It was given only a fairly quiet launch, but we thought it was worth mentioning the new financial education website released by ASIC this week.

On face value, it looks like they’ve done a pretty good job.

It is, as to be expected, geared towards the lower denominator and encourages slow, diversified wealth-building for eventual retirement. Not that there’s anything wrong with that, of course… But, those of you with a few dollars behind you already may find it a little obsolete already.

Scott Pape, the “Barefoot Investor“, has been espousing much of this stuff for years. The main difference between the two, from what I can see, is that ASIC doesn’t try to be cool. Don’t expect either to tell you how to retire in ten years through property investment, though… Somersoft might be a better bet for that one.