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Internet services on the riseTHE way we invest our money will radically change in the next few years as the Internet becomes the medium of choice for more people. Financial services are already among the most popular uses of the net by consumers, and they are set to grow at a radical pace. It has been estimated that by 2001, 10-million investors around the world will manage assets of $500-billion through online Internet services. During the months ahead, local investors will be offered a plethora of new Internet services dedicated to personal finance. This week, the popular UK Internet investment service, interactive investor, launched its local website (www.iii.co.za). The website provides free information and serves up news and data from many and varied sources. An exciting aspect is that you can pick up the JSE share prices - for free - but the share prices are updated only every 20 minutes. Information on local and offshore unit trust funds, from Standard & Poor's Micropal, is also available. The site also offers a personal portfolio service which holds and analyses your collection of shares and unit trusts.
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