A Beginners’ Guide to Managing Your Money
The Internet has changed the way we live our lives. Not long ago, purchasing stock was not as easy as it is now. The order went through a complex network of brokers and specialists before the execution was completed. In 1983, that all changed when a dentist in Michigan made the first online stock transaction using a system developed by what is now E*TRADE.
Online brokers and easy access to financial data make investing your money as simple as starting a savings account. But in an Internet-driven, do-it-yourself world, is investing also a do-it-yourself activity?
If so, why not just fire your financial advisor, pay fewer fees to your mutual funds, and set up a portfolio of your own? We look at some of the basics of managing…
