Investors Say Internet Most Important Source Of Information

Spending more time online

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The Internet continues to be the most important source of information for investors and financial advisors, according to a new online survey by Forbes.com.

The survey found that 65 percent of individual investors consider the Internet their most important source of investing information. This is an increase from 52 percent in 2005.

Investors Say Internet Most Important Source Of Information

Close to half (47%) of investors spend 20 or more hours per week online and 54 percent spent more time on the Web in 2008.

Twenty-nine percent spent less time reading daily newspapers, 37 percent spent less time watching television, and 32 percent spent less time listening to the radio, compared to only 3 percent who spent less time online.

Newspapers were cited by 17 percent of respondents as the most important source of investing information, down from 20 percent in 2005.

Among financial advisors 68 percent consider the Internet as their most important source of investing information.

Half said they spent more time on the Internet in 2008 and 39 percent spend 20 hours or more per week online.

"In these turbulent times, the need for up-to-date business information is more critical than ever. These two studies further underscore the trend where more affluent investors and business decision makers are looking to the Web as their primary source of business information," said Jim Spanfeller, President and CEO of Forbes.com.

Investors Say Internet Most Important Source Of Information
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  • http://www.indiesurf.com Darren Tan

    There is no doubt people are turning to the Internet for the latest information in everything. Newspapers are too slow and can’t keep up with the latest news at all as it requires to be printed out and so on. And it’s also killing the trees.

    Newspapers business seriously in threats!

  • http://siaargroup.blogspot.com Siaar

    I agree with the article. It is 100% correct : I get fast information on net and many organizations are helping to give info as fast as possible to small website owners. Siaar …

  • http://www.elliottwavesignal.com/2008/12/03/elliott-wave-int-buz-the-government-doesn%E2%80%99t-want-you-to-read-this-article-about-the-financial-crisis/ Mawe

    Even with all the goofy, weird, and sometimes just horrible sites that keep popping up every day on the Web, the Internet still manages to be the world’s number one source of information today. And the newspapers? They cannot lay a finger on how fast the Internet is when it comes to spreading the word.

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