"I learned that gambling with money is not always smart even though it is tempting. However, even though being a risk avoider can be beneficial, sometimes it is more beneficial to take some risk depending on the reward."
-- 2012 Award Winner Olivia, 20 years old from Ontario
All entrants are required to complete a custom money personality quiz (developed by MarketPsych LLC, a leading behavioural economics consultancy) to determine their fundamental attitudes and behaviours towards money and investing. Once they complete the quiz, entrants are asked to write an essay based on what insights they gained from the quiz. Both the tailor-made quiz and essay are intended to help Canadian youth become more financially aware and more effective in managing their money affairs by assessing their tendency to save, risk tolerance and how interested they are in financial matters.
About Brandes Scholarship Program: This program is Brandes Investment Partners & Co. initiative to advance financial literacy and responsibility among Canadian youth. The Brandes Scholarship Program and the money personality quiz were specifically developed to address recommendations from the federal Task Force on Financial Literacy. In February 2010, the Canadian government launched this task force to investigate the financial literacy of Canadians of all ages. It released its recommendations on how to improve financial literacy for all Canadians in its February 2011 report, "Canadians and Their Money.""Saving for retirement is an endeavour that we should all start the moment we enter the workforce. The most important story I have learned about in the current economy is that it is never too early to start saving for the future." --2012 Award Winner Sharon, 19 years old from Alberta About Brandes Investment Partners & Co. ( Brandes Canada): Brandes Investment Partners & Co. is the Toronto-based manager of the Brandes Funds and affiliate of Brandes Investment Partners, L.P., of San Diego, California (Brandes), which is a sub-advisor to certain Brandes Funds. Brandes is a leading global investment advisory firm, managing assets for institutional and private clients worldwide, including assets for Canadians in separate accounts, wrap, private client investors and through Brandes Canada's family of mutual funds. ________________________ 1 IFIC Investor Education Award at the 2012 Canadian Investment Awards SOURCE Brandes Investment Partners & Co.