GO
Loading...
4 / 9    

8 Ways to Avoid Financial Abuse

Photo: Peter Dazeley | Photographer's Choice RF | Getty Images

» more from Who's Watching Your Money

Get investment pros and cons

Ask for pros and cons of each investment idea.

If you're only hearing the reasons why you should make the investment, you're not getting the full story. You may not know how to choose the right investment; that's why you hire an expert.

But you should understand how the investments work. Your adviser should be able to explain the pros and cons of the investment strategy and actual investment products. Ask questions if you don't understand and don't hesitate to get a second opinion.

Photo: Peter Dazeley | Photographer's Choice RF | Getty Images