Financial Risk

​People invest in order to earn a positive return on their money

​Making any sort of investment involves a financial risk. Investments include things like

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• Property

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• Superannuation

• Shares/stocks

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​Looking after your money

Multiple Choice

Investments include financial risks

• True

• False

Multiple Select

Select the 3 answers that are a type of investment

• property

• shares / bonds

• centrelink payment

• suuperannuation

​There are many types of financial institutions in Australia including banks, credit unions and building societies.

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You need to be aware of the different options available to you in financial institutions and financial products.

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​Financial Institutions

Multiple Choice

You need to be aware of different financial products available to you

• True

• False

Fill in the Blanks

You can borrow money from credit unions, friendly societies and

• ​ a dishonest scheme to trap you into parting with your money

• an attempt to convince you to give the scammer money in return for a promise to do something, it's a promise the scammer never intends to keep

• use of unscrupulous means to gain access to your personal details such as credit card information

​What is a scam?

• ​ Business opportunity or employment scams

• Charity scams

• Product scams

• Pyramid schemes and chain letter scams

• Winning system scams

• Prizes and lottery scams

​Types of Scams

Fill in the Blanks

A scam is a dishonest attempt to obtain your money or

Fill in the Blanks

There are Business opportunity or employment scams, product scams, pyramid schemes and chain letter scams, winning system scams, charity scams and

​Occurs when someone illegally obtains your personal details, such as bank account numbers and uses them to commit fraud

• Borrow money

• Buy items

• Open new credit card account

​Indentity Theft

Multiple Select

Which of the following options are things that could occur if your identity is stolen?

• use of your bank account details to borrow money

• use your identity to obtain a new credit card in your name

• use of your bank acccount details or credit card to buy something

• give you a new identity for a credit card application

• give you a new identity to use to buy items online

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Many ways consumers can protect themselves from financial risk

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• Make informed decisions and seek advice from qualified financial advisors

• Be aware that all investments involve some level or risk, and understand the need to weigh up risk and return

• Diversify investing in a wide range of assets – invest in several different shares and have the rest of the money split between term deposits, property and managed funds

• Have insurance, savings and superannuation

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​Protecting Yourself

Fill in the Blanks

Seek advice from qualified financial advisors, diversify your investments, weigh up the risks, have insurance, savings and