If you're wondering how to reap the rewards of technology stocks without having them wreak havoc on your portfolio, we have the answer. Collins, one of the top financial advisers in the country, according to Worth magazine, and a partner at The Keller Group, is a certified financial planner and has a Ph.D in psychology. You've been in the business for 20 years now and have seen some real changes. The fact is we have easier access to information. Consumers are more sophisticated.
Transaction costs are lower.
And there's more competition among brokerage firms for business. There's far more volatility in the markets, in part because of access to easy trading and information. People can get trigger-happy in these markets, selling a stock upon hearing a bad story or buying on a tip. Yes, I think that's true. I had friends who 10 years ago didn't care about the markets and now check the value of their portfolio three times a day.