The cost of financial illiteracy is high. From distorted markets to mangled individual retirement plans, some of the consequences have become all too familiar for investment professionals. Can efforts to raise financial literacy change behaviors and promote better outcomes? The May/June issue of CFA Institute Magazine examines the scope and scale of financial illiteracy and initiatives designed to address the problem, including efforts by local CFA Institute member societies.
Other highlights from the May/June issue include:
- What research into memory formation reveals about investment decisions.
- How aggressive monetary policies affect portfolio construction.
- Whether erroneous trades can lead to mini-flash crashes.
- Improving market access for small- to medium-sized enterprises.
- The strategic link between the Claritas Program and the goal of shaping the investment industry for the greater good.
Plus articles on reducing the investment industry’s trust deficit, the difference between socially responsible investing and morally responsible investing, why people play games with an infinitely negative expected value, and career advice from successful investment professionals.
Please note that the content of this site should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of CFA Institute.