Online Investing

How cool is to tap away on a computer keyboard from anywhere in the world to get the latest update on your own financial realm? Who wouldn't want to have the magic of building wealth at their fingertips 24/7? These days, that financial magic is just a click away.

But first you need to decide with whom you are going to be doing your online investing. The fastest computer ever made and a pile of cash big enough to get lost in are always two very nice things to have around. Unfortunately, that pile of cash can quickly become memories drifting in the wind if you don't hire the right broker. Even online.

Everybody knows to be skeptical with so many internet sites and pop-up ads offering to separate you conveniently and easily, even regularly, from your money in one fashion or another. Online investing is definitely of interest to many financial advisors of dubious character looking to make a quick buck offering advice, sure, but likely not the advice you really need.

And you must remember that when your broker squanders money, it's likely to be your money he's squandering, anyway. Just as you did your research before choosing which investments to make in the first place, you must research all potential online brokerages just as meticulously as you chose your stocks and mutual funds.

When researching where to do your online investing, be sure to include some websites that offer financial advise only as opposed to those that both advise and sell. Some trusted financial advisory sites are Motley Fool, CNNMoney, Kiplinger Personal Finance, and the Wall Street Journal.