Analysts from the FinExpertiza audit and consulting network have evaluated the profitability of major investment instruments, reporting the potential profits and losses on each of them, the company said in a news release.
Investor interest in bitcoin revived last year, making the crypto one of the most profitable and popular assets. Investments in cryptocurrency almost doubled – the biggest revival since the digital currencies boom in 2017 and collapse of that market in 2018.
Palladium took second place in terms of profitability: the metal brought investors over 20% in real ruble income. Equity funds saw a similar yield – about 20% due to the rapid stock market growth.
At the same time, people’s investments in cash rubles have made losses: Russians have lost RUB 9K ($145) out of every RUB 300K ($4,850) of their personal capital due to inflation. At the same time, ruble-denominated deposits have even shown some profit: about RUB 12K ($190) in interest on RUB 300K deposited, even though banks cut their rates in 2019.
Interestingly, the real yield on dollar deposits was close to zero, or a mere RUB 930 ($15) on RUB 300K. The rates on dollar deposits are sometimes less than 1%.