The executive manager noted that with the accumulation of funds, it is necessary to keep balance between risks and returns. “We recommend our customers to proceed from the balance of risk and return that is appropriate to achieve their specific investment goals. Deposits and bonds are more reliable, but less profitable. Stocks and more complex financial instruments are a riskier but also potentially more profitable type of investments,” he commented.
The speaker emphasized that individual investment accounts, in which people can receive a tax deduction and endowment life insurance, are becoming increasingly popular among Russian population.
“Speaking to students, I always advise them to have a financial plan: to transform the basic desires into goals that have value and term. Simple calculations show that having refused just one cup of coffee a day and correctly investing the money saved, you can save up for an apartment in 30 years,” Vedyakhin stated.
Sources: https://1prime.ru/banks/20200429/831355817.html
Photos are from open sources.
