Internet is top source for investors
Jinfo Blog

3rd February 2009

By Diana Nutting

Item

The Internet continues to grow its dominant position as the main source for investors and financial advisors, according to a new online survey by business news web site Forbes.com (http://www.forbes.com), in partnership with business communications firm FD. Individual investors who were surveyed revealed that 65% of them consider the internet their most important source of investing information. 47% of these investors spend 20 or more hours per week on the internet, excluding email, 54% reported spending more time on the web (not including email) in 2008, 29% spent less time reading daily newspapers, 37% spent less time watching television, and 32% spent less time listening to the radio, as compared to only 3% who spent less time on the internet. The financial advisors who responded to the survey showed that 68% consider the internet as their most important source of investing information and 50% reported spending more time on the internet (not including email). 39% of these advisors spend 20 or more hours per week on the internet excluding email and 1% spent less time on the internet - compared to 39% who spent less time reading daily newspapers, 28% who spent less time watching television, and 24% who spent less time listening to the radio. The surveys were conducted in November 2008. To view both surveys online, go to http://www.forbes.com/adinfo/research.html

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