Are Millions A Mouse Click Away? E-Investing
March 7, 2006 | In: Guest's Articles
With the advancements in technology. it is amazing we ever even leave our houses. We now have the conveniences of online banking, shopping with eBay and every other online store known to man and even e-investing is commonplace. Is this an incredible expediency or are we opening ourselves up for an e-meltdown?
Investing on the internet or e-investing grew in popularity along with day trading several years ago. What was once a closed playing field was then opened to anyone that wanted in. Many took part; some made serious money while others made themselves crazy as their money evaporated. Now, however, e-investing has extended to ?regular? investors also.
While many people are not comfortable making deals for themselves, many happily click the keys to buy and sell their own shares on the stock market. Even bonds are readily available online, including government bonds issued from the treasury department.
Another realm of e-investing is that of retirement accounts. Numerous brokerage firms and banks have come on the scene offering IRA?s and Roth IRA?s online, many of which completely condense the process so that no additional action is necessary. This is literally a one-stop-shop, even allowing you to choose funds, allocate the amount of your investment goes to each fund, and completely automate the process through bank drafting.
A less considered area on online investing is an extension of basic online banking. Many banks and other firms have extended their online services to include selling certificates of deposit and, while very basic investing, opening and maintaining online savings accounts.
One bank in particular comes to mind which only provides online service. Boasting higher interest rates as a result, this bank offers a savings account, C.D.?s, and Roth IRA?s. However, you can not argue with success, their rates of return are higher than any I have ever seen with a traditional bank.
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