Artem Tuzov, Executive Director of the Capital Market Department of Univer Capital IC, said that the main enemy of an investor is financial illiteracy. The expert told what things should be avoided when investing, according to “Prime”.

The financier explained that the pyramids are a criminal, unprofitable and fraudulent project in advance. The expert called them the worst option for investments. If the collapse of the pyramid leads to the loss of money and bad experience, then the use of borrowed funds in such a situation threatens with disaster.

“But the situation is made catastrophic by the citizens themselves, who take a loan from a bank to invest in a financial pyramid or sell the only housing,” Tuzov stressed.

In addition, it is not worth investing in one or more projects with the same risks. “One financial pyramid or five-the result is the same: you will be left without money. But if you do not invest in financial pyramids, this does not mean that you invest only in reliable instruments,” the expert noted.

It is no less dangerous to issue direct loans to legal entities or individuals, since it is necessary to take into account not only the expected percentage of profitability, but also the investor’s ability to return the invested funds.

“If the financial market regulated by the Bank of Russia has built an infrastructure aimed at respecting the interests of both parties in investments, then going to the “marginal” unregulated areas of investment by the Central Bank, you are left alone with the problems that may arise in the process of such investment, ” the financier warned the Russians.