3 Ways Technology Has Changed Investments

Technology has changed the way the world sees nearly everything. Music, friendships and shopping have been forever altered by the internet. But how does this new technological advancement affect your investments? The birth of the internet has actually created a better market for investing for both investors and brokers. You no longer have to meet in an office or study up at the library to understand your stocks; and when it comes time to sell, you can do so from the comfort of your own home. Included here are a few ways technology has changed investments.

Accessibility of Information

In the past, getting into the investment game was a huge, risky endeavor. It was hard to find good resources and information about brokers, reliable stocks or big returns. You had to spend time researching, possibly at the library, and reading a great deal of books. While there is nothing wrong with reading, you likely have better things to do with your time that sort through textbooks about investments and returns.

One of the greatest effects technology has had on investments is the increase in accessibility to information. With the power of Google, you can simply search a stock and learn about its value and company history. While it is possible for online public images to be misleading, you can usually dig up the facts about a company before you make the commitment. Investment is far easier when you know exactly what you are getting into with just a few clicks.
Taxes

Image Source: Pixabay

Lower Fees

The cost of dealing with some investment managers is astronomical. You want to trust their expertise, but are concerned that their cost is greater than their value. Working online can allow you to buy into stocks for a much smaller price and see returns without excessive commission fees. Companies like Robinhood allow their customers to invest in stocks without paying any fees! You should have a look at robinhood review to see if this is the app suitable for you! Some online brokers may charge a small $10 fee to perform a trade online, as opposed to astronomical percentages billed by other physical brokerage businesses.

Online Platforms

While some traders have been accused of falsely boosting stock values online, the pros of using an online platform usually outweighs the cons. Trades made through online piping have actually decreased a great deal of fees associated with brokerage traders. With the significant “paper trail” left behind by the internet, law enforcement agencies were also able to crack down on insider trading by banks recently.

Some of these online platforms offer free bank account systems for investors as well as the most minimal fees for trades. Virtual brokers were able to enter the market for far less than their real-world counterparts who faced greater overhead costs and setup expenses. This means that online trading talent is far more diverse than what you will find at brokerage firms in your town.

Osho Garg

About Author
Osho is Tech blogger. He contributes to the Blogging, Gadgets, Social Media and Tech News section on TecheHow.

Comments