If you’re looking to build wealth and your stock portfolio, you have one great tool on your side – the internet. There are a great deal of advantages to investing online from home. It is possible to find good investments on your own if you’re willing to do the work. Below are six of the greatest advantages to investing at home – for those of you with a “DIY attitude.”
#1 – It’s Economical
Investing with a traditional stock broker costs a lot – especially when you’re doing heavy trading – just starting at $100 for 50-60 shares. With an online brokerage, there is a great deal of competition for your business (which works to your advantage). Investing from home will cost you anywhere from $7 to $15 per trade. That’s practically making money on top of your investments.
#2 – It’s More Efficient
Consolidation and organization is key to being efficient. This is especially important when it comes to managing your finances (and even more so when adding a stock portfolio to your overall financial outlook). You can store all of your financial information in one place, making it easier to invest, review your account history, and past trades all with just a few clicks.
#3 – You’re in Control
It’s your money – you deserve to be in control of making your portfolio grow – and with online investing from home, you can do just that. When you’ve done your research, decided on the best investments, and done your own trading, you don’t have to worry about whether or not your broker has done his or her homework. It’s all up to you, and you’re responsible.
#4 – Information is Obtained Quickly and Easily
Just by visiting one website, you can have access to all the information you’ll need to make a decision about whether or not to initiate a trade. Prior to the internet, it would have taken you a lot longer to gather the information you’d need, and it still wouldn’t have been enough. Now you can review analyst reports, industry news while it happens, and real-time stock information in one spot. This will help make your decisions a bit easier when it comes to trading.
#5 – It’s Convenient for You
You’re at home and investing – you can hop online any time to check on your stocks and make any necessary changes to your portfolio, and initiate trades when it’s convenient for you. You never have to worry about when your broker is available, or have to make a visit to a firm every time you want to make a change to your investments. What’s even better, if you travel frequently, you can keep an eye on your trades from anywhere with an internet connection.
#6 – Help is a Click Away
If you ever get stuck, confused, or need help, there is a plethora of online stock brokers who are happy to help you with advice, ideas, and explaining any issues you might be struggling with, no matter what the conundrum.
It’s important to remember that with any investments, you are taking risks and may not always see a return on the investment that you want. Whenever you have doubts, either don’t buy the stocks, or wait until you’ve spoken with a stock broker that you trust (which is almost instant with your internet brokerage).