The yuan has become an adequate option to diversify and protect savings. About this “Lente.ru” declaration Vitaly Isakov, Investment Director of Otkritie Management Company.
“The plans to increase trade between the Russian Federation and China are unlikely to have a significant impact on the yuan exchange rate and should certainly not be a reason to invest in this currency. A plausible reason is to diversify investments, to protect savings from depreciation of the ruble against world currencies,” he said.
According to him, the share of the yuan in the portfolio can vary between 10% and 30%, depending on the financial situation of the investor. At the same time, such investments cannot be considered as a way to get big income. To do this, it is best to turn to the stock market.
He added that for those who currently hold dollars in their portfolios, it is best to consider investing without infrastructure risk. For example, substitute bonds on the Moscow Stock Exchange may be appropriate.
At the end of November, Valery Minchichova, Deputy Director of the Financial Literacy Institute of the Financial University under the Government of Russia statedTo save for a comfortable old age, it is worth trying a game approach, allocating small amounts. According to him, you can save gradually, that is, by putting 10 rubles in the piggy bank on the first day and 20 rubles on the second day, you can increase the amount to 150 rubles.
Source: Gazeta
Ben Stock is a business analyst and writer for “Social Bites”. He offers insightful articles on the latest business news and developments, providing readers with a comprehensive understanding of the business world.