Golf & Investment Academy #4

Tip #4 Technology

Hank Haney - PGA Teaching Pro

Schwab Investing Tip

Technology has really transformed investing, especially when you consider the access to information and the tools that are now available to individual investors. These are certainly the two key areas where modern technology really helps.

Access to information is important because it allows investors to better understand the investments they're about to make or the investments that someone is making on their behalf. In this case, technology allows you to be comfortable with what's in your portfolio.

The computing power we now have at our fingertips is enormous. For example, if you're developing a plan, trying to assess risk or even figuring out how many real (inflation-adjusted) dollars you can take out of your portfolio in 30 years' time, the computations are far easier to make today. So whether you invest on your own and use that information as an input, or you're working with a professional and use that information to validate that professional's decision, technology is a key component of modern investing.

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