Nabiullina advised novice investors to create a “safety cushion” before entering the market

The head of the Bank of Russia, Elvira Nabiullina, said that independent investments in the financial market require knowledge, since they are associated with risks. She advised novice investors to turn to professional managers and create a “savings cushion” to meet “minimal needs”, including buying groceries, paying utility bills, and a mortgage loan.

“An investor should always understand that investing in the securities market involves risks. These risks differ depending on financial instruments, on qualitative characteristics, and, as a rule, the higher the yield, the greater the risk, and investors should understand this,” Ms. Nabiullina said during a press conference following the meeting of the Board of Directors of the Bank of Russia. The broadcast is on YouTube channel Central Bank.

Elvira Nabiullina also said that the regulator expects the adoption of legislation on an individual investment account (IIA) of the third type in 2023. According to the expectations of the Central Bank, the mechanism itself will start working in 2024.

Today in Russia there are two types of IIS. IIS-1 allows investors to receive 13% of the amount deposited into the account, which should not exceed 400 thousand rubles. in year. Income from IIS-2 is exempt from tax. The minimum investment period is three years. On September 9, the Ministry of Finance announced plans to create IIS-3, which will allow combining tax benefits on income and contributions. The minimum term for it is going to be set at five years.

Lusine Balasyan