YEREVAN, October 28 /ARKA/. There are three main myths that prevent Armenians from investing in the stock market, according to Arman Khachatryan, Head of Private Investments at Freedom Broker Armenia.
“The first is that investing is for the rich. The second is the stereotype of ‘I don’t understand it, I’m afraid,’ which stems from financial illiteracy. The third is that ‘investing is like gambling.’ This is most common in Armenia,” he said in an interview with ARKA news agency.
According to the expert, the misconception that investing is only available to wealthy individuals is untrue. He noted that Freedom Broker Armenia’s policy is to work with all clients, regardless of capital size.
“Of course, investing is not for the rich. Freedom Broker Armenia doesn’t aim to work only with the rich; we work with all clients,” Khachatryan emphasized.
He also dismissed the comparison of the stock market with casinos and gambling, calling it a common stereotype. He believes fear of investing and the attitude “I don’t understand it, I’m afraid” lead to “paralysis of indecision” and prevent people from taking the first step.
To dispel these myths, the company focuses on improving financial literacy and provides educational resources through the Freedom Broker Armenia Academy.-0-
