Category: Uncategorized
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What is Financial Literacy?
And why does it matter? Many things in life involve money. Almost everything. Want to buy a house? That costs money. Want to have a baby? That costs money too. Take a holiday? You’ll spend money. Visit a friend? Taking the MRT costs money, too. Financial Literacy is defined as the ability to make informed…
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If You Can
Bill Bernstein wrote a famous short book called “If You Can”. It’s available In 26 pages, it tells you how you can outperform most of the financial industry and save your retirement. “All they’ll have to do is to put away 15% of their salaries into a low-cost target fund or a simple three-fund index…
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Why can’t a finfluencer offer you Financial Advice?
Recently, MAS warned 5 content creators that they were providing financial advice without a license. Three questions follow: What is financial advice? MAS offers guidelines on what constitutes financial advisory service. “Generally, MAS considers a particular communication, whether oral, online or in print, to be financial advice if it expresses an opinion on the merits…