Finam Marathon: First Steps in Investing

Many people postpone investing, thinking it is complicated and meant for people with millions. The Finam marathon First Steps in Investing tries to lower that barrier by explaining the basics in plain language. 📈

The Telegram bot is for signing up to the marathon and receiving materials. According to the organizers, participation is free.

Who leads it

By the project's statement, a senior investment consultant at Finam explains the basics. He helps you understand where and how much to invest without hurting your budget.

Finam is an investment company, so the marathon is both education and an introduction to its services. Treat it as a free course from a broker: useful, with some promotion included. 🧐

What participants are promised

• Understand the basics. What investing is, how it differs from saving and which instruments exist.
• Build a starting sum. The organizers talk about real money you can begin with safely for your budget.
• Get support. A consultant helps you pick a direction.

How the marathon is structured, how many tasks it has and on which days, see in the bot after launch: the schedule may change.

Where investing starts

1. Build a safety cushion covering several months of expenses.
2. Pay off expensive loans and debts.
3. Define a goal and a horizon: what for and for how many years.
4. Start with a small sum you will not need soon.

These steps matter more than choosing a particular stock. Without a cushion, any dip forces you to sell at a bad moment.

The risks to know

Investing does not guarantee income: asset prices rise and fall, and invested money can be partly or fully lost. Promises of guaranteed returns are a reason to be wary. ⚠️

Do not invest borrowed money or funds you need to live on. Diversification, spreading money across different instruments, lowers risk but does not remove it.

Getting the most from a free course

Write down terms you did not understand and look them up right away. Ask the consultant questions while you have the chance. 💬

Do not rush to open an account and buy after the first session. Wait until the marathon ends, compare terms, count fees, and only then decide.

Who it suits

People who have heard the words stocks and bonds but never dared to start. And those who want to build a habit of saving regularly.

If you have plenty of experience, the marathon may feel too basic. Beginners get the big picture and learn to ask the right questions. 🎯