How to endure financial crisis? Part 1
Financial crisis is or it is very bad (for the majority) or it is very good (for that the few who managed to be prepared, quickly to be reoriented and adapt and, the most important, for those, who have a necessary margin of safety).
The jumping exchange rate (at the same time there is not always an opportunity to buy currency at an official rate, it is not in some exchangers allegedly) and stock prices will not give the chance to relax, to favourably place the capital and to wait for it a gain. Even it would seem stable deposits in banks stopped being reliable placement of the capital. And this with the fact that deposits in large banks (and they are considered as the most reliable) never made profit - at best saved your terribly earned from inflation.
Now even large banks do not hesitate to ask about the help, some are exposed to nationalization procedure (and it in classically bourgeois countries!) and about that rates on their deposits exceeded inflation, it is only possible to dream. On the other hand, rather small banks, trying to keep afloat, offer the increased percent on deposits. Here only often it looks as demonstration not of force (here, say, for us and such percent on a shoulder, it is a pity for nothing for favourite clients), and weaknesses (the foreign capital left, it is advisable to attract domestic, than such to entice it, whether the raised rates on deposits?) .
Most of financial analysts give similar advice which can be reduced to 5 points:
1. Not to fuss.
Any more not time to lose the head and to do the sharp movements. On the contrary, right now everything should be done judiciously and prudently. To panic and change currency (rubles for dollars, dollars - for euros growing in relation to it, and the European currency - back in native, having hardly caught optimistical morning exchange forecasts) - a right way to lose money.
In - the first, the margin (a difference between the buying price and sales) will not be cancelled by no crisis. And in case of impossibility to buy currency at an official rate (we already passed it a few years ago, isn`t it?) and everything - it is urgent to buy by its need (for example, for trade operations) - the margin increases in direct ratio to your need in it and lack of free cash currency in the market.
In - the second, rate fluctuation of currencies not each person can count. And if there is no need to change currency soon - better it not to do.
2. To keep eggs in baskets. In different.
Many Russian and Ukrainian economists came to similar conclusions: (percent about 50) it is better to keep the most part of savings in national currency - if your business does not demand continuous inflow of foreign money; it is better to divide the rest equally between dollars and euro (on 25%).
and) if you plan in the near future some expensive purchase (for example, real estate or a ground) and know well that it is necessary to buy it in a certain currency - adhere to it and try to store at least a half of the collected sum in it;
b) if your business is focused on currency and cannot live without it - leave the money necessary for 3 - 6 months of work in this currency not to depend on short-term rate fluctuation of currency.
of Investment into time of crisis or right after it - the most favorable, if the nobility (or to guess), what to put in. But only long-term, the prodolzhitelnostyena is less than 3 - 5 years old. Any economist will not teach to guess you. And to explain that during crisis are favorable first of all “ long investments “ calculated for 3 - 5 years, begin already with the second year of institute.
If you are not frightened by an opportunity the first year - another to be left without profit (even, maybe, to go to minus) and there is a tendency to reasonable risk - that a contribution to the branches sustaining losses and reducing rate of development at this stage, for example, in construction, will be actual already in half a year - year. The main thing not to be mistaken with the company which will be able to endure crisis with the smallest losses and “ to spread wings “ after an exit from it.
Stocks of concerns and large companies fuel - power branch and construction (especially the companies specializing in construction of office real estate) within the next several years will be able to go up in price (especially against their not best state today). But it is necessary to have resources and patience not to count on profit on them soon. And not to hurry to sell them - then precisely sustain losses.
Good luck to you. Seven feet near Kiel (a stock of financial durability), a fair wind (successful financial operations) and ability to maneuver - that with the smallest losses (or even with profit!) to recover from financial crisis.
The rest - in the following article.