Online brokerage firms attract more attention
November 22, 2010 No CommentsAround 2000, when online investing just began it was very lucrative and appealing to the fast-trading crowd. Some people tried to become full-time traders, encouraged by its attractiveness of providing the opportunity to get real-time market information straight to your computer at the same time as the experts on Wall Street. Though in 2008 at the same time as online brokerage firms started targeting long-term investors, many of these traders changed back to their prior positions due to the tech bust and the bear market of 2008.
Since then the benefits of long-term online-investments, especially for retirement funds, because of lower transaction fees, have attracted much attention and interest. Online brokerage firms such as Schwab, TD Ameritrade and Fidelity, for example, all offer access to low-cost exchange traded funds (ETFs), which allow long-term investors to quickly and easily buy a diversified basket of investments to help achieve their financial goals.
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