The DIY Income Investor approach is based on being online - steering your wealth creation from a computer. The last thing you want is for your computer to fry up all your financial information.
Safety first - and back-up your files regularly - for example to a memory stick! If you haven't backed up recently, do it now!
There are a couple of free online solutions:
- Google Documents allows you to store documents in cyberspace - and you can choose whether or not to share the files (probably wise to make sure you have chosen 'don't share' in this case!).
- Another free option (for up to 2 Gb storage) is Dropbox, which has a synchronising function - making double-sure that your financial data are secure.
I am not a financial advisor and the information provided does not constitute financial advice. You should always do your own research on top of what you learn here to ensure that it's right for your specific circumstances.
Another option, if you have a Hotmail account, is SkyDrive. Same thing as Google Docs but from MIcrosoft (uses SharePoint technology). It's free and you get 25Gb of storage. You can choose to share documents or not too. It's got to be better than losing your memory stick.ReplyDelete