Tuesday, December 22, 2009

Weekly Savings Tip: December 21, 2009

What Investors Need to Understand to Avoid Fraud

As most investors know, risk is an inherent part of investing; it is what makes the reward of positive returns possible. Too often, investors focused on big returns are persuaded to enter into what turn out to be fraudulent schemes promising the moon and the stars for little or no risk. Here are some resources to help educate you:

Tricks of the Trade: Outsmarting Investment Fraud – FINRA Investor Education.

Investment Fraud Awareness Quiz – North American Securities
Administrators Association.

Consumer Fraud/Investor Protection Resources – Employee Benefit Research Institute/Choose to Save.

Click here to see a list of all 12 resources for understanding and avoiding fraud, by the nonprofit Alliance for Investor Education (AIE).

For more information on investing and fraud prevention, visit the Investment Planning section

of the 360 Financial Literacy website.

Visit www.FeedthePig.org for more money-saving tips!

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