[Autom. eng. transl.] The article illustrates some examples of investments that are unsuitable for small investors who, on the contrary, have been sold indistinctly to bank customers. These are cases, unfortunately very widespread, in which investors are offered an investment in a specific financial instrument without giving them the tools necessary to be able to evaluate it and be able to make an informed decision. The author identifies three particular problems that can disorient savers when choosing the investment: the misalignment between the level of risk and the level of expected return of the financial instrument, its low liquidity and the possible presence of difficult clauses comprehension. In all these cases, these are elements that the saver is not able to grasp and therefore must be guided by the operator towards an informed choice. The article cites some examples referring to the investment in subordinated bank bonds (jumped to the honor of the recent financial news and not in the autumn of 2015) following the difficulties and the risks of default manifested by some banks that had issued them. However, the risks on which the author invites attention are characteristic of any type of financial instrument and any type of issuer; it is therefore necessary for savers to understand the importance of acquiring a certain level (albeit basic) of financial education so as to be able to identify independently which are the key information that must be deepened, perhaps with the help of a consultant, before to invest their savings in a financial instrument.
|Translated title of the contribution||[Autom. eng. transl.] The financial investment, its objectives and the appropriate tools|
|Title of host publication||Young Factor Terza Edizione|
|Number of pages||12|
|Publication status||Published - 2016|
- fondi comuni di investimento