tag:blogger.com,1999:blog-5433839636644874439.post433904517619868180..comments2024-03-04T13:37:11.022+00:00Comments on Canadian Financial DIY: Financial Literacy Proposals - You Gotta Be Kidding!CanadianInvestorhttp://www.blogger.com/profile/05645767559302303541noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-5433839636644874439.post-60958169094878214192011-02-22T09:31:46.541+00:002011-02-22T09:31:46.541+00:00You were absolutely true in saying "It's ...You were absolutely true in saying "It's not knowledge, it's behavior" attitude is every thing<br /><br /><br /><a href="http://www.samplequestionnaire.com/financial-literacy-questionnaire.html" rel="nofollow">Financial Literacy Questionnaire</a>Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5433839636644874439.post-52090750784089164032010-06-15T15:53:48.793+00:002010-06-15T15:53:48.793+00:00Potato/Straight talker, I guess what you say is tr...Potato/Straight talker, I guess what you say is true ... if you happen to read the right books with sensible advice, you can probably make out reasonably well. However, it still leaves the issue of how can people learn to tell apart good advice from bad advice? You must get really expert to do so. Take one controversial(?) example - do you invest in market-cap index funds or are fundamental/equal weight index funds better? Want to form your own opinion, then better start reading fairly sophisticated stuff like the Andre Perold paper, the Arnott-Hsu papers and the EDHEC institute assessment. <br /><br />In the end, I do believe financial literacy can be useful when given from an early age in schools, where other literacies are taught. It will also be especially useful when financial planners are required to have much greater financial literacy too (along with a fiduciary duty).CanadianInvestorhttps://www.blogger.com/profile/05645767559302303541noreply@blogger.comtag:blogger.com,1999:blog-5433839636644874439.post-45053420335362068752010-06-14T19:18:51.985+00:002010-06-14T19:18:51.985+00:00I agree with CCP. You are selling too many people ...I agree with CCP. You are selling too many people short. With a modicum of wisdom most investors can do very well with financial planiing and investing.Befor behavorial change must come knowlege and understanding. The task force (and it's recommendations) might help.www.straighttalkinvesting.canoreply@blogger.comtag:blogger.com,1999:blog-5433839636644874439.post-67800983566146484332010-06-14T12:40:02.672+00:002010-06-14T12:40:02.672+00:00A thoughtful post, and I agree with your first poi...A thoughtful post, and I agree with your first point entirely. However, I think your second point is misleading. The Milevsky book is a textbook, not intended for the general public. You don't need anywhere near that level of sophistication to manage your own finances. Building a low-cost diversified portfolio is not "rocket science." You need to read a few books and spend some time on it, and you need high school math skills, I suppose, but that's it.Canadian Couch Potatohttp://canadiancouchpotato.comnoreply@blogger.com