Finance professor scolds queasy investors for taking excessive risk
There has been enormous pressure on private investors to take on more risk, says Finace Professor Carsten Tanggaard, adding that the timing couldn't be worse now that equity markets are on their knees. "Now we get see what risk actually is," he says.
BY FREDERIK JENSEN & MORTEN PLESNER
In the last months, banks have advised clients facing negative interest rates on their large capital accumulations to place their money in other assets, for instance, in equity markets.
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