How often do you go online during the day? Or maybe a better question would be, how often are you offline during the day? You are surrounded by technology 24 hours a day, because everyone wants technology—especially on the go. The constant availability of technology has changed your ways of doing things, including investing.
You learned that investment planning is a map of your investing strategy that helps you meet your long- and short-term goals, such as retiring or buying a house. The plan also takes into consideration your investing strategies including the timeline and how much risk you're willing to take on. There is no one-size-fits-all investment strategy, but some investing strategies have changed with technology.
Financial technology or fintech is the use of new technology in the financial industry to automate services without human interaction. Examples of fintech include mobile payments, online banking, and managing your investments—all without the assistance of people. In this lesson, you will learn more about modern investing and how technology has affected investing.
Question
As a potential investor, why would using technology be just as important as getting returns on your investments?
In today's world, everything is digital. People are used to getting information fast. Knowing what is happening with the stock market fast will help with investment decisions.
