What are Russians doing wrong when investing money?
People want to understand what mistakes they're making with their investments and how to properly manage their savings.
1 answer
The most common mistake is investing in things they don't understand, just because it sounds attractive or a neighbor recommended it. A lot of people don't diversify their investments and put all their eggs in one basket, then panic at the first drop in quotes. People also often ignore inflation - they keep their savings in a deposit with a rate lower than how fast prices are rising, and effectively lose money. If you're going to start investing, you either need to understand what you're putting your money into, or trust professionals like portfolio managers.
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