The expert advised alarmists to withdraw dollars from their accounts and put them under the mattress

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The collective West threatens Russia with the most terrible sanctions in the event of a war with Ukraine. And although our country is already tired of repeating that it is not going to attack anyone, foreign investors are still fleeing the market, shares of Russian companies are losing value, and the ruble has collapsed against the American and European currencies. What should ordinary citizens do in such a situation, how to save their own, albeit small, savings? MK asked financial analyst Sergei DROZDOV to tell about this.

– The war has not yet begun, and new sanctions have not yet been introduced, but the Russian securities market has already collapsed. What should novice investors do in this situation: get rid of the shares of domestic companies or show restraint and not make sudden movements?

– There is definitely no need to panic now, and even more so to sell shares for next to nothing. We need to wait until the summer, when the dividends will be paid, by which time the panic in the financial market caused by geopolitical problems will most likely have passed.

– Then, perhaps, on the contrary, taking advantage of the situation that the shares have fallen in price, you need to buy yourself securities for a rainy day? Indeed, in Hollywood films about business sharks, financial speculators do just that: they buy low, sell high …

– You can buy it, you just need to know what it is. You need to choose stocks of those companies whose dividend income is 10-15%.

– Here’s your advice: don’t panic. And some financial analysts, on the contrary, scare us with terrible forecasts, supposedly, in the event of a war with Ukraine, American banks may freeze Russian deposits in dollars, and then it will be impossible to withdraw currency in Russia. It’s true?

– I doubt it will come to that. But if someone is overcome by such fears, you can withdraw foreign currency savings from the account and put them in a bank cell or under a mattress.

– Or maybe convert everything into rubles?

– I do not advise. For people who are engaged in exchange or currency speculation, now is the finest hour. With such a high volatility of the securities and currency markets, it is better for everyone else not to make any sudden movements with their finances, but to stick to the previous course.

– But now you can sell dollars or euros at a very good price.

– And then what? Who can guarantee that this is the limit of the fall of the ruble? Moreover, now it is not worth buying currency, this should be done when the dollar costs no more than 73 rubles.

– Some financial analysts advise converting savings into gold.

– This advice is suitable for long-term investments, and the investments must be significant – we are not talking about a million rubles.

– And what to buy – jewelry or gold bars?

– There are so-called investment coins – you need to buy them. But keep in mind that the investor will be able to receive a profit from investing in gold only in five to ten years.

– I’m afraid that for most of our readers, who live from paycheck to paycheck, such advice will not be useful. But many in the family have some kind of savings – they saved up for a vacation, a new car or repairs in an apartment, how to save them from inflation?

– The easiest way is to put in a bank deposit account. Maybe bank interest will not fully cover the costs of inflation, but still it is better than nothing at all.

– And what is your forecast for the ruble? Will it continue to fall or has it already reached its bottom?

– Unfortunately, the negative international situation is now very much affecting the domestic currency. However, I think that the Central Bank will not let the ruble slide into the abyss.

– Where such confidence?

– Because when the dollar soared to 80 rubles a few days ago, the Central Bank announced that it was stopping buying foreign currency on the open market. This is a signal that the regulator does not want the ruble to fall below 80 per dollar. Hence my forecast: in the long term, if there are no military actions, and I am an optimist in this respect, the dollar will continue to fluctuate within 70-80 rubles. Therefore, if you want to make money on it, you should buy currency when it costs less than 73 rubles, and sell it when it costs 80 or more.

– Let’s return to the apocalyptic situation that we are now experiencing. The other day there were reports that Ukraine is on the verge of a technical default. Are we next?

– Their level of corruption is over the top, that’s why talk about default comes up from time to time, but the war has nothing to do with it. You need to steal less, then you won’t have to be afraid of a default.

– And can we still be disconnected from SWIFT if the escalation of the conflict with the West grows and goes into a military stage?

– What is SWIFT? This is a fast payment system. If they turn it off, how will we be paid for oil and gas? Russia is not Iran, it is impossible to exclude our country from the world economy, so such measures in the form of sanctions, it seems to me, are unlikely.

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