Raghuram Rajan addresses fake videos in his name on investments: ‘Please disregard…’ | Trending

Raghuram Rajan, former Governor of the Reserve Bank of India (RBI), took to LinkedIn to address investment claims making the rounds on social media in his name. Rajan said that he “never touted individual stocks” and urged people to report perpetrators to authorities. Raghuram Rajan served as the 23rd Governor of the Reserve Bank of India between September 2013 and September 2016.(Reuters photo) “I understand there are videos of me on various social media purporting to give advice on investing, especially in individual stocks. These are fake, and the perpetrators should be reported to the relevant authorities. I do not give investment advice to the public, and have never touted individual stocks,” wrote Rajan on LinkedIn. Now catch your favourite game on Crickit. Anytime Anywhere. Find out how He added, “Each individual has their own financial needs and risk appetite.” “Furthermore, investors are typically better off holding diversified portfolios of bank deposits, bonds, and stocks (through mutual funds and ETFs) rather than buying individual stocks or stock options. You may be extremely lucky and strike it rich, but more likely, you will be a lot poorer following the latter strategy,” he further said. Rajan concluded, “Please disregard all videos where I tout specific investments.” Here’s what Raghuram Rajan said on LinkedIn: News / Trending / Raghuram Rajan addresses fake videos in his name on investments: ‘Please disregard…’