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How financial literacy and trust can guide investment decisions towards better financial health

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Fresh research from Dr Joelle Fong, an assistant professor at the Lee Kuan Yew School of Public Policy, showed that boosting financial literacy helps strengthen household balance sheets.

Knowing and understanding products, services and concepts and the ability to apply this knowledge to make sound decisions is what financial literacy is all about.

PHOTO: LIANHE ZAOBAO

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SINGAPORE – Investors can be forgiven for feeling confused and befuddled these days, given the vast array of financial products on offer – from equities to bonds, currencies, derivatives and commodities... and plenty in between.

Add to this the seemingly endless sub-sets focused on different themes, sectors and so on and it’s no wonder many people feel overwhelmed.

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