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By Leigh Glenn
TImes-Democrat Special Writer
f you already invest through
cyberchannels, you may not
need to read tbis. Unless, of -/course, you’re used to taking incredible risks without evaluating their
Online investing is to folks who savor growing their money in their own way as mega-hardware stores are to doit-yourselfers. It’s become increasingly popular in the last couple of years for investors to stop relying on brokers to buy and sell and instead, do it themselves.
That’s the great advantage of online investing: Buying and selling can cost less than $10 per move.
As Bill Richardson, a Warrenton businessman, noted, with the old way — going through brokers — “you couldn’t move.” That’s because every move could cost a few hundred dollars, including commissions.
The other big change? Well, they didn’t dub it the information superhighway for nothing. Online investors can get more information about the existent and nonexistent companies than ever before.
Nonexistent? You’re not seeing things. That’s the downside: Scams cost.
95.6%