A financial expert told whether it is worth investing in Russian stocks today
Against the backdrop of multiple growth of the key rate, bonds, including federal loans, and deposits have become the most attractive instrument for many Russian investors. At the same time, the Russian stock market is currently experiencing a significant decline due to capital outflow.
Trader and author of a number of trading methods Elvis Marlamov told us what our stock market can expect in the foreseeable future and whether it is worth investing in Russian stocks today.
According to the expert, the growth of the key rate cannot be endless, as it puts a high credit burden on the economy. At the same time, Marlamov added that the key rate today is much higher than the inflation rate, which is a rather rare situation.
Thus, in his opinion, if conditional inflation rises to 10 percent, this does not mean that the Central Bank will raise the rate to 25.
Regarding bonds, the financier noted that they are a good instrument with a yield of about 18%. But if the rate on them is 25%, then such securities should be gotten rid of, since there is a high probability that the issuer will not cope with the debt burden.
At the same time, speaking about the stock market, Marlamov noted that it was recently at the level of the "coronavirus panic" of 2020, when investors sold shares, fearing the "end of the world". At the same time, in the current situation, the "apocalypse" is not expected. Therefore, those investors who plan a year, two or more ahead have an excellent opportunity to buy shares of Russian companies at a very favorable price.
According to the expert, today there are a number of companies that have excellent prospects in the foreseeable future. There are such in the technology, raw materials, banking and other sectors. At the same time, the financier warned that it is necessary to avoid buying shares from issuers with a high debt burden.
In general, according to Marlamov, the Russian stock market may soon enter a growth phase. Triggers for this may include stimulation of its economy by the Chinese authorities, which will affect trade with Russia, a change of power in the United States, and a probable reduction in the key rate of the Central Bank of the Russian Federation.
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