About Thallo
Thallo lets you see your whole net worth in one place and how it's changing. It covers bank accounts, savings, brokerages, pensions, crypto, property, cars, loans and credit cards, each in whatever currency it's in, and adds them up to one total in the currency you choose.
What you can see in Thallo
Each account in Thallo has one balance in its own currency. You type in a new balance when you have one, and Thallo converts everything at daily exchange rates and adds it up. From there you can see the total, the change since last month-end and a 12-month trend. You can also see how your money splits across the four categories (Liquid; Illiquid, trackable; Illiquid, estimated; and Debt), how much is in each currency, and how up to date your numbers are.
The thing I most wanted was to see why the total moved. Say my net worth in kroner goes up DKK 13,745 in a month. That might be DKK 19,473 from my balances going up, minus DKK 5,728 because the dollar and the baht got weaker. In another month, almost all of the change might come from exchange rates. Thallo works this out for each account on a screen called What moved.
Why I built it
For years I wanted one place where I could see everything I own and understand how it was changing. I kept a net worth spreadsheet for a long time, and tried a few apps along the way. Some needed my bank logins and others wanted every stock and fund entered, and neither suited me.
At one point I started building my own tracker and ran into the same issue with individual holdings. Tracking them meant live prices, trade imports and corporate actions, which was a lot of work for a number I only look at now and then.
So Thallo keeps one number per account. If an account hasn't changed, updating it is one tap, and if it has, you type the new number. It works the same way for a car as for a brokerage account, so everything can go in one place.
What Thallo doesn't do
- Connect to banks, brokerages or exchanges.
- Track holdings, tickers, live prices, per-stock performance, cost basis or dividends.
- Do budgeting or sort transactions into categories.
- Calculate tax or give investment advice.
Other tools already do those things well, so Thallo sticks to your total and how it has changed.
How it's built and paid for
Thallo is independent and has no investors, and it doesn't make money from advertising or from your data.
It's free during early access, and later it will become a paid service. You'll get 30 days' notice before that happens. Exporting and deleting your data will always be free. I want the people who use Thallo to be the ones paying for it, not advertisers or partners.
Try it
You can start with the account you check most often and add the rest over time.