Alexey Yanichev, a private investor, shared his experience in investing and managing a restaurant business.
Next, we share the opinion of an expert from the first person.
My name is Alex, I am 35 years old. I am a private investor, businessman, restaurant owner in the center of Moscow, a lover of life. I have worked in the service industry all my life. This includes serving people and organizing shows and events. Everything related to attracting people to the hobby and spending money.
If we talk about the beginning of my passion for investment, everything is banal here. When I was 16 or 17, someone brought, or I bought, Kiyosaki’s CASHFLOW Quadrant, which was in vogue at the time. I read it and realized that I live extremely badly. It’s written in the book that you do not need to do anything – save money and it grows. I remember that I was very impressed. Then I read some more books.
And then my grandmother died and she left me an apartment in the center of a suburban city. I sold the apartment, it was in 2006 or 2007. Then he moved to Moscow. I am by nature a financial person who knows how to count and raise money. I think this is not learned – whether it exists or not. I invested the money from the sale of the apartment to the fund Dobrynya Nikitich. For the first six months, the market did not pay much attention. Then he worked as an employee for a long time.
The following technique has never disappointed me: if I crumble in my place, if everything falls down, then I turn off, stop looking at quotes. After the crisis of 2008, I remained in the Dobrynya Nikitich fund until it recovered. This happened in 2009 or 2010. I closed the position with a loss of about 10-20%
In 2011 or 2012 I came to the BCS office. At that time, I already had 3-4 million rubles. There I was told about the “personal broker” service and I connected it. I still remember how a girl called me and told me that there was an idea to buy shares in the company Raspadskaya. I bought these shares for 3 million.
At that time I was still working as an employee, in an entertainment center. After a while, the girl called me again and said that the shares had increased by 4%, that is, I had earned 100 thousand rubles. I felt rich, I remember very well this moment. Then Raspadskaya fell down for a long time and no one called me anymore. I was just quietly angry. I was replaced by a personal broker and then for another two years we earned something.
Then I decided to transfer some of the money to KIT Finance, I do not remember what year it was. At that time I decided short “Sberbank”. They beat him terribly, they took me out just as terribly. I remember how my personal broker and I closed the short at Sberbank and it started to fall fast.
Having invested 5-6 years in personal brokers, in 2016 or 2017 I went shopping. Everyone who competed with me told me it was impossible. But by that time I had already begun to understand my strengths and weaknesses. Understand what the market gives and what it takes away. I know myself better than anyone else. Therefore, it is easier for me to choose a strategy on my own. There are people who hold 30 cards and enjoy the fact that every penny is counted. And I liked investing in one or two companies.
Before Biden’s election victory, I traded in the Russian market. I had shares Sberbank and MMK, I made good money from them. But after Trump’s defeat, I decided our market was over and turned to foreign titles. I bought Apple (AAPL) and Tesla (TSLA) via the SPB exchange. Then I sold Apple and owned only Tesla shares. I even had a Tesla in my phone screen saver and I felt like I was involved in something great. Now I have the same wonderful story – I have been holding shares since last year Virgin Galactic (SPCE).
But for me stock exchange is a single story. Business is the interaction with people. There is often despair of loneliness in the market, so I try to pick up kids at the restaurant. Five years ago, I thought there should be a cafe where people can come and share the situation, say something. Emotional support is very important.
Gold vs. Cryptocurrencies – What to Bet on in a Crisis
It seems that bitcoin and other cryptocurrencies have not finally become digital gold.
In 2022, Bitcoin prices fell by more than 15%. Other top cryptocurrencies such as ethereum, solana and Elon Musk’s favorite dogecoin also lost value. Meanwhile, gold rose more than 4% and returned to $ 1,900 an ounce, again approaching the all-time high of over $ 2,000.
Experienced investors understand that at a time when the US Federal Reserve is aggressively raising interest rates, gold and other precious metals such as silver and palladium are better offsetting inflation.
“It is now clear that bitcoin is being traded alongside risky assets and is not a safe haven at all,” Swissquote analyst Ipek Ozkardeskaya said in a report earlier this month. “Bitcoin has never been digital gold, it looks more like an encryption proxy for the Nasdaq.”