Drugs, oil, palladium: what is earned and lost investors in 2019

Last year was extremely successful for ruble-denominated investments.

the ruble and Russian stock indexes increased markedly, and the reduction of the key rate of the Central Bank by 1.5 percentage points (PP) to 6.25% resulted in rapid growth of prices and liquid bonds.

as a result the most liquid stocks brought investors up to 80% of net income, government bonds – to 25%, precious metals – up to 30%. Turned out to be unprofitable investments in illiquid stocks, as well as the purchase currency.

Inflation meanwhile, according to Rosstat, fell to 3%, significantly below the target level of the Central Bank.

Strong currency

the Ruble has strengthened significantly to all hard currencies. The dollar against the ruble fell by almost 11%, Euro – by 12.7%, British pound – 7.9%, the Japanese yen 9.7%.

Best rates per annum of deposits at large banks in the insured amount at the beginning of 2019 was 8% in rubles, of 3.75% in dollars, 1% in euros. So began the most profitable rouble deposits, and dollar – ruble equivalent yielded 7.5% loss, the Euro USD 11.8% (excluding conversion costs).

Despite the growth rates of deposits at the beginning of last year, in June they began to decline rapidly after interest rates of the Central Bank, the ECB, the U.S. Federal reserve. The yield of the most profitable rouble deposits for a period of 1 year at large banks for the year dropped from 8-8,25% to 6-6. 5%, the dollar fell to 1-1. 4%, and EUR deposits – up to 0.1%.

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