Voices: Many Latinos lack investment accounts. They need money mentors.

As the eldest of three kids, it was my responsibility to be the translator and “secretary” for my parents. I knew that I lacked financial knowledge and experience and I made it my mission, at age 11, to learn everything about money and business.

However, something hit me. I felt a calling to leave the firm and I decided to return to East L.A. and open a financial planning firm to help my community, people like my father and mother who never had access to consumer-friendly financial advice.Sadly, while technology and social media have made financial information accessible to everyone, the Latino community still trails way behind in investing, specifically in well-diversified investment portfolios.

Overall, Latinos do understand how to handle money. Latinos are good at managing budgets and saving like our parents did. By example, we even watched as our parents helped family members financially in Latin American countries.

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Source: CNBC - 🏆 12. / 72 Read more »