Online investing’s popularity continues to growth at rapid pace. About more than 25 million households manage over $1 trillion in assets online. It’s easy to see why online investing attracts new investor: The internet makes buying and selling securities convinient, relatively simple, inexpensive, and fast. In today’s rapidly changing stock markets, it provides the most current information, update continuously. Even if you prefer to use a human broker, the internet provides an abundance of resources to help you become a more informed investor.
To successfully navigate the cyberinvesting universe, open your web browser and explore the multitude of investing sites. These sites typically include a combination of resources for novice and sophiscated investors alike. For example, look at the brokerage firm TD Waterhouse’s homepage (www.tdwaterhouse.com) With a few mouse click you can learn about TD Waterhouse’s services, open an account, and begin trading. In addition you will find the day’s and week’s market activity, price quotes, news, analysts’s research reports, and more. You can learn about various aspects of investing, including products, and make banking transaction thought the TD Waterhouse Bank.
Investment Education Sites
The internet offers many tutorials, online classes, and articles to educate the novice investors. Even experienced investors will find sites that expand their investing knowledge. Althought most investing oriented websites and financial portals include many educational resources, here are a few good sites that feature investing fundamentals:
1. Investing Online Resource
Is and educational site that provides a wealth of information for those getting started online as well as those already investing online. In includes an investment simulator that creates an online interactive learning experience that allows the user to “test drive” online trading
2. Investor Guide.com (www.investorguide.com)
Is a free educational site offering Investor Guide University, which is collection of educational articles about investing and personal finance.
3. The Motley Fool (www.fool.com)
Has section on investing basics, mutual fund investing, choosing a broker, and investment strategies and styles, as well as lively discussion boards and more.
4. Investopedia (www.investopedia.com)
Is an educational site featuring tutorials on numerous basic and advance investing and personal finance topics, a glossary of investing terms, and other useful investments aids.
5. WSJ.com (www.wsj.com)
A free site from the Wall Street Journal, is an excellent starting place to learn what the internet can offer investors.
6. Nasdaq (www.nasdaq.com)
Has an education initiatives section that provides links to a number of investment education resources
Investment Tools
1. Planning
Online calculator and worksheets help you find answer to your financial planning and investing question
2. Screening
With screening tools, you can quickly sort through huge databases of stocks, bonds, and mutual funds to find those that have specific characteristic
3. Charting
Charting is a technique that plots the performance of stocks over a specified time period, from montths to decade and beyond.
4. Stock Quotes and Portfolio Tracking
Simply enter the stock synbol to get the price, either in real time or delayed several minutes. Once you create a portfolio of stocks in a portfolio tracker, the tracker automatically update your portfolio’s value everytime you check
The Internet as an Investment Tools
Online or of, the basic rules for smart investing are the same. Know what you are buying, from whom, and at what level of risk. Be skeptical. If it sounds too good to be true, it probably is! Always do your own research, don’t accept someone else’s word that a security is a good buy. Perform your own analysis before you buy.
Here is some additional advice:
1. Don’t let the speed and ease of making transaction blind you to realities of online trading
2.Dont’t beleive everything you read on the internet
3. If you get bitten by the online buying bug, don’t be tempted to use margin debt to increase your stock holdings
Resource:
Gitman & Joenk
Sponsor
EXPERT STOCK SCREENER
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The more you know, the more you understand
The more you understand, the less money you lost
the less money you lost, the more people trust you to manage their money...