Last Sunday, there was an article in The Sunday Times, under "Invest" segment with the headline of "S'pore investors top financial literacy survey".
The survey was conducted by Centre for Applied Research (an independent think-tank set-up by US financial services company, State Street Corporation) through 13 questions to retail investors in 16 countries (there were 180 investors from Singapore). Following are the Top 3 ranking :
1. Singapore (average score of 70%)
2. Australia (average score of 67%)
3. British (average score of 66%)
France fared the poorest, among the 16 countries with a barely-passing score of 55% and Netherland ranked the second last with 56%.
Besides the small sampling size which might not be representative enough for the overall local retail investors, such survey results can only proof a few things :
a. Retail Investors here are better in studying (or to the minimal, remembering what ...
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