In This Chapter
Choosing investing software
Recognizing Internet pitfalls and opportunities
Finding the best investing Web sites
Thousands of investing software packages and Web sites claim to enable you to more easily make profitable investments. As with most other advertising claims, the reality of using your computer for investing and other tasks falls short of the promises and the hype.
In this chapter, I show you ways that your computer may help you with your investing challenges and chores. Throughout this discussion, however, please remember several important caveats:
Some highly successful investors don't use their computers (or they use them infrequently) to deal with their investments.
You may subject yourself to information overload and spend a fair amount of money without seeing many benefits if you don't choose wisely.
Don't believe everything you read, especially in the online world, where filters and editors are often absent. (Of course, as I discuss elsewhere in this book, filters and editors don't guarantee that you'll find quality investment advice and information when you read financial publications.)
Good investment software should be user-friendly and provide quality information for making sound decisions. Software that helps you make personal investment decisions also needs to provide, if applicable, well-founded advice.
Which software is best for you depends on what you're ...