Stocks Are The Future Of Your Finances Essay

713 Words Dec 6th, 2015 3 Pages
Stocks are the future of your finances. For wealth-seekers and shareholders who seek a way to grow assets alike, stocks can enhance financial futures-if played right. A simple way to earn income, make informed decisions and manage money is essential to prosper in the stock market. We need a smarter way to manage our money, where access is at our fingertips. Gone are the days when full-service brokers charge outrageous fees just to make a trade. Now we can make our own trades for a fraction of that cost.
Apps can allow users to see how their investments are faring, and check ticker symbols for investment possibilities, allocate assets and trade- in real time, anywhere with an Internet connection. Apps have the potential to help users allocate the 67.1 trillion that they have stored, in bank accounts and elsewhere, according to Federal Reserve Data. The perfect investment app would guard users against having a portfolio become a folly.
As I learned through the Stock Market Game, investing in the stock market can earn money that far surpasses the interest earned through allowing the money to stay in the bank account. However, there can be substantial losses if the user does not hold a stock. The loss of one day can tempt a user into making decisions to drop the stock.
Investors need to take advantage of the convenience of such an app without being tempted into risky financial behavior, such as trading too frequently and making important changes rashly. This is why the app…

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