Online tools to teach teens about investment

 investment , online toolsDo you want to teach your teenage kids the importance of financial planning and investment? Well, one of the best ways of teaching young adults about financial planning and strategies is online investment options. These days, there are several free online tools available, some of these are developed by the Securities and Exchange Commission, and they are extremely effective in teaching financial techniques and strategies.

There are some online tools that are especially designed to teach teenagers basic skills of investing. You and your kids can open mutual find with minimum deposit of $250 and they set up automatic payment plan. Your kids can monitor their accounts online to see the progress that has been made. The website designed by the Securities and Exchange Commission is also devoted to teach teens a thing or two about investing. On this site, teens get hypothetical $100,000 for building their online portfolios. This allows teens to learn concepts that will come in handy when they invest real money.

Merits and demerits of money transfer in international level

money transferSuppose you need to send money urgently to your parents who live some different country or continent. What will you do in such case? You need not worry much as you can simply transfer the money online. But this online money transfer facility in international level too has certain merits and demerits.

You can send the money at a lightning fast speed. Gone are the days when you had to wait for weeks and even months before you receive the money. Also changing the money received to the local currency was a difficult thing. This has been made much easy by the advent of the online banking facility where you can transfer money simply by a click of your mouse. Also the money can be withdrawn at the local currency seconds after it has been transferred.

But then the service taxes charged by the online banking facilities or the money transfer platform are much higher. In most cases you even have to furnish details like your credit or debit card number and pin which raise a question of security. Even if any technological glitch occurs or if the connection fails during the transfer, then in most cases the money is debited from your account but is not successfully credited to the receiver’s account.