High yield finance investments extra risky
The Australian Securities and Investments Commission warned to consumers about the risks involved in many fixed interest investments that are widely advertised in the press, radio and television. ASIC said risky fixed interest investments are aggressively advertised to consumers. ASIC said banks, building societies, credit unions, super funds and life insurance companies are the only institutions specially regulated to make sure that, under all reasonable circumstances, they can meet their financial promises. Otherwise, you're taking an extra risk, like buying shares. ASIC said if your expected return seems high, it adds extra risk.