Business · Markets · 1 day ago

Investment adviser warns against putting savings into one asset

Investment adviser warns against putting savings into one asset

Investment adviser Mert Başaran has warned people in Turkey against putting large amounts of money into one investment.

His comments came after sharp falls in gold, silver and stocks, which have left some investors with significant losses.

He described people who lost value after investing heavily in gold or buying silver at a high price.

Başaran said people should spread investments across different assets and stocks rather than rely on one holding.

He also said some people are trying to sell property or cars to raise cash for expenses such as health care, education and loan payments.

That could make it harder to sell homes in the short term, he said.

The advice is to diversify investments, but no specific next steps or timeline for markets were given.

Sources

Related news