In the Bank of Russia, the main risks faced with beginner retail investors. The first deputy chairman of the Central Bank (Central Bank) Sergey Shvetsov was told about them during direct ether in social networks, TASS reports.
One of the main hazards is the wrong expectations of citizens, many of which play the stock exchange to quickly get rich. “This is not a casino. This is not a raging of the coin. Therefore, it is possible to expect that you came to the stock market, bought some kind of magical shares, quickly earned and decided all our problems – this is not about investment,” said Shvetsov. He compared investment activities with entrepreneurship and noted that for profit, it is necessary to work for a long time. For rapid enrichment, he suggested investors to go to the casino.
The representative of the Central Bank has concluded a lack of knowledge and experience in novice players and on the behavior of financial intermediaries using these gaps of investors.
Also, the Shvetsov recommended players to use passive investment strategies or transfer money to trust management – In this case, the investor chooses a strategy, and manages the capital of a professional.
Against the background of the popularity of investment programs, the Central Bank began to pay more attention to this area in order to secure the Russians playing on the stock exchange.
At the end of July, the Central Bank recommended that banks not conclude brokerage service contracts with customers in automatic mode, since such a practice can enter error players and violate their rights.
In early June, Sergei Shvetsov said that he refused to allow 12-year-old children to trade on the stock exchange. The proposal voiced by him at the St. Petersburg International Economic Forum (PMEF-2021), the Shvetsov called “impromptu”.