Nabiullina gave advice to novice investors

MOSCOW, February 22 – RIA Novosti. Russians who have just started investing in the stock market should not carry their last money there or take out a loan for this, and also need to assess all the risks when playing on the stock exchange and “do not put eggs in one basket,” advises the head of the Bank of Russia Elvira Nabiullina.

“You can't bring your last money to the market – you should always have savings. Don't put your eggs in one basket. Don't invest, at least for novice investors, with borrowed money,” Nabiullina advised novice investors in an interview with the Russia 1 TV channel. …

The head of the Central Bank also advised investors to evaluate the risks when they are offered products with high returns, noting that the previous profitability is not necessarily the future profitability.

Last year, Russians began to actively enter the stock market against the background of declining profitability of bank deposits. According to the Moscow Exchange, the number of retail investors in January 2021 increased by almost 626 thousand people and reached a record 9.4 million people.

Author: wedocount

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