“Finfluencers” are content creators who focus on financial information, and while their advice may seem attractive and relevant, it’s essential to be vigilant about whose insights you follow about investing your hard-earned money.
On this episode, Alexandra and Nauggets ESG Co-ordinator, Amy Freshwater, explain why “finfluencers” aren’t always trustworthy, and how their advice can potentially harm your back pocket.
Always remember, financial advice you encounter online is general in nature and it’s always best to talk to a financial advisor about your unique situation.
For verified insights on investing check out MoneySmart, and the ASIC consumer education website. You can also turn to Nauggets coverage for more information on diversifying your portfolio through gold.
Listen to the full episode here: