Comparative analysis of the efficiency of investments in key investment (financial) instruments of the Russian Federation in a long-term perspective (1999-2018)

The article explores one of the most pressing issues of the modern Russian economy from the point of view of investors, namely, what is the gradation of the main financial instruments in terms of their liquidity, reliability and profitability. The above mentioned problem is very controversial today because there is no one dominant point of view in this regard in modern economics. Many analytical conclusions that exist today are for the most part of corporate nature. For example, bankers in their interviews bank instruments (deposits, etc.), a head of a company operating in the stock market advertises securities, etc. The aim of the study is to take into account all the pros and cons of various investment instruments to build their gradation in terms of liquidity, reliability, and profitability. In this case, the main methods in the study of the above problems are the elements of fundamental analysis, which allow to identify the subtleties and features of working with the most interesting and promising investment tools. As a result of the study, a gradation (hierarchy) of the main investment instruments, taking into account their liquidity, reliability, and especially profitability has been designed. It has been concluded that the modern interpretation of the attractiveness of investment instruments is largely not objective and often carries corporate interests of various financial institutions (banks, investment companies, etc.). Ordinary analysis shows the significance of the degree, the picture that is not consistent with many modern paradigms. The author proposes his own structure and hierarchy of investment tools designed by him, taking into account the specifics of modern Russian socio-economic and political realities.

investment (financial) instruments, securities market, foreign exchange market, precious metals market, banking market, profitability, reliability, liquidity