We are all investors.
Will you let Wall Street know it's time to listen to us?
I think their aims are commendable. I then look back home to South Africa and realise that our Financial Services sector itself has a lot to answer for. High costs and limited transparency are hallmarks of the industry. I do think FAIS will assist in eliminating some of the bad eggs in the sector but at the end of the day it is up to the investor to equip themselves with the right information necessary to make an informed decision. At the very least know the right questions to ask.
A central focus of the project is investment costs. Often these costs can be hidden quite well and not explained to the investor. Read anything that John Bogle has written about the tyranny of compounding costs and you will surely be motivated as an investor to take action.
So in essence, I Am An Investor South Africa is about educating the man on the street. A noble cause I think. I will give it a good go and see how it pans out over the next few months. At the end of the day building your wealth starts with you.
The basic website is up and running ( I Am An Investor South Africa) and further content will be added in the coming weeks. Please join the Facebook group here in the meantime. Many thanks for any support!