Почему я больше не покупаю акции в России: честный разбор рисков 2026 + личная стратегия

📱 Subscribe to my Telegram channel "Manka Bonds": https://t.me/+I5QonaWoy-UyZTQy There, I analyze trades daily, share strategies, and give an honest account of how financial markets work, without glitz or illusions. Only practice and real-world experience. Many investors still view the Russian stock market through the old logic: "If you buy strong companies for the long term, the market will grow anyway, and dividends will offset any crisis." This idea was considered almost axiomatic for decades. But the problem is that in recent years, the very structure of the Russian stock market has begun to change much more dramatically than most are willing to admit. Today, the main risk for investors is no longer just volatility, sanctions, or the next economic cycle. A much more important question is how capable a minority investor in Russia is of managing their risks, predicting the rules of the game, and relying on the market model to which many have become accustomed. This is where the line runs that a huge number of people still underestimate. Because stocks in Russia today are no longer simply a story about "cheap companies" and "high dividends." They are simultaneously a story about the state, the budget, interest rates, capital restrictions, weak minority rights, business dependence on politics, and the extremely high uncertainty of future cash flows. The most dangerous mistake now is automatically transferring to the Russian market the principles that have worked for decades in American or global stocks. Many continue to believe that "stocks always grow in the long run." But the market doesn't grow in a vacuum. And if the environment itself becomes less predictable, investors are faced with not just a temporary drawdown, but a completely different set of risks. This video explains why I gradually abandoned buying Russian stocks, although I used to hold large companies comfortably and considered this approach completely normal. Why even good businesses today don't always mean good investments. And most importantly, why, in the current environment, bonds have become for me not a "boring alternative," but a much more understandable and predictable instrument. You will learn: • why the main problem of the Russian market is not individual companies, but the weak position of minority investors; • why dividends in Russia cannot be perceived as a stable and predetermined cash flow; • how high interest rates and a weak economy are changing the very logic of stock valuation; • why stocks are always an expectation of the future, while bonds are increasingly becoming a calculation tool; • how the Russian market fundamentally differs from those countries where the "buy and hold" strategy has truly worked for decades; • why even strong companies like Sber can be more of an exception than a basis for a new strategy; • is a possible ceasefire really capable of dramatically accelerating the market, and why building a portfolio solely on hope can be extremely dangerous; • what strategy I am currently using instead of actively buying stocks; • and why sometimes the best way to preserve capital is not to try to participate in everything at once, but to maintain concentration where risk and return are still calculable. This is a story about how the very meaning of investing in Russia is changing, why the old market logic may no longer work automatically, and how, in the coming years, investors will have to relearn how to distinguish real opportunities from exciting but overly dangerous expectations! Timestamps: 00:00 Why I no longer buy Russian stocks: an honest analysis of the risks in 2026 + a personal strategy 00:45 Why I no longer buy Russian stocks 03:39 Dividends in Russia cannot be accurately and reliably calculated 06:09 The economy is hitting stocks harder than it seems 08:55 A stock is an expectation, a bond is a calculation 13:06 I used to hold foreign stocks comfortably, but I can't do that in Russia 15:14 Sber may be an exception, but it's not a new strategy 17:52 You can't build a portfolio based solely on hope 20:45 My personal strategy 🎙 Speaker: Alexander Rybin is a professional financier with 25 years of experience. He has lived through crises, market declines, and market growth, and now shares a specific strategy for selecting bonds for beginners, ensuring real returns and manageable risks.