Gref called the main mistakes of the Russian private investor
Among the main mistakes of a typical private investor Herman Gref called panic, incorrect risk management and the pursuit of high returns. In particular, Gref believes that you should not make investment decisions on Monday morning
The head of Sbera, German Gref, spoke about the mistakes that a typical Russian private investor makes. These errors he listed in the framework of the investment forum "Real Future", which was organized by the bank, "RBC Investments" followed the broadcast.
Panicize
Referring to the experience of previous crises, the first mistake Gref called making decisions in a state of panic, under the influence of strong emotions. Hence, according to the head of Sberbank, the following mistake follows.
Exposing yourself to unnecessary risk, including making a decision on Monday morning
“If you look at the error curve, there are some rapid changes in the market, or suddenly there are rumors about these changes, and Monday morning is the time when people lose the most,” Gref said. Therefore, he recommends diversifying the portfolio.
“Do not put all your eggs in one basket. It will either bring you big losses, or it will be sad about the lost income, the banker recommended.
In his opinion, it is worth researching the types of risks and understanding what risks are relevant to you. It is also worth identifying your risk profile and sticking to it.
Chasing the Xes
“Memcoins that have a guaranteed return of 100% are not investments, they are casinos.” And all people should understand that. And, I would say, this is the worst casino option without a free bar and without a free taxi home.
Ignoring taxes
The change in tax legislation is a very dynamic story today, which must be followed, the head of Sberbank said.
From the point of view of taxes, Gref considers it a mistake to ignore IIS, which give benefits. Proposals for reforming IISs can increase the attractiveness of such accounts, in particular, Gref supports initiatives to reduce the minimum shelf life of IIS assets and withdraw coupons.
Thinking you’re late to do something and regretting missed opportunities
“If we hadn’t planted a tree 20 years ago, maybe the best time to plant it is today, not tomorrow. Don’t forget that your neighbor’s tree has grown by 10 meters. Perhaps yours will be more branched, Gref concluded.
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