Accessibility to the internet has made it much easier for people to invest in markets around the world. Faster communication means that trades can happen quickly, no matter what time zone a person is in. Here are some of the many groundbreaking ways the internet has made the investment world easier for everyone:
Less costly communication
When communication is expensive, people communicate less. When there is less communication there is often less trade and more mistakes are made. Data has become cheap in all but the most remote locations, where the cost has dropped dramatically.
Ability to work from anywhere
Office space is another aspect of business that is costly. With the internet, people can work from home offices. This is also much more environmentally friendly. People need space to live, but that space is regularly empty, yet is heated or cooled. In the meantime, workers go to another space that must be maintained. The ability to work from anywhere with online access means that investment firms can draw from a larger pool of highly qualified applicants from around the world.
Better access to information
You don’t have to be a stockbroker to get good access to the latest news in the investment world. This was not at all true in the past. Now we can read financial journals, newspapers, blogs, and more, right on our phones or even smartwatches! This transparency can make investments seem less scary for small investors or those who are a bit suspicious in general. Financial experts such as Fahad Al-Rajaan, Wafra Investment Advisory Group Inc can help people all over the world make good investment choices. Fahad is also the chairman of the Kuwait Real Estate Investment Consortium and helps manage the Kuwait Social Security Fund. Translation programs have made it possible to break down language barriers with clients who do not speak the same language as their investment firm. Without the internet, it would be impossible for him to manage all these different and important investment groups.
Apps help investors understand and manage their portfolios
Many investors know that a diverse portfolio can help them reduce their risk and produce steady returns for the long-term future. In the past, this meant that investors would have to log in to many different websites to get up to date information about their investment. Wikinvest allows users to connect many different sites to their app so it is possible to see an overview of your entire portfolio in many cases. GuruFocus allows investors to see what successful investors are investing in. This can add some insight into investment decisions for the inexperienced and experienced investor alike.
Continued development of apps will make investing easier
People love the convenience of an app, especially when it makes it easier for them to be in control of something as important as their investments. Developers will no doubt continue to improve apps and make them more accessible to a greater number of people, and expand them to platforms such as smartwatches and other wearable technology.