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I registered as a member of Moneylife foundation today. Moneylife Foundation is a knowledge and advocacy initiative for investors and consumers.
Moneylife Foundation intends to engage in spreading financial literacy through workshops, round table meetings and awareness campaigns; advocacy to crystallize policy and bring about regulatory changes to protect investor rights and grievance redressal, counseling and research.
Moneylife goes beyond mere personal-finance information and has a strong consumer focus. They help resolve readers’ problems and take a stand on matters concerning investors and consumers through dialogue with regulators and government departments. However, information needs to be supplemented with concerted efforts to spread financial literacy.
Lack of knowledge and understanding about financial markets and financial products is the root of most investor problems. For instance,
• Equity and debt investments are based on bad advice and no research.
• Broker and bank accounts are misused because investors are unaware of having signed a Power of Attorney in favour of brokers and often don’t read transaction statements.
• Borrowers end up in a debt trap because they have no clue as to the steep interest charged on cash withdrawal or roll-over of credit-card payments.
• The concept of a credit history and the long-term implications of a negative credit history, due to payment disputes or defaults, are unknown to most borrowers.
• Transmission of shares and property is a cumbersome process that needs change. So do concepts like reverse mortgage and insurance practices. Senior citizens need to be especially aware of these.
To regularly address the various issues investors and consumers actually face, I invite you to be a member of Moneylife Foundation.
For registration form, email: mail@mlfoundation.in
or email with following information: Name, Email ID, Address, Age, Telephone
Online registration: http://www.moneylife.in/register.html
About Ranjan
He edits Personal Finance Online Resources, delivers Financial Awareness Workshops and has built a desktop RupeeManager.
Email: ranjan@ranjanvarma.com or Call on +919867755615
