Template-type: ReDIF-Article 1.0 Author-Name: Abramov Alexander Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration Author-Name: Kosyrev Andrey Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration Author-Name: Radygin Alexander Author-Workplace-Name: Gaidar Institute for Economic Policy; Russian Presidential Academy of National Economy and Public Administration Author-Name: Chernova Maria Author-Workplace-Name: Russian Presidential Academy of National Economy and Public Administration Title: Behavior of Private Investors in the Stock Markets of Russia and the US Title: Поведение частных инвесторов на фондовых рынках России и США Abstract: Over the past two years, millions of new private investors have entered the stock markets in Russia and the USA, but their number in the Russian Federation is significantly overestimated. In both markets, private investors face the risks of getting involved in speculative transactions. The Russian market demonstrates unfavorable economic and legal conditions for long-term savings in risky assets, which results in the prevalence of deposits and cash in the financial assets owned by households. Keywords: stock market, stock markets of Russia and the USA, private investors Classification-JEL: G11, G14, G15, G17, G41 Journal: Russian Economic Developments Year: 2021 Issue: 12 Month: December Pages: 54-59 File-URL: http://www.iep.ru/files/RePEc/gai/recdev/r21134.pdf File-Format: Application/pdf Handle: RePEc:gai:recdev:r21134