The Internet has inarguably changed every aspect of our daily lives. Not only has it revolutionized the way the financial world operates, it has significantly changed the way we handle our personal money.
INVESTING AND STOCKS
What was formerly a specialized, niche profession has been transformed into a mainstream and popular way for the average American to invest. People now have the ability to check, buy and sell stocks within the comfort of their home. The Internet not only offers access to investment strategies and real-time stock quotes, it has enabled powerful and sophisticated online resources for trading and portfolio management.
Before the Internet, our financial education was derived largely from books, television and face-to-face meetings with others. With the Internet, a gold mine of information is available to everyone at the press of a button. Today, there are thousands, if not millions, of websites and blogs dedicated to enlightening the masses on how to take control of their finances.
The rapid dissemination of information via the Internet has also increased the availability of competitive intelligence on companies, trends, product developments, prices and more. In addition, e-commerce has expanded the boundaries of traditional businesses, with customers reaping the rewards of lower prices, better products and convenience.
Traditionally, people had to visit a bank to execute personal financial transactions. With online banking, virtually every transaction can be handles quickly and easily online. Paying bills, transferring funds and checking balances has never been faster. And online banking has facilitated 24/7 customer service.