Fort Lauderdale, Fl.
(Family Features)–Investor optimism has steadily climbed since 2006, and more
investors are managing their own portfolios, according to a recent study from
investing firm Scottrade, Inc.
For the growing number of self-directed
investors entering the market, here are four steps to take to manage a
portfolio.
Research Your Resources
Whether pre- or
post-log in, most online research tools are available free of charge. More than
one-third of investors say they taught themselves how to invest by using online
education tools.
Make sure real-time information is available to track a
portfolio. Learn about customizable features within each account and set up a
system to take advantage of market momentum. Look for market calendars that
present expected activity (such as initial public offerings, earnings reports,
dividends, etc.) in ways that are easy to understand.
Check for webcasts
and webinars to educate investors and traders on a variety of topics that meet
their trading experience levels.
Engage in an online trading community.
These virtual groups bring investors and traders together, allowing them to swap
investment strategies and learn from like-minded people. Most communities are
also moderated by an investment firm with professionals who can provide customer
support.
Source: www.scottrade.com