November 22, 2014

Investment Management Then And Now

My dad’s family, other than my grandpa Will Yates, most likely had no money to invest in the stock market at any time in their lives. That’s not so for my mom’s family who had a bit more education and so in turn, made more income and most likely did some stock trading in the 1940’s and 50’s.

It’s fun to contemplate which ones of my ancestors would have embraced new money management technology as we know it today.  Since my grandpa Al Moline was a user of modern technology during his lifetime, I imagine he would have engaged an online broker and done some online trading.

Online trading with firms such as First Trade make it so much easier to keep track of your IRA accounts, Stock Options, Mutual Funds and ETF’s especially when you can couple it with their free mobile app for mobile trading and take advantage of their competitive prices.

Sixty years ago Grandpa would have had to physically go into his broker’s office, which would have taken time away from his job as a lumber salesman in Seattle. At the very least, he would have had to make a phone call or two and hope to catch his broker in the office.  Being able to take advantage of online stock trading and money management is one of the benefits of living in our wired era.

 

Compensated

 

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