Passive income in the form of investments is fraught with risks. Significant amounts of initial investment are needed, and in an unfavorable scenario they can be lost. The golden rule: beware of “easy” money, Russian Senator Olga Epifanova told Gazeta.Ru .
“The main objective of passive income is to provide a stable profit without the participation of the income recipient. However, like any other investment strategy, passive income carries certain risks that should not be forgotten. Passive income in the full sense of the word is an investment account, a portfolio of bonds and dividend stocks. If something goes wrong with the investments, there is a risk of losing everything invested,” the senator noted.
According to her, such investments should be approached carefully and one should diversify one’s portfolio to minimize losses. Secondly, many passive income schemes are based on attracting new participants according to the “financial pyramid” principle. As soon as the influx of new “investors” dries up, the entire system collapses, Epifanova warned. Therefore, she advised to carefully study any project before investing in it. According to the expert, promises of a “guaranteed super-high interest rate” are a reason to be wary.
According to the senator, if there is no desire and ability to work with the stock market, a bank deposit may be a good option. According to her, this is the simplest option today, but not the most profitable: interest on deposits does not always outpace inflation. The most reasonable thing is to distribute the money in several banks at 1.4 million rubles (the limit of insurance payment in case of revocation of the license of a credit institution), the expert recommended.
Epifanova urged not to forget that much depends on external factors beyond your control: changes in legislation, economic crises, force majeure circumstances – all this can affect the stability of passive income.
Economist and communications director at BitRiver Andrey Loboda admitted that the share of Russians with savings will remain at 53.5-55% in the second half of 2024.