Online Finance -part 2-
The American online brokers should follow a business model more like that of Charles Schwab in the last quarter saw how only 43% of total sales came from stock trading commissions.
22% of its revenue came from the sale of mutual funds, investors often have much longer periods of time that the shares and are therefore less subject to cyclical swing of the bags. Continue reading
Online Finance -part 1-
The rigid world of finance in Latin America seems to crumble with the emergence in the region of the online brokers. At the moment there are four in Brazil, two in Argentina, and two in Chile.
In addition, several financial sites that try to take advantage of emerging e-commerce opportunities to sell services through the Internet.
It is clear that the phenomenon, at least for now, is alien to much of the population, Internet penetration is currently only 1.4%. And throughout the region there are only 7 million users, a figure projected to grow to 34 million in 2002 (which may have to add about 14 million internet users in the U.S. Hispanic and 4 million users in Spain). Continue reading