ASIC to Advise Whyalla Residents to Invest safely and with confidence

Representatives of the Australian Securities and Investments Commission (ASIC) are visiting Whyalla this month to provide residents with tips about safe investing.

 

ASIC’s South Australian Regional Commissioner, Mr Mark Bielecki, together with representatives from ASIC’s South Australian office, will be attending Whyalla on Monday, 25 June 2012 to provide a free public seminar about safe investing and some things to look for to avoid illegal schemes and scams.

 

Mr Bielecki said investing always carries risk, so the trick is to make the best calculated choices to minimise that risk.

 

“ASIC is committed to improving financial literacy and to providing regional communities with unbiased investor education information. The seminar will demystify and outline some basic investment concepts to equip investors to make more confident and considered decisions”, Mr Bielecki said.

 

“Eighty per cent of Australians do not currently access professional financial advice. Financial products can be complicated and it is important to understand that different types of investments carry different risks, and to understand your options in managing those risks.

 

“We also want to help investors avoid falling prey to illegal investment schemes and dodgy scams. We encourage Whyalla residents to join us on Monday, 25 June 2012 to learn how to stay one step ahead of the pro moters of these schemes and gain a better understanding of the broad principles of investing”, Mr Bielecki said.

 

The seminar is part of the Whyalla Chamber of Commerce and Industry’s new Professional Forum series. Chamber President Ron Hay sees this is an invaluable opportunity for local residents to hear direct from the financial regulator.

 

“Informing yourself about investment risks is critical in making smart personal or business investment decisions. Living in a regional area does not preclude us from being subject to scams or offered poor investment opportunities”, Mr Hay said.

 

“This seminar is a fantastic opportunity to access senior ASIC officials and I thank ASIC, SA Regional Commissioner Mark Bielecki and his team for making themselves available to the people of Whyalla”.

 

“And once you feel better informed about investing, you may wish to visit one of the local financial services businesses that are licensed to offer financial advice and planning services to assist you with your investment requirements” Mr Hay said.

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