Investing is an essential part of anyone’s financial plan. In many ways, it is the single biggest key to making sure you aren’t stuck working till you are seventy-five years old. But as the world grows smaller we find ourselves needing more information quicker and need to not just sit back and be a passive player in our future. Let’s quickly examine how technology can help us maximize our time and ability to move our financial plan forward.
Information is the key to making good decisions, but keeping up with and managing multiple investments becomes a daunting task pretty quickly. Tools that are now available help you budget for upcoming needs without causing problems in your investing capabilities and make sure you manage your cash-flow needs month to month in a way that gives you peace of mind. These tools almost always come with market analysis tools and volatility warnings, that make your investing capable of keeping up with regardless of your knowledge.
Having the information you need always at your fingertips is part of the modern cellular revolution. Data is more accessible than ever and you should not shy away from taking every possible advantage of it. If you have a financial planner you should highlight the need to know all the preferred ways your portfolio manager uses to communicate. Phone, cell number, email and even some instant messaging software is often on the table to be used at a moment’s notice.
If you are like the rest of us, almost all of your transactions are conducted and completed online. This makes life a lot easier for all of us, but it also opens us up to a world of scams, hackers, and ransomware. Given this reality, you will need to take every step possible to secure your financial actions. Make sure you are using Two-factor authentication for all logins and make sure you are taking steps to protect your printed and delivered data at home as well (invest in a high-quality paper shredder.)
All in all, technology helps us far more than it hurts us when it comes to investing. You don’t want to be left behind in a world that is ever-changing and moving faster than ever.