Learning reflection on Consumer Fraud

Consumer Fraud
Consumer fraud is the defrauding of a consumer of various products and services.

A social security number is a 9 digit number issued TO U.S citizens and permanent
resident that is used as a primary form of identification by the government.

The truth in lending act requires that individuals and businesses extending
credit, like your credit card company,reveal all the terms and costs that are attached to it. Fair credit reporting act requires correct use of credit reports.

I will keep my social security card safe.

I will contact my bank when there is any misunderstanding.

And i will use fair credit report.

i will avoid any abusive practice from debt collectors.

Learning Reflection on Investing

Investing

Investing means putting down money to gain interest.

When you invest,you avoid gain more money if the company you invested your in is growing.

Capital gain is the amount of money you gain from an investment hence the name

Bonds is basically a loan except that in this case, you're the lender

Mutual fund is collection of investment that you can buy as a single package, rather than purchasing individual stocks, bonds, and other investment yourself

A stock is a share of ownership in a company.

Appreciation in value is the key to any investment.

I will invest money into a company that will make sure there is no risk with my money.

I will also like to get me a stock in a developing company.

Making bonds with larger companies will be a pleasure to me.