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Tuesday, July 16, 2013

Resources for the First Time Investor


The world of investing can be overwhelming and scary when you first start out. There are a lot of options available and you don’t want to take unnecessary risks with your money.

It’s important to educate yourself about investment products and options before you start handing over your money.

The following resources below will help you get started.

DFI’s Free Investor Education Booklets
DFI, in partnership with Kiplinger Magazine and the Investor Protection Trust, offers free investor education booklets. Currently we offer six booklets covering topics such as stock, bonds, mutual funds, exchange traded funds, getting help with your investments, and more. Washington residents can order free hard copy booklets at http://dfi.wa.gov/sd/investor_education.htm  or download a PDF version.

Investor.Gov
The U.S. Securities and Exchange Commission has created www.investor.gov, a website filled with information about how the markets work, the different kinds of investment products available, and how to avoid fraud. Be sure to check it out.

FINRA – Getting Started Guide
The Financial Industry Regulatory Authority (FINRA) offers a getting started section on their website for first time investors. Topics covered include what you need to know about opening a new investment account, selecting investment professionals, and building a portfolio. Visit the getting started section at http://www.finra.org/Investors/SmartInvesting/GettingStarted/.