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Investing Online - Convenience Made Possible
By Jeff Lakie
Whether you're a pro at investing or just thinking that maybe it's time to
get started, you'll be happy to know that you now have more options
available than ever. And if you're one of those ¡°hands on¡± people who
loves to keep control of your assets, you'll love the potential for online
stock trading.
To some people, stocks seem like a foreign world - a place where the rich
multiply their millions and the rest of the world dare not tread. In actuality,
stocks are a great place for even small and moderate investing. It can be
as safe or as risky as you like. And you can get a really good return on
your investment.
Making online trades is easy. For many people, the most difficult part will
be working up the courage to make that first purchase. Take some time
to do your research and start out with small or moderate investments. It's
okay to listen to advice, but evaluate the source. Many fortunes have
been lost because the investor listened to bad advice.
Most online trades will be much less expensive than hiring a broker to
make your deals, but remember that there's still a cost. It's easy to make
ignore the cost of a single trade when it's only $10 or less. But when
you've made a dozen trades, the cost adds up. Consider your trades
before you make them, and be sure to keep track of how many you've
made so you're not surprised with the expense.
One of the most convenient aspects of online investing is that you can
research stocks and companies, make your decisions and even place
buy and sell orders at your convenience. There's no need to wait until
your broker's office is open and no need to arrange your schedule around
your broker's. If you work days, you can do your research and trades in
the early morning or late at night, whatever's convenient for you.
As you take off with your investing, keep in mind that risk and return are
closely related. As is true of most things, the higher the risk for loss, the
higher the potential return. If you want to be sure that your investment is
safe, be prepared for only a moderate return.
About the Author
Jeff Lakie is the founder of Investing Resources a website providing information on Investing
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