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⚡ Quick Verdict: Is Sharesight Worth It?
- Best For: Investors with >10 holdings or those who hate manual tax spreadsheets.
- The Free Plan: It is genuinely free forever (up to 10 holdings), unlike competitors with time limits.
- The "Killer" Feature: Automatic adjustments for Dividend Reinvestment Plans (DRPs), which are a nightmare to calculate manually.
- The Cost: Paid plans start at ~$19/mo, but are typically tax-deductible.
Tracking your investment portfolio can start simply. A basic spreadsheet seems fine at first.
Then you buy another ETF. You sell a stock. You receive a dividend. You participate in a Dividend Reinvestment Plan (DRP). You buy an international stock.
Suddenly, your simple spreadsheet is a monstrous, multi-tabbed beast with broken VLOOKUP formulas. You have no idea what your true annualised return is, and tax time becomes a four-week nightmare.
That’s when I found Sharesight.
💰 Deal: Get 4 Months Free
Use our exclusive link to track 10 holdings for free. If you need more, you get 33% off (4 months free) on any annual plan.
Claim Your 4-Month DiscountWhat is Sharesight?
At its core, Sharesight is an cloud-based investment portfolio tracker.
Think of it as the "Xero for investors." Instead of you manually entering every dividend and trade, Sharesight automatically tracks all your trades, dividends (including DRPs), and corporate actions. It connects directly with over 200+ global brokers to import your trading history automatically.
✅ The Pros
- + ATO Compliant: Generates Taxable Income & CGT reports instantly.
- + Free Plan: Free forever for portfolios under 10 holdings.
- + History: Handles 20+ years of historical corporate action data accurately.
❌ The Cons
- - Mobile App: The app is basic compared to competitors like Navexa.
- - Cost: Paid plans can feel expensive for medium portfolios (11-20 stocks).
Key Features: Why It Beats a Spreadsheet
1. Automatic Dividend & DRP Tracking
This is the #1 reason to sign up. Manually tracking dividends is tedious. Sharesight handles this automatically. When a company you own pays a dividend, Sharesight records the payment and, if you have a DRP, automatically calculates the new shares purchased and adjusts your cost base.
2. True Performance Tracking (CAGR)
Your broker's dashboard is a "live value" tracker. It can't tell you your true annualised return. Sharesight calculates your Compounded Annual Growth Rate (CAGR), factoring in the timing of your cash flows.
3. Powerful, ATO-Ready Tax Reports
This is the feature your accountant will love. It includes:
- Capital Gains Tax (CGT) Report: Automatically calculates gains/losses using "Minimise CGT" or FIFO methods.
- Taxable Income Report: A summary of all dividends and franking credits.
Sharesight vs. Navexa: Which is Better?
The most common alternative to Sharesight in Australia is Navexa. Here is how they stack up in 2025:
| Feature | Sharesight | Navexa |
|---|---|---|
| Free Plan | ✅ Yes (Permanent) Up to 10 Holdings |
❌ No 14-Day Trial Only |
| Standard Plan Cost | ~$32/mo (Annual) | ~$25/mo (Annual) |
| Holdings Limit (Paid) | Unlimited | Unlimited |
| Mobile App | Basic | ✅ Superior UI |
| Crypto Support | Good | ✅ Excellent (7000+ coins) |
The Verdict: If you have a small portfolio (under 10 holdings), Sharesight is the winner because it is free. For larger portfolios, Sharesight is generally preferred for its robust tax reporting history, while Navexa is better if you trade a lot of Crypto or need a slick mobile app.
Sharesight Pricing: Is It Free?
Yes, Sharesight has a 100% free plan. It allows you to track up to 10 holdings forever. This makes it perfect for ETF investors who just hold a few funds like VAS and VGS.
2025 Pricing Tiers (Annual Billing)
| Plan | Price | Holdings | Best For |
|---|---|---|---|
| Free | $0 | 10 | Beginners & ETF Investors |
| Starter | $19/mo | 20 | Hobby Investors |
| Investor | $32/mo | Unlimited | Tax Automation (Most Popular) |
| Expert | $49/mo | Unlimited | Trusts & Complex Portfolios |
💡 Is Sharesight Tax Deductible?
Yes! According to the ATO, expenses incurred in managing your investments (like portfolio software) are generally tax-deductible.
If you are on the 32.5% tax bracket, the $32/mo plan effectively costs you only ~$21/mo after your tax return. (Check with your accountant).
Is Sharesight Safe?
Yes. Sharesight uses bank-level 256-bit encryption. Crucially, it only requires "read-only" access to your broker. It cannot execute trades or withdraw funds.
The Final Verdict
After using Sharesight for years, the peace of mind knowing my DRPs are calculated correctly and my tax report is ready in one click is priceless.
Ready to Automate Your Portfolio?
Don't waste another weekend on Excel. Sign up for the free plan today, and if you ever upgrade, you'll get 4 months free automatically via the link below.
Get Started for Free + Claim DiscountFrequently Asked Questions
Q: Is Sharesight really free?
A: Yes. Sharesight has a permanent Free Plan that allows you to track up to 10 holdings. This plan is excellent for new investors.
Q: Is Sharesight tax deductible in Australia?
A: Yes, for most investors, the subscription cost is tax-deductible as a cost of managing your investments.
Q: Can Sharesight connect to CommSec and Stake?
A: Yes. Sharesight connects to virtually all Australian brokers. The easiest way is via the "Trade Confirmation Email" feature.