'Don't run from pain': Freedom founder on investing in times of uncertainty

In times of heightened uncertainty, such as now, investors who prefer to take refuge in "safe" strategies may be at greater risk, said Timur Turlov, founder of Freedom Holding, during a session at the Freedom Inside forum hosted by Oninvest head Elena Tofanyuk.

"It is very painful for people to lose money. I urge: don't run away from this pain," Turlov said. - You will have to live in this uncertainty. Our whole life is one continuous uncertainty. Don't run from it, run to it. In my opinion, this is a lesson that is very important to learn.

Low market returns are not always associated with low risk, he emphasized. There are periods when sitting in a defensive position means losing. For example, in the period of structural changes and high inflation, when money depreciates, those who are ready to "buy risk" win, Turlov continued.

"Right now you should be investing in technology, in assets, in people, not hoarding money. You should have a safety cushion, but monetary wealth is better to have in something more tangible. Invest in your business, in real estate, in a commodity. Invest in what you believe in, and remember that a risk avoidance strategy may not be the most profitable," he said.

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