تجریشی

The chairman of the board of directors of the stock market said that the probability of high profitability in the capital market in the long run is still higher than the parallel markets such as gold, currency and housing.

Tehran, Jan.05 (SENA) -According to the Securities  and Exchange News Agency (Sena), Amir Taghikhan Tajrishi explained the development path in the capital market and said: "In recent years, we have faced public interest in the capital market; Especially since 2019, the demand of entrepreneurs and their companies for listing on the stock  market has increased.

The capital market expert added: "The capital market is very specialized and professional, and our recommendation is that people bring only their surplus financial resources to this market and to achieve the expected profit, the investment horizon is at least 5 Consider the year.

He pointed out: In the ascending market, it may be considered that everyone can operate in this market, but the Iranian capital market has a very wide variety and we see the activity of various industries that offer completely different products. Therefore, the aristocracy of this market as a whole requires financial knowledge and continuous and consistent work; Especially in declining market, the difference between professionals and non-professionals is more pronounced.

This member of the board of directors of the stock market company further said about the impact of the capital market on production and employment and its results for the people: with the prosperity of the capital market, production, employment and the level of income of the people will improve.

Regarding the role of people in the development of the capital market, Taghikhan Tajrishi added: "In this regard, the question should be answered about the situation of investment in the capital market compared to other parallel markets."

Emphasizing that such a comparison can be examined in light of the available data, he said: "We have had complete data on the capital market since about 2006 and 2007, and we will reach interesting results by looking at these statistics;" Thus, in terms of statistics and the probability of approximate data over a one-year horizon, it is not possible to say which market is better for profitability, but for a five-year period, it is likely that the capital market will perform about 60% better than other markets.

According to Taghikhan Tajrishi, this trend will increase in longer periods, so that in 10-year periods, the capital market is about 80% better than other markets, and if we consider 15 years, the capital market above 95% has a better return than other competing markets.

He added: "In the short run, fluctuations in the capital market are more than other markets, and therefore in the short run, anything can happen, but if we look at this market in the long run, it has higher returns than other competing markets, in addition, it has more liquidity."

He said that the most important goal of the legislator and the capital market regulator is to increase transparency in this market, he said: "Since investors do not have full access to much information, the legislator's duty is to provide information to investors transparently and in a timely manner.

Tajrishi pointed out that the next task of the supervisory body is operational efficiency, which should always be maintained, adding: "In this way, investors should be able to buy and sell in any situation."

The capital market expert also added: the legislator should be careful to give information correctly and at the same time to everyone and not to create information corruption; All of these are things that the legislature must pay attention to in order to be properly implemented in the capital market.

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