The farsighted investor doesn't care for short-term speculations, and may or may not have a taste for individual stocks. The primary goal is to fund the senior years. This planning may encompass IRA accounts and regular brokerage accounts. Many online brokers provide an assortment of account types, and in some cases, customer service to help you figure your options. Moderately active trader.
Many investors become more active traders when they move their accounts online.
This change in style results from the ease of online trading and the low commissions. That compelling combination makes trading fun and alluring, though it may not make the portfolio more profitable. Some amateur traders are quietly and extremely successful, though whether this would be the case in a less bullish market is unclear. Active day trader. When trading stocks shifts from hobby status to an intensive preoccupation with short-term profit, the investor moves into a new group that requires specialized tools.