No doubt, digital platforms have become the standard method of communicating and operating in almost every area of our lives.
“Online investing trades financial securities digitally, offering options like stocks, bonds, ETFs, mutual funds, and cryptocurrencies allowing convenient asset transactions with a click."
HOW DOES IT WORK?
- Choose a digital platform (robo-advisor, brokerage, app).
- Create an account and deposit funds.
- Access tools and resources for informed decisions.
- Option for automated investing based on risk tolerance.
WHY CHOOSE IT?
Convenience
- Anytime, anywhere access.
Lower Fees
- Compared to traditional brokers.
Information Access
- Real-time market updates.
Control
- Direct management of investments.
Transparency
- Clear details on investments and fees.
RISKS & MITIGATION
- Online investing, like traditional platforms, carries risks such as market volatility and information overload, leading to hasty decisions.
- Educate yourself, begin with small investments, diversify your portfolio, and adopt a long-term strategy.
- Building wealth takes time; resist reacting to short-term market changes.
THE BOTTOM LINE
Online Investing is convenient and offers lower costs while offering more control.
But remember all investments have risks.
Because investments have risk of losing value and are not FDIC-insured, you should consider consulting a financial advisor before investing. Contact us to learn how we can assist you with your online investment needs.
NMLS #407985