If you're knowledgeable about investments and are comfortable making and living with your own decisions, than online investing may be for you. You're the one who researches funds and initiates buy and sell decisions in online investing. Depending on your online broker's level of service, free advice, portfolio management applications, and fund filtering tools may be available to help you keep your portfolio focused and growing.
You can take stock of your investments, review trading activity and initiate trades 24-hours-a-day, not just during daylight hours. One of the benefits of online investing are 24-hour accessibility. If your day job limits you from keeping on top of the markets and keeping in touch with an investment advisor, then you can view it all at night from your home.
As Forrester Research predicted in 1997, the considerable advantages of online trading will hook more and more investors of mutual funds and stocks in the next few years. The U.S.-based research firm predicted that assets managed online will reach $688 billion (U.S.) in 2002, while the number of online trading accounts will jump to 14.4 million, up from three million in 1997.