to evaluate possible financial advisors
Transcript, 2 minutes 55 seconds, for use during week of May
Description: Penny, Susan, and Ira discuss where to find
good investment information online.
Announcer: Invest Wisely comes to you from Iowa State University
Extension through a grant from the Investor Protection Trust,
providing investor education on the web at: investorprotection.org.
Ira: Penny, I've really enjoyed our talks about investing and
about how to make wise investment decisions. I know I'll have more questions in the
future. Can you tell us some good places to look for information on investing
and other financial topics?
Penny: You've probably already discovered that there are lots
of websites with the names 'investing,' 'money,' or 'finances'
in the title.
Susan: Thousands! But how can I tell which ones
are useful to me and contain information I can trust?
Penny: That's a good question. Especially since a
study conducted by Consumer Reports Webwatch showed that people
are more likely to evaluate a site on color and layout than on
Ira: When we're looking for information that's new to us, what
are some good ways to evaluate website content?
Penny: One thing you can do is look at the web address. If
the address ends in .edu for example, it's an educational domain;
.org indicates an organization; .gov, government sites, and .com
are commercial sites.
Susan: So, checking the web address can tell us something about
whose website it is.
Penny: Yes and while there are lots of good sites, I'm going
to talk about some websites that I use regularly.
Ira: That would be really helpful, Penny. Thank you!
Penny: The Investor Protection Trust's website provides independent,
objective information. That's www.investorprotection.org where
you'll find an independent source of non-commercial investor
Ira: I'll definitely check that out. What other sites
do you recommend?
Penny: Another site you may find useful is the Financial Industry
Regulatory Authority (FINRA). That's www.finra.org offering
unbiased information on a full range of issues. For example, FINRA recently
issued an investor alert urging homeowners to carefully weigh their options before taking
out a reverse mortgage.
Susan: Thanks! This gives us some great places to start
looking for more information on investing.
Penny: Great. Maybe next time we can discuss some additional
websites that I think you'll find useful.
Ira: That would be great, Penny. Meanwhile, Susan and I will check out
the ISU Extension website at extension.iastate.edu and look for ‘Invest