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Saturday, 1 November 2014

More needs to be done to provide Singaporeans with investor education: Lawrence Wong

Speaking at the annual Securities Investors Association (Singapore) Investors Choice Awards on Friday evening, the Minister for Culture, Community and Youth said this is so that they better appreciate the risks and potential rewards.

 

SINGAPORE: Much more needs to be done in terms of providing Singaporeans with basic investor education so that they better appreciate the risks and potential rewards, said Minister for Culture, Community and Youth Lawrence Wong.

Mr Wong was speaking at the annual Securities Investors Association (Singapore) Investors Choice Awards on Friday (Oct 31) evening.

He said:

For every Warren Buffett, there are many one-hit wonders in the investment world. 

It is easy to get swayed by promises of quick returns on investment, especially in today's low-yield environment. 

But in the financial markets, there is no such thing as a free lunch."

 

Several companies were awarded for good corporate governance at the event, including DBS Group, Keppel Telecommunications & Transportation and Nera Telecommunications.

Financial journalists and retail brokers were also recognised for their contributions to the investing community.


 

4 comments:

  1. More of this will help? Meet your favorite local financial Influencers live! (4)

    More of such STRICTLY NO SELLING events. May be SGX Investors Education Fund should help to sponsor such events. LOL!

    ReplyDelete
  2. IMO, SIAS has done a good job to educate public on investment. Kudo to them.

    On the other hand, G shall also take active role to regulate and prevent potential scam and cheat. Very often, despite public feedback, the G done too little to warn the public or stop the scam from spreading out. Only when the scam burst, then G come in but it is too late as millions dollar has been lost.

    ReplyDelete
    Replies
    1. Yalor.

      Alternatively, we need to educate more commoners there is no such high return low risks investment.

      May be SMOL can spend 5 minutes to speak on this. LOL!

      Delete
    2. Ah Choo!

      No such luck!

      I am only responsible for entertainment. I leave "bleeding heart" things to others.

      I believe in small government. So the less "interference" the better.

      The more we "expect" others to take care of us, the more dangerous it's for us.

      "The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

      Delete

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