Financial Literacy Highlights

Investment

Investing is when you put your money towards something that has the potential to make you even more money, there are different types of investing options like Stocks, which is a share of ownership in a company and the people who own a stock in a company is called a stockholder. Bonds are like loans except that instead on the bank lending you money you’re the one doing the lending to an organization. Mutual fund is a collection of investments like stocks or bonds. When a stock market is doing well it is called a Bull market and when it is doing bad it is called a Bear market.

Consumer Fraud

Consumer fraud is an intentional deception made for personal gain or to damage a person and one of these things is Identity Thieves which is one of the most prevalent crimes in the world affecting million of people in the U.S alone. Identity Thieves can get your information by going though your trash, inquiring after your credit card report, stealing your wallet, and by advertising fake commercials and so to prevent that the Federal Trade Commission which is a agency that regulates consumers against false advertising stops these commercials. Other ways to protect yourself from this which most people don't figure out until they've become a victim and the damage is done is that you check your credit report once every year, shred financial document and never share private information with anyone.