PROPS AND CONS OF ONLINE INVESTING
Although online investing does have some undeniable benefits, it comes with drawbacks, too. To see if online investing is right for you, here's a list of the pros and cons of online investing. PROS: Cost: Traditional brokerages charge, on average, about twice as much as online brokerages per transaction. Availability: Online brokerages never close, which allows individual investors constant access to their accounts. Convenience: Online investors can perform transactions anywhere with Internet access, while traditional brokers may require at least one visit. Service: With online brokers, individuals can set stop orders and other important triggers to kick in automatically, preventing potentially huge losses. CONS: Little support: Many online investors buy with little experience or knowledge of the stock market. Online investors don't have a professional to help talk them out of foolhardy decisions. Overbuying: Trading stocks online is fun and cheap, but frequent trading is not g...