MU Extension to offer savings, investment seminar in Stockton

Posted November 29, 2012 at 1:24 pm

If you’ve been thinking about investing your money, but are not sure where to start or are afraid of making a mistake, then sign up for one of the three free “Safeguard Your Savings” workshops being held in southwest Missouri on Dec. 10 and Dec. 11.

“Safeguard Your Savings” will be held from 6:30 p.m. to 8:30 p.m., Monday, Dec. 10 at the Cedar County Health Complex, 807 Owen Mill Road, Stockton. To register for the free seminar in Stockton, call the Cedar County University of Missouri Extension office at 417-276-3313, or e-mail cedarco@missouri.edu.

During the two-hour seminar, participants will learn the basic principles of saving and investing, setting financial goals and developing plans, the types of financial markets and how they work, selecting a financial professional, as well as avoiding investment scams.

Sponsored by the Missouri Secretary of State and University of Missouri Extension, this workshop was created and funded by the Investor Protection Trust, a nonprofit organization that provides objective information to help consumers make informed investment decisions.

“Safeguard Your Savings” is being provided across Missouri. The programs in southwest Missouri will be presented by Janet LaFon and Nellie Lamers, University of Missouri Extension family financial education specialists.

“When they hear the word ‘risk,’ the average person thinks it’s a negative term,” said Rob Weagley, chair of the University of Missouri Department of Personal Financial Planning. “In the financial world, risk allows you to get returns.”

The fear factor, he said, prevents many people, especially those in the low to middle incomes ranges, from investing in financial markets and building wealth.

Weagley said his research found that the greatest demand for investor education is among 44- to 55-year-olds, who are planning for retirement; however, the seminars can benefit any age group.

“It’s never too late for people to get involved and to find out if they need to make financial changes,” Weagley said. “Ninety percent of us think we could do it better if we knew more.”