Tuesday, November 4, 2014

Investors More Confident Using Mobile Apps to Buy and Sell

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NEW YORK (MainStreet) -- Investors feel more confident when trading stocks on a mobile app, a new survey reveals.

According to Fidelity's Mobile Money Study, 68% of respondents who trade on their smartphones say it gives them an edge over those who don't use mobile devices to buy and sell stocks.

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Aside from mere confidence, 41% of those who regularly use mobile apps actually reported return on investments of over 20%. Plus, only 22% of less frequent users saw returns of that level, shedding light on the potential benefits of mobile trading. These returns beat the overall markets, as the broad S&P 500 is up almost 8% since the start of the year, while the Dow Jones Industrial Average jumped only 3.7% for the year todate. Continue Reading on MainStreet

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