Start the New Year Off Right: Investment Tips for 2012

by Wall Street Fraud on January 13, 2012

Securities fraud lawyersThe Financial Industry Regulatory Authority (FINRA) Investor Education Foundation recently released a new investor alert entitled Weathering Tough Economic Times—12 Tips for 2012. As detailed by FINRA, the tips are designed to help Americans improve their financial capabilities and manage their money with confidence, particularly in this volatile economy.

"The start of a new year is a great moment to start making smarter financial decisions.

Taking proactive steps like starting a rainy day fund and minimizing your credit card debt can help make a difference in how well you weather tough economic times," said FINRA Foundation President Gerri Walsh.

We would like to share are a few of FINRA’s tips that can help our readers make sound investment decisions this year:

  • Shop Around For Financial Products. Comparison shopping for financial products—including credit cards, loans and investments—is as crucial as shopping around for a television or phone plan. When it comes to investments, be sure to visit FINRA Market Data Center, and use FINRA’s Fund Analyzer to compare fees on mutual funds and exchange-traded funds.
  • Do a Background Check on Your Financial Professional. Far too few investors have reported checking the background of their investment professional with a state or federal regulator. Investing a few minutes of your time to take this free and easy step could save you time, money and other trouble down the road. FINRA BrokerCheck® is a free tool that allows investors to check the professional background of brokerage firms and individual brokers.
  • Diversify Your Investments. Volatile markets can make investing a challenge, but spreading your investments both among different asset classes—meaning stocks, bonds and cash—and within each asset class can reduce your risk. For more on diversification, check out our blog post here.

At Wall Street Fraud, we are dedicated to offering assistance to those who have been hurt by improper corporate or investment practices.

If you have been the victim of stock brokerage fraud, securities fraud, mutual fund fraud, stockbroker fraud, annuities fraud, or any other type of investment fraud, please contact us today for a free case evaluation. Our talented and aggressive legal and professional staff is eager to help you recover your losses.

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