He regularly reviews his portfolio, updates the stock prices and watches for recent news about his holdings, and adds to his portfolio whenever he finds a good growth stock candidate. Knauf, the managing director of an export company, has been living in Hong Kong since 1967. Robert Sexton actually does live in Chicago, but his broker, National Discount Brokers, is in New York City. Sexton has an online account also, and places his stock trades via National Discount's site on the World Wide Web, any time of the day or night. Stigall, Sexton and Knauf all agree that using an online broker has distinct advantages.
All online brokers have strict password controls in place to prevent unauhorized access.
One of the advantages of trading with a broker on the World Wide Web or a commercial online service is that no additional software is required, other than your Web browser or access software. If you can get online, you can open an account with an online broker. Another benefit of online trading is that investors have access to their portfolios any time of the day or night. Some will even send an e-mail message at the end of the day with closing quotes for an entire portfolio. Trading confirmations are generally sent via e-mail.