• About
  • Mortgage Basics
  • $40K Challenge
  • Aunt Doris
  • Grandfather Says
  • Privacy
  • Archives
  • 100 Words

Len Penzo dot Com

The offbeat personal finance blog for responsible people.

How Technology Has Changed Investing

By Enero Febrero

investing technology interconnectsDuring the past 15 years, various new technologies have been introduced into the financial markets, and this has completely changed the face of investing as we know it. After all, the essence of introducing any new technology is to make life easier and better.

As far as investing is concerned, technology has certainly changed and revolutionized the way people buy and sell assets in the financial market. It has also changed the way the brokers in the markets conduct their business.

How Technology Has Changed the Investment Processes

There was a time when buying a stock was a process which could take days on end, because of the processes involved in getting an order completed. The process would start from the investor probably having to read a number of printed research reports, then making a selection of what stocks would be purchased. The investor would then have to use a desk telephone to put a call across to the broker. In the very early days, an operator would first need to be called with the number 0 before the connection could be made. From there, the broker would compile the orders from all their clients into the physical order book, before passing these orders to their representative on the trading floor. The broker reps would then go on a hollering mission, screaming their lungs out as they sought to gain the attention of colleagues from other brokerage firms who would have an opposing order to be able to match that of their clients.

Unfortunately, the elaborate process meant it would take days for the investor to know if the order was successfully filled or not.

Then again, who can forget the physical stock certificates that would be issued to prove ownership, which would sometimes end up as food for termites and other paper-eating insects if not stored properly?

Technology has changed all that. Now we have smartphones, web and desktop platforms, mobile platforms, online stock screeners, market research sites; everything is virtually at the traders reach and can be accessed with a few clicks of a mouse button or a smartphone keypad.

You can also open a trading account in minutes by simply filling an online form, scan documents in seconds, get your account details within an hour, deposit your funds with immediacy, and start trading. You can literally wake up at 9 in the morning and have a fully funded and functional investment account before lunchtime. All thanks to technology.

Photo Credit: The Drum

February 1, 2019

Trackbacks

  1. How Technology Has Changed Investing - USA Today says:
    February 26, 2020 at 7:41 am

    How Technology Has Changed Investing – Len Penzo dot Com

  2. Why You Should Use Motley Fool Stock Advisor to Choose Your Stocks says:
    March 24, 2021 at 12:06 am

    […] of the most useful tools available to investors is the free online stock screener. This feature helps you to pick out the best investments and deepdive into any company or […]

  3. What are the Benefits of Using a Robo-Advisor Like M1 Finance? says:
    March 24, 2021 at 12:09 am

    […] online stock screeners utilize this technology to provide them with leads for the latest hot investments. The numbers back […]

  4. How to Invest Your Money With the M1 Finance Robo-Advisor says:
    March 24, 2021 at 2:47 am

    […] Many reviews for the Motley Fool and other similar advisory services claim they beat the market. While this is true, robo-advisors have a strong track record as well. Many picks are shared between M1 and various online stock screeners. […]

  5. How to Invest Your Money With the M1 Finance Robo-Advisor – Conservative Investing News says:
    March 24, 2021 at 2:52 am

    […] Many reviews for the Motley Fool and other similar advisory services claim they beat the market. While this is true, robo-advisors have a strong track record as well. Many picks are shared between M1 and various online stock screeners. […]

  6. The Top 2 Cryptocurrency Investment Platforms - MCC.EXCHANGE says:
    May 3, 2021 at 8:45 am

    […] and the blockchain technology behind them are technologies that have changed investing for the better. Large financial institutions such as Fidelity use blockchain technology for […]

  7. The Top 2 Cryptocurrency Investment Platforms – The Investor Newsletter Daily says:
    May 3, 2021 at 8:53 am

    […] and the blockchain technology behind them are technologies that have changed investing for the better. Large financial institutions such as Fidelity use blockchain technology for […]

  8. The Top 2 Cryptocurrency Investment Platforms – Trading For Keeps says:
    May 3, 2021 at 8:56 am

    […] and the blockchain technology behind them are technologies that have changed investing for the better. Large financial institutions such as Fidelity use blockchain technology for […]

  9. The Top 2 Cryptocurrency Investment Platforms – The Wealthiest Investor says:
    May 3, 2021 at 8:57 am

    […] and the blockchain technology behind them are technologies that have changed investing for the better. Large financial institutions such as Fidelity use blockchain technology for […]

The Question of the Week:

Do you think credit unions are safer than traditional banks?

