InvestorFirst, an initiative by NISM, is a cool, clean and useful site for financial literacy. And it’s live in Beta now.
There has been an ongoing debate among policymakers and academicians about the best way to provide financial awareness to the people at large. It is increasingly being felt that financially aware and capable citizens are crucial to a country’s long-term economic health. A population that chooses financial products well and stay informed about financial matters encourage healthy financial services markets. On a personal level the ability to manage our own financial affairs brings us freedom, increases our life choices and contributes to our psychological wellbeing. By building our own financial resilience, we contribute to that of our families, communities and society as a whole.
But getting unbiased information and resources on making financial decisions is not easy to get. That’s why a SEBI sponsored NISM’s effort in creating a website is a worthwhile one.
The website has been organized under
1. Investment Guides, where you can the basic concepts.
2. How tos, where you get practical info and demo.
3. Investor Protection, where you get info on how to get protection from fraud and mis-selling.
4. Resources, where you get useful tools, videos and calculators. and
5. Blog, where you can stay updated on the latest happenings.
The website looks cool. There are no advertisements and product pushes. They are also on Twitter @investor_first and they say that their priority is clear, “Investor First”. Looks like they’ll be happy to hear from you how to improve. Take their survey and it might help you with greater awareness about your own situation and how you can improve!