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Research Guides - Home Library - Home Business

Instructor: Mr. Joe. Damato
Business Communications 128

 Personal finance

PURPOSE: In preparation for writing an academic paper, students will do library research on personal finance related topics.

INTRODUCTION
Why bother with personal finance?
1) The right way to invest. Read about a college student who will be millionaire at age 37 and did it the right way.
2) Avoid phishing schemes. Phishing refers to the practice of e-mails being sent to users purporting to be from institutions such as their bank and urging them to click on a web link to update their online account information. The link leads to afake website where inputting details risks giving fraudsters access to actual bank accounts. For example, one of the most recently identified phishing attacks is targeted towards fans of Harry Potter. The fraudulent emails ask users to enter personal data in order to reserve a copy of the new Harry Potter novel.
3) Avoid fraud investment schemes.  Use the website Quatloose  This website sponsored by a nonprofit seeks to educate you about certain types of financial frauds, how these deals really work, and how you can manage your risk of financial fraud. It is also a clearinghouse of info on the latest financial and tax scams. The brainchild of Jay D. Adkisson, an attorney and stockbroker "known as one of the best asset protection planners in the U.S. Another scheme to read about is the PairGain Fraud.

FIND INFORMATION
You must read books, articles and websites to understand personal finance.

  • Find articles in magazines our shelves.
    Browse through issues of Forbes, Fortune, Business Week.
     
  • Find personal investment websites
    Online Magazines
    Bloomberg Personal Finance www.bloomberg.com
    Money www.money.cnn.com
    Kiplinger's Personal Finance www.kiplinger.com
     

    General investment websites

    • About.com: Financial Planning - Information on personal financial planning, including budgeting, savings, investing, retirement, insurance, and taxes.
    • Epinions: Finance - Consumer-generated reviews, buying tips and advice, ratings, price information, and searchable in a variety of ways from price to product type.
    • ConsumerSearch.com - Analyzes, ranks and recommends which personal finance products are the best.
    • iVillage MoneyLife - Financial planning and investment advice for single and married women, mothers, divorced or widowed women.
    WEBSITES FOR HOMEBUYING AND MORE
    Coldwell Banker www.coldwellbanker.com Go to the home price index to see the costs of home in different states.
    Money.com www.money.cnn.com Money's calculators on home refinancing, creating a budget, retirement planning and more.
    CREDIT AND DEBT
    Associated Credit Bureaus Consumer Credit Information www.acb-credit.com Sponsored by the Credit Reporting Agencies' trade group. Explains what a credit report is, how mistakes can be corrected, and whether bad credit can really be repaired.
    Quicken.com www.quicken.com This comprehensive financial site has a useful Debt Reduction Planner.
     

    Brokerage websites

     

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