brokerage accounts. People come to the stock market. But many do pause, en dash, hyphen – length matters! not understand it at all. You introduced tests for such investors on October 1. But then a bunch of cheat sheets appeared on YouTube. And grateful comments from unqualified investors who passed this test and got the opportunity to invest in more complex financial instruments. It turns out that this test did not teach people anything…
Think about it for a second The person
deceive the broker, nor the state, he deceived himself by buying an instrument whose risks he does not understand. How correct is this? If you do not understand how a futures or a closed-end mutual fund works, how you can exit it, at what point, with what losses — you are essentially dooming yourself to possible serious losses. Or if you bought a bond with a low credit rating — what does that mean? It means that you will most likely not be able to sell it early.
The quotes for it exist from the last trades
ut no one will buy it at these quotes now, you will be forced to sell it at a very serious discount or hold it until maturity. Since there is no rating or it is low, where is the guarantee that the company will not go bankrupt? But for such bonds, studying the financial statements of the issuer and its business profile is a prerequisite what challenges do new team managers face? for success. A person should perceive the test as a hint and an offer to think. If you don’t fully understand the risks, spend some time reading specialized literature or gaining experience with simpler instruments, and then invest in these. Otherwise, there ao lists will be no one to blame for the losses – formally the test has been passed and the person has confirmed that he understands and accepts all the risks.