Financial well-being promoted by MeDirect Bank Malta

Financial well-being is about feeling a sense of security, as though one has enough money to meet their needs. It is about being in control of the day-to-day finances and having the financial freedom to make choices that allow a person to enjoy life.

MeDirect Bank is organising the second medirectalk investment webinar for 2021 with the theme being “What Is Financial Well Being? - The Morningstar view”. The event will provide an expert overview of how focusing on financial well-being lets a person assert their own path to financial security.

The webinar is set to take place on 13 May at 6pm and will explore how financial well-being has a direct correlation with a person’s general well-being and how one actually enjoys their wealth. Dr. Sarah Newcomb, Director of Behavioural Science at Morningstar, will be the main speaker during the webinar. She has published a paper titled “When More is Less; Rethinking Financial Health”.

“There are the clients who fear not having enough, despite every indication to the contrary. There are those so fearful of making a wrong choice that they refuse to make any, leaving their wealth to slowly erode in cash accounts," she said in her paper. "Other clients, in contrast, spend too freely, choosing blissful ignorance about the damage to their bottom line.”

Newcomb will define financial health as the combination of economic stability and emotional well-being with respect to one’s finances. She will speak about four mental factors associated with financial well-being, and how they can impact one’s financial and emotional bottom line. Participants will learn how to assess themselves in these four areas, following which they will be invited to ask questions to the speaker.

Newcomb ‘s work has earned mentions in the New York Times, Wall Street Journal, and USA Today among other major publications. She has blogged for Investment News and Psychology Today, and is author of Loaded: Money, psychology and how to get ahead without leaving your values behind (Wiley, 2016).

Morningstar Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, retirement plan providers and sponsors, and institutional investors in the debt and private capital markets. Morningstar provides data and research insights on a wide range of investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. They also offer investment management services through its investment advisory subsidiaries, with over $240 billion in assets under advisement and management.

Registrations are open for this event through https://www.medirect.com.mt/invest/medirectalk.  Participants are also encouraged to send in their questions on the subject ahead of the event, on [email protected].

The information which will be given during this seminar is provided by Morningstar Inc. The information contained in this talk is for general information purposes only and is neither intended to provide legal or other professional advice nor does it commit MeDirect Bank (Malta) plc to any obligation whatsoever. The information available during the seminar is not intended to be a suggestion, recommendation, or solicitation to buy, hold or sell, any securities and is not guaranteed as to accuracy or completeness. The financial instruments discussed may not be suitable for all investors and investors must make their own informed decisions and seek their own advice regarding the appropriateness of investing in financial instruments or implementing strategies discussed herein.