Economist Golubev advised to save up various assets for a comfortable old age
Photo: Maxim Blinov / RIA Novosti
An effective way to save for a comfortable old age is to create capital in the form of various assets. Artem Golubev, Associate Professor of the Department of Economics of the North-West Institute of the Russian Presidential Academy of National Economy and Public Administration, RANEPA, Ph.D.
The expert explained that savings in the form of securities and other financial market instruments by the time of retirement will be able to generate passive income. They can also be sold at a bargain price.
For self-management of your capital, you can open a brokerage account or an individual investment account, while it is better to start investing with small amounts. It will take two to three decades to create a weighty portfolio, Golubev summed up.
