Francesc’s Weblog » Go “Back To School” With The Kids This Year And Learn How To Avoid Falling For This Year’s Top 10 Investor Traps

Francesc's Weblog

Francesc Riverola,
CEO & Founder of FXstreet.com

Or subscribe via email:

FXstreet.com Weblogs

Links

Go “Back To School” With The Kids This Year And Learn How To Avoid Falling For This Year’s Top 10 Investor Traps

Posted on August 28, 2009 at 10:51 in Forex by Francesc

Go “Back To School” With The Kids This Year And Learn How To Avoid Falling For This Year’s Top 10 Investor Traps
By Washington State Department of Financial Institutions
OLYMPIA – With a new school year about to begin, the Washington State Department of Financial Institutions Securities Division reminds investors to take stock of their financial education and arm themselves with the knowledge to sidestep this year’s Top 10 Investor Traps.
DFI’s Director of Securities Michael Stevenson says investors under pressure from the struggling economy need to resist the lure of sales pitches to rebuild their savings.
“An educated investor should be alert at all times, but especially when money is tight,” Stevenson explained. “Falling into an investment trap makes it harder to get back on solid financial ground.”
The following traps were determined to be the top 10 for 2009 by the Enforcement Trends Project Group of the North American Securities Administrators Association, of which DFI’s Securities Division is a member. Many of the traps identified promise high returns to cash-strapped investors — but provide little, if any, disclosure of risks and offer high commissions to aggressive sales forces.
“When it comes to investing, verify everything and everyone before you part with your money,” Stevenson said. “Education and information are an investor’s best defense against investment fraud.”
Full Story

Comments are closed.

Theme by Forex Street Powered by Wordpress

The comments and posts published in this blog ARE NOT trading recommendations. They can NEVER be considered as trading calls or advices. If you decide to use the information offered here for your real trading it is at your own risk.

Trading foreign exchange on margin carries a high level of risk and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading and seek advice from an independent financial advisor if you have any doubts.

Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. FXstreet.com has not verified the accuracy or basis-in-fact of any claim or statement made by any independent author: errors and Omissions may occur.

Any opinions, news, research, analyses, prices or other information contained on this website, by FXstreet.com, its employees, partners or contributors, is provided as general market commentary and does not constitute investment advice. FXstreet.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer.