Economist explains how to avoid encountering a financial pyramid when investing

No time to read?
Get a summary

Economist, member of the supervisory board of the Union of Financial Analysts and Risk Managers Alexander Razuvaev believes that the increase in the number of financial pyramids in Russia is associated with the desire of residents to get rich quickly. In an interview with NSN It has been recommended Study the financial sphere before investing and check on the Moscow Stock Exchange before buying shares.

“As long as the internet exists, financial pyramids will always exist. It will not become extinct because it is not a sucker mammoth,” Razuvaev said. — Financial pyramids can probably only disappear in the case of a planned economy. But I hope we never experience it again.”

The expert recommended studying the financial sphere on popular Telegram channels to avoid encountering scammers. According to him, caution is needed when investing in cryptocurrency.

“It is not right to invest in crypto. Money needs to work for the Russian economy, but the point is different. Stocks, bonds, real estate are real estate assets that generate cash flows that you can somehow predict. And crypto is just demand. If there is demand, prices rise, if there is no demand, prices fall,” the economist said.

He advised Russians who want to invest to successfully monitor the deposit opportunities in their bank’s applications, noting that all securities accepted for trading on the Moscow Stock Exchange are considered to be of high quality.

“If you want to fully protect yourself, before buying any stock, see if it is on the Moscow Stock Exchange index. The risk, if any, is zero. If not, it is either a startup or some kind of nonsense,” the economist concluded.

The Central Bank reported today that the number of financial pyramids in Russia this year increased to 2176, or 47%. reported It was also stated that the State Duma will consider a bill banning the activities of financial pyramids.

Previously expert appreciatedShould Russians invest in gold?

No time to read?
Get a summary
Previous Article

Putin highly appreciated Tatarstan’s experience in developing interfaith relations

Next Article

OECD warned Spain: It will spend more than it earns with the pension reform