks from a comprehensive list.
○ Integration with a Stock Market API enables real-time tracking of stock prices
and fluctuations.
○ Historical performance charts provide insights into market trends and individual
stock performance.
● Net Worth Impact: The value of stock funds updates dynamically based on live market
prices, contributing to the total net worth.
2. Cryptocurrency (Crypto)
● Description: Investments in digital currencies such as Bitcoin, Ethereum, and other
altcoins.
● Features:
○ Users can select specific cryptocurrencies from a list.
○ Integration with a Crypto Market API allows real-time monitoring of
cryptocurrency values.
○ Historical performance charts and volatility indices help track the behavior of
digital assets.
● Net Worth Impact: Crypto fund values fluctuate dynamically based on market
conditions, directly influencing the user's total net worth.
3. Savings
● Description: Traditional bank accounts that offer a secure and stable method of storing
funds.
● Features:
○ Savings Account: Funds that remain static, without market-related fluctuations.
○ Time Deposit:
■ Users can specify an annual interest rate and term length.
■ The application calculates accrued interest periodically and reflects the
growth in fund statistics.
● Net Worth Impact: Savings grow at a fixed rate if interest is applied, ensuring steady
contributions to the total net worth.
4. Other
● Description: Custom funds that do not fit into predefined categories.
● Features:
○ Users can manually name and allocate these funds.
○ No automatic fluctuation tracking is applied.
○ Ideal for unique or personal investments such as collectibles, private ventures, or
startup capital.
● Net Worth Impact: The value of these funds remains static unless manually adjusted by
the user.
5. Real Estate
● Description: Investments in residential, commercial, or other properties.
● Features:
○ Users can manually input the property’s current value and specify an estimated
annual appreciation rate.
○ Advanced users can integrate with property valuation APIs to track real estate
market trends and receive updated property valuations.
● Net Worth Impact: Real estate contributes to net worth through either manual updates
or automated appreciation calculations.
6. Mutual Funds / ETFs
● Description: Pooled investment vehicles that provide diversification and professional
fund management.
● Features:
○ Users can select specific mutual funds or ETFs.
○ Integration with APIs tracks the net asset value (NAV) in real time and reflects
fund performance.
○ Portfolio diversification statistics can be provided for better investment insights.
● Net Worth Impact: The value of mutual funds and ETFs fluctuates dynamically,
reflecting in the total net worth calculation.
7. Precious Metals
● Description: Investments in tangible assets such as gold, silver, or platinum.
● Features:
○ Users can input quantities of specific metals.
○ Integration with live pricing APIs provides updated valuations for each metal.
○ Historical price trends and market insights can be displayed.
● Net Worth Impact: The value of precious metals fluctuates dynamically, contributing to
the total net worth.
8. Loans and Liabilities
● Description: Outstanding debts or obligations that reduce overall net worth.
● Features:
○ Users can input the loan amount, interest rate, and repayment schedule.
○ The application can calculate the remaining balance and deduct it from the total
net worth.
● Net Worth Impact: Liabilities are subtracted from total assets to provide a Net Financial
Position.
Total Net Worth Calculation
All fund types, whether fluctuating or static, will contribute to the Total Net Worth:
● The application calculates the value of all funds in real time, updating the total net worth
whenever a fund value changes.
● Each fund type's contribution to the total net worth is shown as a percentage, providing a
clear breakdown.
● Visual aids such as pie charts, bar graphs, and spreadsheets allow users to analyze
their portfolio effectively.
Additional Features
1. Automatic Updates:
○ Stocks, crypto, and precious metals update dynamically via integrated APIs.
○ Savings and time deposits grow predictably based on specified interest rates.
2. Custom Reports:
○ Generate detailed financial reports in formats like spreadsheets or PDFs,
summarizing portfolio performance.
3. Goal Tracking:
○ Allow users to set financial goals, such as saving for retirement or growing their
portfolio to a specific amount.
This comprehensive structure ensures users have all the tools they need to manage and
monitor their investments effectively
API References:
Stocks
● Alpha Vantage: Free real-time and historical stock data.
● Marketstack: Real-time and historical data from global exchanges.
● Polygon.io: Real-time and historical market data with WebSocket support.
Cryptocurrencies
● CoinMarketCap: Real-time prices, market caps, and trading volumes.
● CoinGecko: Cryptocurrency prices, market data, and historical information.
● CoinAPI.io: Real-time and historical crypto market data.
Savings & Time Deposits
Manual input for interest rates works best here, as real-time data isn't typically available.
Other Investments
Allow manual data entry for assets like real estate or collectibles.
Key Tips
● Check API limits to avoid excessive costs.
● Ensure data accuracy and handle errors gracefully.
These APIs will provide real-time data to enhance your application's functionality.
Monetization
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Ads?
Premium version for normal one only limit accounts to have 6 funds with premium have
unlimited
Preferred tech
NodeJs , React
MAKE SURE THE BACKEND HAS REUSABLE API’S AS WE WILL HAVE A WEB APP AND
MOBILE APPLICATIONS
