Do you think that financial literacy helps in investing?

[Stardom22]

So as far as the investment matters are concerned, is it really a must for one to be financially literate to succeed in the world of investments for that reason?

 

[Trush Jodie]

Investing involves making decisions on the right path to channel your funds and get returns. And financial literacy is very important in that regard.

 

[Starmix]

Of course, no one invests without financial literacy. It is crucial for an investor; he may lose a huge amount of money.

 

[eLdavis]

Having knowledge in finance does play an important role when it comes making financial decisions and investments.

 

[neku]

When a large number of frauds are trying to rob your savings or block payment financial literacy does not help since it is difficult to make money for investment.

 

[JoseR]

Financially literate individuals have the tools in their mental toolbox to not let themselves be victims of fraud. The more you know how the financial world works, the more you can recognize financial behaviors that do not conform to legitimate practices.

As far as investing goes, yes, financial literacy allows the investor to scan all the details of a company so they can make an informed decision regarding buying that stock, or not.