EKIP– Expert Club for Economics and Politics A Different Opinion
00:22 - Introduction to the topics in the episode and our special guest Stoine Vassilev, financial consultant and founder of the personal finance web portal SmartMoney.bg
03:00 – News from Bulgaria
09:30 – What kind of investment project is the "Historical Park"? Is it a financial fraud or just an example of colossal incompetence?
26:35 – Macro and Markets
35:30 – Fintech news
43:01 – Interview with Stoine Vassilev
43:10 – Introduce yourself and explain to the listeners what you do and how you decided to do it?
45:30 – What are the products and services that you currently use to help your clients improve their financial literacy?
47:20 – How long have you been actively involved in personal finance and investing?
48:22 - What are your observations on the financial literacy of Bulgarians, where is it currently (let's say from 1 to 10)? How has financial literacy changed during the period you have been in the industry?
53:38 – What are the main psychological mistakes we make when investing?
56:35 - What are the most common problems of the people you work with? (lack of financial discipline, distrust of financial markets, budgeting problems...)?
59:52 - What is the easiest way for a person to start saving? Many people have difficulty tracking and recording income and expenses in their daily lives. Is there an easier way for a person to manage their personal finances and still manage to save enough?
61:13 - Do you often meet people with a strong confirmation bias, i.e. people who come to you not so much to hear what you think, but rather to receive confirmation for the decisions they have made in the area of personal finance and investments? What do you do with this type of client?
63:39 - Do you use a specific app to manage your personal finances (recording expenses, budgeting)? If not, how do you handle these activities?
66:04 – What is your personal investment approach? How do you invest your savings?
70:50 - How would you advise the average Bulgarian to invest their money? What is the most effective way to invest (if there is one) in general terms, in order to ensure the best possible level of savings in old age?
73:47 – Do you invest in bonds and government securities? What is your name for this type of investment?
76:43 – What do you think about P2P lending and this type of investment?
79:52 - Finally, where can our listeners find you? Where can they buy your book?
80:30 – Final words
Links:
Bulgarian news:
Varengold Bank invests 1.5 million leva in Bulgarian lending platform Klear
ProCredit Bank with the best conditions for bank transfers
Properties in Sofia will increase in price by between 3.5 and 5% in 2019.
Inns and pyramids or what is behind the Historical Park near Varna
Ivelin Mihaylov: We stop offering shares after the opening
Macro and Markets:
Beyond Meat Surges 87% in Two Days
ECB Officials Say Bank Ready to Act Amid ‘Alarming’ Market Signs
BlackRock, Vanguard and SSGA tighten hold on US boards
FinTech/Alternative investment:
Facebook unveils global digital coin called Libra
What does Neil Woodford’s fund suspension mean for investors?
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Why do you continue to comment on this project - Historical Park, given that as far as I know they have already raised the necessary capital, built it and opened it to visitors? I did not understand what the idea of your interview and your comments was.
Have you gone to see how far the construction of the IP has come? I advise you to personally visit this circus to see what a parody and kitsch this place is. I don't know who even allows them to receive visitors to an active construction site that doesn't even have a building permit yet. If something like this happened somewhere else in the world, there would certainly be hefty fines for the owners and even prison. The investment in the park itself does not exceed 5-6 million leva, and where the rest of the investors' money has disappeared, ask Mr. Savov and Mr. Mihaylov.
The most stupidly spent 30 leva in my life I left in the "Historical Pyramid". There were two finished buildings with a lake in the middle and a lot of dust and noise from construction activities. I got the impression that the girl who was showing us around was pretty bad at history and was constantly trying to point out how unique their project was and how insignificant the surrounding historical landmarks were. Apparently this is the policy of the park bosses, but this rather repels people. Personally, I and my relatives will never set foot there again. I prefer real historical places instead of such dumps. It is also important how much they ask for the entrance fee, and in the IP they are greedy and thirsty for quick money. The entrance to Pliska, Preslav and Madara is only three leva, and in Neofit Rilski it is 30 leva. Judge for yourself what is worth seeing!