Episode 128

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Published on:

5th Dec 2023

Beware of the finfluencer

Did you know many Australians get their investment advice from social media finfluencers?  It's a frightening fact.

A recent ASIC (Australian Securities & Investment Commission) conference determined that most of those giving financial advice online are both unqualified and unlicensed.

This week on the Friends With Money podcast, Money's Michelle Baltazar chats with Rhys Bollen, Senior executive leader of ASIC’s market supervision team, about the potential dangers of getting investment advice from social media.

  • What is ASIC?
  • What influence does social media have on investors?
  • How can you protect yourself?

Links:

Moneysmart.com.au

ASIC Website

#friendswithmoney #finfluencer #warning #michellebaltazar #rhysbollen

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Email Us: podcast@moneymag.com.au

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About the Podcast

Friends With Money
Earn. Save. Invest.
We all have questions about money; how to earn it, how to spend it, and the best ways to invest so we can watch it grow.

The Friends With Money podcast, created by Money Magazine (Australia’s longest-running and most-read personal finance magazine), shares its extensive network of finance experts, in-depth knowledge of markets and timely advice to help you understand the world of money.

Hosted by senior writer, Tom Watson, and editor-in-chief, Michelle Baltazar, Friends With Money is a weekly chat with a variety of credentialed guests that you won’t want to miss. Listening and learning will help you on the path to financial freedom.