Custom Search
|
|
Easy Online Investment
This article provides us some information about online investment. Whether you are a homemaker or a career woman it makes good sense to put away a few pennies for a rainy day. And the smart way to see them multiply is through easy online investing. Ketan Trivedi explains how (KETAN TRIVEDI IS HEAD, MARKETING, IDBI CAPITAL MARKET SERVICES) All you need is a computer, net connection and a subscription to a three-in-one online investing account with any such service provider. With the pressures of time and the wide array of options available, the entire process of investing can be a very daunting experience for most of us. Just consider what all you need to do - you have to maintain separate bank and demat accounts and monitor them; you have to plan your investments often without proper information, tools and advice; plus there is a constant struggle with the paperwork that is generated (for instance, try filling out an application for a new issue of shares); and last but not least, you have to keep track of your investment portfolio and net-worth. And since most of us aren't financial wizards, this could lead to an undesirable situation. You might end up being too dependent on someone. Or, take wrong decisions while planning your investments. Worse still, you might even throw your hands up and give it all up. But worry not; help is at hand ¬online investing is indeed a great boon to the lay investor. Today technology enables you to plan a smart investment strategy in the comfort of your home and at the time you like, all at the click of the mouse. All you need is a computer, Net connection and a subscription to a three-in-one online investing account with any such service provider. The online mode of investing largely eliminates all the major hassles of investing. It provides a wealth of information, analysis and tools ¬sourced from experts and compiled in an investor-friendly format - that enables you to take informed decisions. Invest anytime and from anywhere at your own time and convenience (yes, even at night). There is virtually no paperwork involved as all transaction records are online and statements are available in digital form. The integrated operations between your bank, demat and trading accounts simplifies matters. Plus you can easily track your investment portfolio and net-worth online. The online mode allows you to invest across different asset classes like equity shares, mutual funds and IPOs (Initial Public Offerings) amongst others. Given all the advantages of online investing, there is a considerable reduction of the risk factor and a greater probability of you earning handsome returns on your investments. So, get ahead and click up a smart portfolio! HOW TO GET STARTED… First off, you would need to register as a member for an integrated three-in-one online trading account with any service provider. The Three Accounts Are: 1) A trading account that enables you to transact online. 2) An Internet-enabled bank account for online money transfers, with any of the banks the online service provider has a tie-up with, and 3) A demat account, where your shares will be deposited. Before signing up with any online service provider, you should consider the following factors: • Credibility and credentials of the service provider: While there are several service providers for a retail investor like you, the backing of a reputable bank or financial institution can always provide the additional safety and surety that you seek. • Which investments can you make online: Are you allowed to invest in equity shares, mutual funds and IPOs fully through the online route or in only one of them? To derive the full power of online investing, it is important you get to invest in all of them online. • Quality of information and content: Ensure you are getting the best of information, research support and tools, which is provided to you in an easy and reader- friendly manner. This would be very important in taking informed investing decisions. • Speed of order execution: Are you able to place your equity orders and receive quick order confirmation during peak hours or are you going to struggle with getting access just when you need it the most? • Array of products to choose from: A few service providers starting from the basic (classic) accounts to more advanced ones (trading platforms with live and streaming equity market information). • Safety: Check for the security features inbuilt into the system, especially since any loopholes could make you vulnerable to Internet fraud. • Customer care: Does the service provider have a dedicated customer care cell to address your queries and problems? • Additional features: Apart from the above criteria, find out about the optional features offered, whose importance can be determined based on your own investing needs. For instance, ability to sell shares the following day before receiving delivery, SMS alerts, intra-day trading in equities, etc. investment,online,shares,equity,finance,money,trade,service,source,queries,plan,safety,value,market Article Directory: http://www.articledashboard.com |
|