Mint to Expand Free Service with Investment Accounts
Mint.com, a free financial management site I've come to love, is offering users the chance to hop into an upcoming private beta of its service expansion to cover investment accounts such as 401(k)s.
Mint currently makes it easy to see where your money goes by displaying transactions and balances for online savings, checking and credit card accounts. You provide the username and password for each account, and the site automatically pulls in each day's transactions.
It will try to automatically categorize each purchase, deposit or other transaction, though you'll often have to correct its guesses. After you do you can view useful reports on your spending and overall debt v. assets. Read more about how it compares to other online finance sites, and take a look at a piece I wrote on how using it to stay on top of your accounts can help minimize the pain of ID theft.
An e-mail I received from Mint says its new investment-account expansion will allow for pulling in 401(k), IRA, brokerage and mutual fund accounts, and compare their performance to market indices like the S&P 500. It also says it will show details about fees charged to the accounts, something I'd very much like to see.
Here's the link take part in the private beta at Mint from my invite e-mail, which says it should start in a few weeks.
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