E-Finance, Risk for Reward?

From email, to ecommerce, lets not forget efinance!

I am examining why we Americans, knowing the dangers and the risk factors of participating in online trading, finance management and investing, do we continue to lay trust in it?

I can't help but think of it as a rocket ship, already in orbit and free fall. The world wide web has become such a monopoly for portals. It is our portal for communication, marketing, commerce, information and finances. At this point, we can't help but to lie trust and faith into the web. We've created it and attached ourselves to it with a crutch. We can't function with out it! And if you try to, you might be considered to be "living under a rock" or in straight up denial of the technological revolution that has taken place over the past couple decades!

So, in light of our love hate relationship with the web, we gamble. We know the risks, some we can afford to take, others we really can't and shouldn't, but nonetheless we end up taking a great deal of those risks! I think our reasons are plentiful. I think it is partially due to having all our eggs in one basket. Sure, online trading requires a lot of trust that may or may not have been earned, but what else are you gonna do? I mean seriously, some of the younger generations aren't even aware of the alternatives. For example, I can honestly say I wouldn't know how to book a trip with a car, hotel, flights, etc., with out the use of the web. That said, I take the risk for the reward of that convenient, one stop shop, where from the ease of the keyboard and monitor, I can do it all! It's definitely a gamble, entrusting the lines of the Internet with my personal information, but it's something the world as a whole has invested in greatly and we'd be dumb, in a way, not to support something we've built our way of life around!

So whether it's handling all your accounts online, transferring funds, remixing your stocks and bonds, purchasing stocks, etc., we do tend to take that risk for reward time and time again! If you really wanna know why, ask someone who was around decades ago when it was an ordeal to move your money from one account to another, something that I am fortunate to be able to do in 1 minute flat from my own personal computer. Or investing, it almost seems like a right these days, to be able to invest. But that's really only thanks to the web. Before, it was so tedious and time consuming, you would spend hundreds just paying a broker to expedite the transaction for you because there was know way just any average Joe could do it.

I personally, as cautious as I know I have to be on the web, will continue to take that risk, for the reward of convenience and speed that us Americans love and value oh so much! Simply put, the risk is great, but the reward is greater.