The rise of financial influencers in Malaysia has attracted many seeking financial guidance, but former students warn against blindly following their advice. They highlight the risk of misleading or incomplete information leading to financial losses. A former student, Sam, shared his experience of investing thousands of ringgit based on a popular influencer's tips, ultimately losing a significant amount of money. He urges the public to be discerning, conduct thorough research, and not solely rely on one source for financial advice.
PETALING JAYA: The rise of financial influencers in Malaysia has drawn many eager learners to their online content or classes, but some attendees warn against blindly following their advice.
In 2020, Sam, 33, was retrenched from his full-time job. Having just welcomed his firstborn child, he was desperate to find other sources of income for his family.Then his account feed began to display posts from local financial influencers.The posts piqued his interest in topics such as financial management and financial trading, and he followed an influencer who offered advice on investing money through online trading.
“At first, I felt really confident to trade because I was beginning to understand how it worked, and the creator was supportive in sharing more tips with us.
FINFLUENCERS INVESTING FINANCIAL ADVICE RISK MANAGEMENT CONSUMER CAUTION
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