Stock Market Analysis and Personal Finance

Mr. Bernstein

Consumer Purchasing and Protection, pp 88-112

March 1, 2013

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Stock Market Analysis & Personal Finance Mr. Bernstein

Researching Consumer PurchasesBefore You Shop

Identify Your Needs: Know Why You Might BuyGather Information: People, Ads, Reports, InternetBe Aware of the Marketplace: Different ways of obtaining product Different variations of the product Different financing methods Trends in the Product (Innovations, Pricing)

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Stock Market Analysis & Personal Finance Mr. Bernstein

Weighing the AlternativesIdentify the features you valueDo comparison shoppingExamples: Price, Location or Speed of Delivery, Durability, Product WarrantyConsumer Reports

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Stock Market Analysis & Personal Finance Mr. Bernstein

Making the PurchasePaying CashLoan or FinancingLease

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Stock Market Analysis & Personal Finance Mr. Bernstein

After the PurchaseWarranty: Written Guarantee of Product Capability,

with terms of returnImplied WarrantiesService Contracts, or Extended Warranties

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Stock Market Analysis & Personal Finance Mr. Bernstein

Sources of ComplaintsFraud – dishonest advertising…” If it seems too good to be true…it probably is”Attempt to work in good faith with the businessDocument the processOther legal methods are available: Small Claims Court, Mediation/Arbitration, Class-Action Suits (ie InBev)