A feature of any stock market that further complicates matters is the fact that there are several prices for any one stock. You really need to be sure which price you are referring to if you are going to fully understand the stock market. While the opening and closing prices clearly refer to the price at the opening or closing of the stock exchange each day the bid and ask ones perhaps are not so obvious. Many people even borrowed money to allow them to buy even greater amounts in the belief that the good times were bound to continue. They ignored all the warnings and speculation drove prices ever upwards regardless of common sense. Naturally any boom based on speculation is doomed once people sense that the market is overheating. But at the same time, you have to realize that there might be disadvantages of these online accounts too. Here we make a list of the pros and cons of the online savings accounts. The Good Side of the Online Savings Accounts The best thing is the convenience that you get. You do not have to stand in serpentine queues anymore to find out what s going on with your account. Some will even teach you how to spot trends and these can be as important for timing your exit from a position as getting into it in the first place. Something that is very important to learn is how you feel about risk levels. This can be sometimes overlooked in the excitement of making your first investment but it can have a serious impact on your performance. Obviously you need to sit down with pen and paper and work out just how much that will add up to in interest. Will it be a worth while saving that you make each month on your existing repayments over how much you pay in the long term. Of course if you are consolidating bills from credit cards you will probably find that the lower interest rate will make a huge saving in both the monthly repayment and the overall cost of the loan. They'd sooner help someone who's honest enough to admit a mistake than think you're hiding something. If you're behind on your bills because of being put on short time at work; tell them. If you're looking for a part time job to help you get back on your feet again tell them. They aren't trying to judge you as a person; they simply want to know that they will get their money back.