Thank goodness for Kiplinger! This posting is a quick video from Kiplinger’s personal finance on “Pump and Dump” stock schemes. The video is a brief but thorough explanation of how the stock scam works. It also provides a good discussion of the legality of the scam and how the scheme manifests itself today.

If you are into stocks but want to avoid getting ripped off, definitely watch the video.

For tips on avoiding pump and dump scams, surf on over to the SEC’s webpage.

Best,

James

MANAGE YOUR MONEY TOGETHER

Here are some simple guidelines for DINKS to build wealth:

1) Collaborate: Meet regularly to talk about money, set goals together, track and monitor them.

2) Understand and respect your partner. Take time to understand your partners values about money.

3) Watch the numbers. Get a budget, monitor your spending and track your net worth.

4) Max your retirement. Maximize contributions to your tax deferred retirement accounts.

5) Invest in stock. Stocks perform better than bonds or cash.

6) Avoid high interest debt. Credit cards and title loans are financial cancer.

7) Diversify. Don't put all your eggs in one basket.

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