Translated material
Anti -crisis educational program
Anti -crisis educational program. A growing flow of private investors money in financial instruments can give rise to serious financial and social crises. The government has already discovered this problem, and private companies will solve it. To save the market and yourself.
The Federal Financial Market Service announced the start of the development of a program to increase financial literacy of the population. In 2007-2009, it is planned to spend more than $ 20 million for these purposes. But so far they plan to spend this money only on sociological research and determination of the target group.
Indeed, the Russian market for retail financial services is growing like yeast, and the number of money and people interested in the stock market is at least doubled every year. Management companies, which until recently placed records of record yield on their advertising posters, thought about more serious things. They began to develop educational programs for investors and create a network of financial consultants.
The stock markets of many developing countries showed incredible growth rates: 60 - 80% per year - this is already the norm for them. The boom among the middle class, which rushed to the stock market, was provoked. In China, Saudi Arabia, for example, people laid all their property to obtain a loan, which was immediately directed to the purchase of shares.
The stock markets of developing countries have always been risky for investors, but until recently these were markets of professionals and speculators. The arrival of a mass private investor who did not evaluate all the risks and was guided by emotions, only added the volatility and instability of the stock markets of these countries. In fact, the formation of a banal stock bubble began. Private investors using speculators drove the market to incredible heights, after which deep correction was inevitable. In turn, small investors began to hastily withdraw money, which only exacerbated the situation. So, in Colombia, this ended in the destruction of the retail investment services market, and people went out into the streets and demanded that the government punish someone ...
There are only two options for solving the problem for us. Firstly, it is possible to rigidly regulate the development of both the financial system of the country and the stock market. The method is simple, but it has one unpleasant consequence: strict regulation of the financial system, as a rule, leads to dystrophy. Secondly, it is possible to increase the level of financial literacy of the population, to form a market for financial consultants, which will help create an effective system of investing private accumulations. They came to such a model in Europe in Europe. There, half of the population invests in stock markets.
Russia suddenly chose the second path. But the sad experience of developing countries has demonstrated that literally one step from rapid growth to crisis. The critical mass of private investors can be gained within one and a half to two years. True, in Russia this period, obviously, will stretch, because outside Moscow, the possibility of investing is practically absent. Only now, some management companies have begun to seriously develop regional units. In the meantime, it remains to hope that a layer of investment companies that are not affiliated with large export -oriented holdings managed to form in Russia. And since for them this is the main area of activity, they are interested in maintaining and developing a private investment market. They are ready to invest their money and strength.
Last year, only 40 billion rubles were invested in the PIFs, and the number of shareholders approached 300 thousand people. About the same amount of brokerage services and other tools were used. But already this year, these figures can be doubled. Only in the first two months of this year and only another 10 billion rubles were invested in PIFs.