Investing Blog Roundup: ACATS Transfer Fraud

For years I’ve been of the opinion that it’s a good idea not to check your investment accounts very often, as it leads many people to participate in one form or another of performance chasing.

I still, emphatically, think that changing your asset allocation on any regular basis is not a good idea. But I definitely see the value in checking your accounts on a regular basis as a fraud-prevention mechanism.

This week we have a story of a particularly devious method of fraud (which involves direct theft, straight out of the victim’s brokerage account).

• Protect Your Brokerage Accounts From ACATS Transfer Fraud from Harry Sit

Other Recommended Reading

• New CFPB Chief Closes Headquarters, Tells All Staff They Must Not Do ‘Any Work Tasks’ from Laurel Wamsley
• When Safe Withdrawal Rates Collide With RMDs from Christine Benz
• Here We Go Again: Merton Share and Why I Don’t Use Retirement Calculators from William Bernstein
• Man Turned to Credit Bureau for Credit Protection; It Led to Identify Theft from Kerry Kavanaugh
• Examining Vanguard’s Forecasted Returns for the Decade Ahead from Allan Roth
• Unsexy Finances for People Solving Important Problems from Meg Bartelt

Thanks for reading!