Beyond Stocks and Bonds
As investment portfolios become more sophisticated, accurately tracking your net worth requires looking beyond simple bank and brokerage accounts. Complex assets like cryptocurrency, real estate, and alternative investments can represent a significant portion of your wealth. Here's how to track them effectively.
Tracking Cryptocurrency
- The Challenge: Extreme volatility and decentralized holdings. The value of your crypto portfolio can change dramatically in minutes, and you might hold assets across multiple exchanges and private wallets.
- The Solution: Use a portfolio tracker that aggregates your holdings. Manually, you can use a spreadsheet and update prices daily from a source like CoinMarketCap. For automation, a comprehensive tool like Moneko or a specialized crypto tracker is essential. Connect your exchange APIs for a real-time view.
Tracking Real Estate
- The Challenge: Illiquidity and infrequent valuation. Unlike a stock, you don't get a new price for your house every day.
- The Solution: For your primary residence, using an automated valuation model (AVM) from a site like Zillow or Redfin provides a reasonable monthly estimate. For investment properties, a more conservative approach is to use the purchase price and only update it after a new appraisal or a significant market shift.
Tracking Alternative Investments ("Alts")
- The Challenge: This broad category includes private equity, collectibles, art, and more. They are highly illiquid and have no public market price.
- The Solution: Be conservative. For most alts, it's best to track them at their purchase price or most recent official valuation. Update the value only when a new, verifiable price is established (e.g., a new funding round for a startup investment or a professional appraisal for art).
Why a Powerful Tool Matters
Managing these complex assets is where a simple tracker falls short. A platform like Moneko is designed to handle a modern, diversified portfolio, allowing you to see a true, holistic picture of your wealth by integrating these complex assets alongside your traditional finances. This positions Moneko as a powerful and comprehensive tool, similar to the market positioning of competitors like Kubera.