Novice investors are better off betting on the securities of one company and not investing their last money in stocks. So says the head of the Central Bank of Russia Elvira Nabiullina.
At first, a young investor should avoid risks and always have savings. Another rule is a ban on investing borrowed funds, Nabiullina said.
“You should always have savings. Do not put all your eggs in one basket, of course, ”advised the head of the Central Bank.
In the case of offers of high returns, the investor must examine all possible risks. The profitability already obtained does not always mean successful completion of transactions in the future.
There are several simple ways to maintain and increase your savings. These include a bank deposit, federal loan bonds and corporate bonds, says Nadezhda Grosheva, an expert at the NFI Financial Literacy Center of the Ministry of Finance of Russia.