Financial experts encourage Thais to invest for their retirement
Financial experts are urging Thais to prepare for retirement by investing in the capital market, highlighting it as essential for economic stability.
During a recent forum titled "Bonds, Stocks, and Beyond: Building a Resilient Thai Economy," leaders from the Thai Financial Planners Association, Association of Investment Management Companies, and Thai Bond Market Association drew attention to the robustness of Thailand’s finance market and the need for greater individual investor engagement to sustain growth.
In Thailand, with a population of 77 million, only several hundred thousand are investing in stocks, bonds, and bank loans. Alarmingly, less than half of these investors are making strategically sound investment decisions.
Experts call for clearer regulation, practical encouragement for citizens' market participation, and the necessity of revamping the definition of an investor—recognizing that ordinary Thais are looking to grow wealth, not necessarily to become professional investors.
With an aging population, saving for retirement becomes crucial. Increasing financial literacy and training professional advisors to aid non-expert investors in developing suitable wealth management plans is essential. There's consideration for mandatory retirement savings due to the inadequacy of voluntary savings.
Professional financial advice is advocated not for speculative greed but for educating people on financial planning and risk management. This discussion aligns with Finnomena Group's initiative to lead one million Thais to financial success through expert guidance and optimal investment options, a goal set as part of its business expansion and strategic rebranding.
Finnomena plans to enhance its service quality by offering a wider range of investment products, like mutual funds and high-return options, through a user-friendly, data-driven platform.
The company emphasizes its commitment to quality through strategic local and global partnerships and a network of investment experts. Finnomena's rebranding underscores an evolved understanding of its value proposition to clients.