The internet is very accessible and this particular feature of the online world makes it a very attractive tool or mechanism for various organizations to transact their usual or day-to-day operations including the stock market.
If you are an investor, you would want information about your investment available twenty four hours a day, seven days a week. You want to gain access to the various factors that caused your stocks to go down and you want all these provided to you at whatever time of the day, wherever you may be. And where else could you find this accessibility? Only in the virtual world.
The internet has created a whole new world of opportunities for investors. There are a lot of investment opportunities available online and researching for them can be done very quickly and inexpensively. What you have to realize though is that the internet is not foolproof. There are a lot of pitfalls and setbacks that you will encounter especially if you are not very careful with your transactions. If you want to invest wisely on the virtual world, follow these tips:
1. Password protect your online investment accounts. Passwords are the keys to your investment and you don’t want anyone accessing them without your consent. If you have multiple investment accounts, do not use a universal password. Avoid writing your passwords in a piece of paper because you might lose this piece of paper. Use different passwords for different accounts but you have to make sure that your passwords are very easy to remember but hard for other’s to guess.
2. Do not share your password information t anyone online, over the phone or over email. You don’t know who can be tapping into your phone line or eavesdropping in your conversations.
3. Install anti-virus and anti-spyware programs in your computer and update them regularly. This will ensure that your virus definitions are up to date and that no new threats can enter your computer. Check also that your computer firewall is turned on and that your router’s firewall is also turned on. Malwares abound online and scammers as well as identity theft criminals can take advantage of your computer’s vulnerability.
4. When accessing your financial accounts, only use your personal computer. Refrain from using shared computers or those that are connected via wireless network. These computers are being accessed by you and other people, and it makes them prone to being hacked and the personal data that you entered in your transaction can be viewed by identity theft criminals, scammers or hackers.
5. Be aware that not everything that you read online is true. There may be a lot of online newsletters, blogs and bulletin boards that present very “amazing” facts about certain topics or investment opportunities but these can be paid advertisements in the form of blogs.
6. If you are searching for investments, try to check out unprejudiced sources first. You can try searching the US Securities and Exchange Commission site and other organizations that are available online.