The Internet prevails as the primary investment information source for both advisors and investors. Survey results released today by Forbes.com and business communications firm FD shows 65 percent of individual investors and 68 percent of financial advisors consider the Internet as their most important source of investing information.
The financial advisor survey showed that:
- 68 percent of respondents consider the Internet as their most important source of investing information.
- 50 percent reported spending more time on the Internet (not including e-mail) this year.
- 39 percent of these advisors spend 20 or more hours per week on the Internet excluding e-mail, (both at work and non-work sessions).
- Only 1 percent spent less time on the Internet compared to 39 percent who spent less time reading daily newspapers, 28 percent who spent less time watching television and 24 percent who spent less time listening to the radio.