If you remember the days of having to call up your broker on the phone or you remember movies from the 80s where they did so, you can probably appreciate a much easier system. Today, we can invest online. It is so simple to go to an online brokerage firm, place an order at your convenience, and watch the order being placed. You don't ever have to meet with a broker or investment professional if you don't want to.
The bad thing about these online firms is that they are on the internet. This makes people worried about their safety. They don't want to lose money and they don't want to lose their identity. With all the scamming and fraud out there, it's no wonder they're worried.
There are a lot of scams out there, especially on the internet. So many sites claim they can make you tons of money for doing just about nothing or very little work. A lot of people don't even make small purchases online because they are worried about identity theft entering their credit card information online.
When you invest money, you will usually invest large amounts of money at a time. The more money you invest online, the larger the risk is. Not everyone will feel comfortable, and that is completely reasonable. What if someone found your login info and stole your money?
You can find online brokerage firms and keep yourself safe. First of all, only use a broker that has been around for a while and is established. Use a firm that a lot of people have been using for a while and have not had problems with.
Choose firms that have online sites with security features. Always make sure that the address in the bar is the right address every once and a while. Choose a site that is protected by the SIPC and that has a padlock symbol in the address bar or bottom of the screen. Make sure your safety is one of their top priorities.
I have been using Sharebuilder for almost 3 years and I am very happy with them. They have all the safety features I described and they are also owned by the reputable bank ING Direct. They also make you change your password at least one time each year.
Another way to stay safe is to only log into your account at home, if you can. Also, don't save your password on the computer just in case someone else uses it. If you find anything suspicious going on, transfer your money as soon as possible. - 16573
The bad thing about these online firms is that they are on the internet. This makes people worried about their safety. They don't want to lose money and they don't want to lose their identity. With all the scamming and fraud out there, it's no wonder they're worried.
There are a lot of scams out there, especially on the internet. So many sites claim they can make you tons of money for doing just about nothing or very little work. A lot of people don't even make small purchases online because they are worried about identity theft entering their credit card information online.
When you invest money, you will usually invest large amounts of money at a time. The more money you invest online, the larger the risk is. Not everyone will feel comfortable, and that is completely reasonable. What if someone found your login info and stole your money?
You can find online brokerage firms and keep yourself safe. First of all, only use a broker that has been around for a while and is established. Use a firm that a lot of people have been using for a while and have not had problems with.
Choose firms that have online sites with security features. Always make sure that the address in the bar is the right address every once and a while. Choose a site that is protected by the SIPC and that has a padlock symbol in the address bar or bottom of the screen. Make sure your safety is one of their top priorities.
I have been using Sharebuilder for almost 3 years and I am very happy with them. They have all the safety features I described and they are also owned by the reputable bank ING Direct. They also make you change your password at least one time each year.
Another way to stay safe is to only log into your account at home, if you can. Also, don't save your password on the computer just in case someone else uses it. If you find anything suspicious going on, transfer your money as soon as possible. - 16573
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