THE INFLUENCE OF FINANCIAL LITERACY ON COLLECTIBLES AS AN ALTERNATIVE INVESTMENT AVENUE: EFFECTS OF FINANCIAL SKILL, FINANCIAL BEHAVIOUR AND PERCEIVED KNOWLEDGE ON INVESTORS’ FINANCIAL WELLBEING

Abstract

This paper analyzes the influence of financial literacy in relation to investment decisions in collectibles. The focus is on assessing the influence of financial literacy on the preparedness of individual investors to make complex financial decisions with respect to investment in collectibles. This paper also evaluates the effect of financial literacy among investors on the financial behavior, financial skill, and perceived knowledge dimensions with respect to collectibles. The paper attempts to the influence of financial literacy among investors opting collectibles as an alternative investment option.