Expert Advises Investors on Navigating Bear Market Conditions

16:43; 21 July 2026 year

### Market Dip Offers Opportunity for Long-Term Investors The Russian stock market, after a brief uptick, has once again dropped below 1900. Is this a temporary fluctuation or the new normal? Business Magazine continues to seek expert advice on how to craft a sound investment strategy in the current market conditions. "For investors with free capital and a time horizon of at least one year, the market decline presents an opportunity to buy quality securities at a lower price," says Alexander Kudryashov, senior lecturer at the Department of Financial and Investment Management of the Faculty of "Higher School of Management" at the Financial University under the Government of the Russian Federation. Kudryashov advises diversifying investments across various instruments rather than concentrating on a single sector or asset class. "With the current interest rate at 14.25%, it makes sense to allocate the core of your portfolio to bonds, including government bonds (OFZ) and reliable corporate issues, as well as money market funds, which provide predictable returns. There is also a deferred benefit: when the rate starts to fall, previously purchased long-term bonds will appreciate, allowing investors to profit both from the coupon and the increase in their value." He also recommends allocating a portion of the portfolio to stocks of companies with stable businesses and consistent dividends, as reinvested dividends provide the bulk of long-term returns on the Russian market. "It is advisable to purchase securities in equal portions at regular intervals, which helps smooth out the average entry price and removes dependence on short-term market fluctuations." Kudryashov emphasizes that priority should be given to companies with low debt, stable revenue, and a clear dividend policy, capable of maintaining financial stability during periods of high interest rates. The decline in the index is attributed to high interest rates, external pressure, lower oil prices, a weaker ruble, and technical dividend payouts. Over the long term, the investor with a diversified portfolio and a significant bond component, who purchases quality assets according to a predetermined strategy, will emerge as the winner.

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