The U.S. Security and Exchange Commission released tips on investing and saving. The following is a list of the suggestions on becoming a smarter investor.
Few investments pay of as well as eliminating high-interest debt on credit cards or other loans, according to the SEC report.
Regularly putting savings away from a paycheck help investors achieve both short and long-term financial goals.
The SEC recommends keeping about six months of expenses in a federally insured account.
Affinity fraud is scams that target members of identifiable groups.
The SEC has a website where investors can learn more about affinity fraud.
Think twice before investing heavily in shares of your employer’s stock or any individual investment, according to the SEC tip list.
The SEC suggests taking advantage of employer match retirement benefits. Not doing so could be a missed opportunity.
A promise of high returns with little to no risk is sign of a scam.
Returns will shrink with surprise fees and expenses.
Recent research suggests that direct teaching by parents is an important predictor of a young person’s future financial success, according to the SEC filings.
Smart investors can use the SEC database to insure an investment is registered.
Investors can also use the SEC database to run a background check on brokers or investment advisers.
The website was created by the SEC as a free service with "objective information on investing wisely and avoiding fraud," according to the SEC report.