Russian billionaire Leonid Fedun gave advice on where to invest a million rubles for a private investor, writes RBC. Based on the degree of risk, he named the three best options.
If there is a goal to save a million, then it is better to put money on a deposit in a bank of the highest reliability, Fedun said. If you need to make money on it, then you need to look for financial instruments. “If you want to play on the rates, because you see that the ruble will continue to weaken for some reason, then it is better to buy currency or government bonds, they are not taxed,” said the billionaire.
He also named the third way – to choose the shares of some well-known Russian issuer and buy them at the moment when they fall strongly. He gave an example with LUKOIL shares, which were falling below $ 50 against the background of the lockdown, and now rose to $ 80.
“Conditionally buy at $ 50, sell at $ 90 – and you will have a certain amount of happiness. Pay your taxes and live in peace, ”explained one of the richest people in the country. Fedun advised newcomers to decide exactly why they go to the stock market.
Earlier, the former Minister of Economy of Russia Andrei Nechaev advised to invest in the securities and stock market. He noted that recently there has been an overflow of clients from banks to the stock market.
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source https://pledgetimes.com/russian-billionaire-named-the-best-way-to-invest-a-million-rubles/
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