Kaya 959 Allan Gray Kaya Biz

The dangers of social media financial advice

Loading player...
In recent years, social media platforms have become a popular source for personal finance information and advice – with users sharing tips on everything from the latest stocks to buy and products to consider, to behavioural hacks to help you manage your monthly budget and more. But can you trust everything you see online? The recent FinTok craze on TikTok has demonstrated how scammers and fraudsters take advantage of unsuspecting young investors who source financial advice online. Nomi Bodlani joins Kaya Bizz to discuss the dangers of taking financial advice from online social platforms and share some tips to help us scam-proof our investment decision-making.
2 Jun 2021 English South Africa Investing · Investing

Other recent episodes

ALLAN GRAY – Lessons for investing in uncertain times

GUEST - Tim Acker - Portfolio manager at Allan Gray With 2024 being an election year for almost half the world’s population, including South Africa, the US and the UK, many investors are worried about what the future holds and how it will affect their wealth. But the times we…
9 Apr 2024 9 min

ALLAN GRAY – How to achieve a sustainable retirement income

GUEST – Richard Carter - Head of Assurance at Allan Gray According to industry stats, the average South African retiree can replace just 31% of their monthly income when they reach retirement. Most income-earners face the very real risk of outliving their retirement nest egg. Richard Carter, head of Assurance…
12 Mar 2024 15 min

ALLAN GRAY: How staying the course gives you the long-term edge

GUEST - Mthobisi Mthimkhulu - Direct Clients manager at Allan Gray In a world where instant gratification is king, it can be hard not to get distracted by the lure of short-term gains. But taking a long-term view of your investments and staying the course can give you the edge…
20 Feb 2024 11 min

ALLAN GRAY – How to maximise your tax benefits this February

The end of the tax year in February presents an opportunity to evaluate the tax efficiency of your financial plan. With many competing financial priorities in the current economic climate, as well as the pending changes to the retirement fund system, you may be wondering whether maximising the annual tax…
6 Feb 2024 10 min
All episodes