View Results

Loading ... Loading ...

Recent Posts

  • The Big Advantages of Natural Gas Appliances
  • Is a Master’s Degree in Education Worth It? 7 Key Questions to Ask
  • Comparing the Flat Tax, Fair Tax, and Progressive Tax Systems
  • Are Energy Efficient CFL Bulbs Worth Paying More For?
  • Black Coffee: Pushing the Panic Button
  • The Continuing Chronicles of Elaine, Part 10
  • 3 Ways That Make Credit Cards Vulnerable to Fraud
  • Common Financial Mistakes in Manufacturing (and How to Avoid Them)
  • Blind Taste Test: Does Bottled Water Really Taste Better Than Filtered Tap?
  • Black Coffee: Banking on the Future

Disclaimer

This site is for informational and entertainment purposes only, and the content herein should not be mistaken for professional financial advice. In fact, making investment decisions based on information published here, or any other website for that matter, is more than unwise; it is folly. This website accepts advertising in the form of monetary and other compensation; as such, topics of discussion are occasionally influenced by these advertisers. Sometimes, an article may also include affiliate links, meaning, at no additional cost to you, this blog earns a commission if you click through and make a purchase (for example, as an Amazon Associate I earn from qualifying purchases). Remember, you and you alone are responsible for the decisions you make in life, so please contact an independent financial professional for advice regarding your unique personal situation.

Sign up for the weekly Len Penzo dot Com newsletter
Len Penzo dot Com Delivered Weekly
Join more than 40,000 readers and fans who enjoy personal finance and macroeconomics with an offbeat twist!
Invalid email address
Thanks for subscribing!

Popular Now:

  1. 1. 18 Personal Finance Facts About US Presidents
  2. 2. Credit or Debit: Which One Is Actually Better?
  3. 3. Why Buying Gasoline in the Morning Can Save You Money
  4. 4. Why Paying Off the Mortgage Early May Be a Big Mistake
  5. 5. What Defines True Financial Success?
  6. 6. A Georgia Teacher Shows Why It Always Pays to Read the Fine Print
  7. 7. Debt Elimination: The Pros and Cons of Dave Ramsey’s Baby Steps
  8. 8. Home Repair Scams: Here Are the 9 Biggest
  9. 9. Historical Gold & Silver Benchmarks for Wages and Commodities
  10. 10. 4 Good Reasons Why Some Quarters Are Painted Red

All-Time Most Popular:

  1. 1. 19 Things Your Millionaire Neighbor Won’t Tell You
  2. 2. Dear Friend: Here Are 41 Reasons Why I’m NOT Lending the Money
  3. 3. Why Your Expensive Luxury Car Doesn’t Impress Smart People
  4. 4. If You Can’t Live on $40,000 Annually It’s Your Own Fault
  5. 5. 21 Reasons Why Corner Lots Are for Suckers
  6. 6. 4 Smart Reasons Why College Isn’t for Everyone
  7. 7. 18 Fast Facts About Social Security Numbers
  8. 8. My Ketchup Taste Test: Upset! Guess Which Brand Topped Heinz
  9. 9. Why I Prefer a Spreadsheet to Track Expenses and Manage My Finances
  10. 10. Here’s a Simple Trick for Getting Credit Card Interest Charges Waived

Copyright © 2023 Len Penzo dot Com · All Rights Reserved · Designed by Nuts and Bolts Media

© Len Penzo dot Com 2008–2023