Have to go across the collection phase / day

Investment culture is made up of financial literacy of the population, cooperation with public authorities, a change of images of public authorities, and our growth and welfare growth, believes Swedbank Angelika Dobrovolskaya, Head of Investment Management Company. The general public’s improvement is very important for the people of Latvia to invest more, and this is a long process. As well -being increases, the number of investors increases, as citizens can cover their basic needs and money is left over. At first, people simply collect this money and then after a while they start thinking about what to do with these tools. This is already a real interest, even if the amount of money is very small. You cannot come over with investments for those who need to cover basic needs.

When people have interest, financial literacy is important. Therefore, A. Dobrovolska emphasizes that it is important to have access to information and tools to invest, as well as a competitive offer with low commissions, etc. tml. There is a lot of information nowadays and some of it is fraudulent, so critical thinking is also important. Before entrusting your money to someone else, you should at least check the Bank of Latvia’s website whether the service offering is a licensed company. If not, there is no need to connect with one, warns financial experts.

Simplicity is important

Economist of the Bank of Latvia Annie