hello, this is the easy money podcast , i’m its host, mikhail khanov, today our guest is maxim orlovsky, hello maxim, hello, financial expert, market expert, stock market expert, investor, private, institutional, now the ceo of one of the largest investment at home in the russian federation, and today we will talk about what the twenty -third year was like for investments, what drew our attention, what could have been...

raised the key rate twice, of course, although the market did not react, in my opinion, properly, but still it was one of the worst investments, and these are investments protected by government obligations, that is, we buy government debt, we buy and the de facto state owes us, how much could be earned on bonds as a percentage, well, let’s say at the beginning of the twenty-third year , we believed that the rate would rise or somehow... predicted how much interest income could be earned? well in this case you only make money on short bonds, that is, then the rate was 7.5, this is the level of profitability, if your bonds , taking into account revaluation, or the bond fund in which you invested at the end of the year, you earned 8-10%, this is very good, this is very good, many funds those who invest in bonds show returns near zero or negative, and de facto now, but we will come back to this later, these returns are losing in banking terms. okay, let’s put this topic

aside a little, what else could you make money on in 2023, this is what you could basically lose on, on you earned on other things, the twenty -third year is definitely the year of stocks, so the stocks grew quite strongly, the broad index there grew by almost 40%, and if we are talking about individual names of our largest companies, then this is an almost two-fold increase. the chips are all in the black, yes, great, what else , gold, so beloved by our rumored , at least home-grown investors , asset, the end of the year is very good for gold, who knows, you and i understand perfectly well that if the price rises , which means someone is buying gold buying it first in total, on world markets, maxim, who is buying gold now, the main demand for gold comes from central banks, from some funds. and a new trend

, households in india and china are joining this game, buying coins, buying bars, this is a new trend, but in general we must understand that gold is still such a thing from the past, from those times when gold was money , when paper money was tied to gold, and this still remains, let's see how... events will develop further, probably, the current situation, including around russia, contributes to the fact that gold will come into circulation again, well, here, uh, as i can observe, gold is not, as it is called, a defensive asset, because when some cataclysms happen, the same movements during the covid period, which is called the period, yes, when stocks, you remember how they reacted and what it was like... a decline in all

indices, including the dollar exchange rate, and how gold fell then, that is, gold fell like an ordinary piece of paper along with everyone and also us we remember the situation, i was triggered by your phrase about households in india and china, you remember very well, probably 2009, when gold was at about the same peaks of 1900-1950, when just all the analytical publications wrote that this was a new stage of revival gold. and that now china is buying both real gold and india, there will be two and two and a half and three, and we remember very well that gold then fell to the level of 1,300, that is, it lost what 30% of its price, the protective asset lost 30%, and eight for many years gold was there, what is called -30, now this situation could repeat itself, or now we are only looking at the positive, no, everything is possible, everything is possible, so gold is losing its status as some kind of calculated. russia, iran, and a number of other

countries served by distrust in soft currencies may revive settlements, among others. in gold as such a unit between these, well, as a means of accumulating conservation, you would not recommend it, i do not use this thing, but in our reality, look, we now have no revaluation taxed, yes, this is also becoming a good instrument, what will happen next, let's see, with the passing of the generation that perceived gold clearly as money, and paper money or non-cash money only as derivatives of it, it will go to...

an analyst who this is how i feel about gold, this very precisely coincides with my attitude towards this asset, despite the fact that, as many say, you know how, if it comes, if everything goes bad, and the apocalypse and so on, i say, well, remember the movie mad max, the price there is usually for ammunition, weapons and gasoline, yes, you won’t run around with gold in a post-apocalyptic world and try to sell it, well, what else is bitcoin, i don’t invest in the crypto industry, so for me it’s a little...

as for bitcoin, no one accepts it, yes, its emission is limited, but what can be done with it, if tomorrow the largest economies accept it along with their currencies, this will probably greatly increase its value and prestige in what -that is, by and large. difference between bitcoin from a ruble or from a dollar in non-cash terms , that’s all, these are just some records, right, the only question is, the state says that i accept this as legal tender, your taxes, prices in my state are expressed in this unit, justice

for the sake of it, there are countries, including japan, and i ’m not talking about venezuela now, and with them, but there are large countries that accept bitcoins as payment for goods there. i think that now it is already possible to buy an apartment, and cars, it is impossible to say, as long as there is a mechanism for exchanging for regular money, it all works, as soon as you have everything , everything will be in these units, maybe, maybe, but for me this is not a completely clear thing, it will be, it will not be, there are other things that are more understandable that can be to work, for me there is no difference between a digital and non-digital asset, by and large , non-cash money is the same digital asset, we have had shares for a long time...

such a rate increase, but it withstood, and with surprise, even the federal reserve system, this is an analogue of the central bank in the united states stated that it’s really surprising that the economy turned out to be strong, it withstood the rate of 5.5%, now we are talking about the fact that there is no recession, why then is oil falling, because the usa is not the whole world, that is, what is happening with oil, and what are your , let's say, conclusions for the twenty-third year, and again i say the forecast for... the fourth year, well, with oil, it’s probably the same, there’s a lot of oil, it’s a fact, you see that a number of countries are forced to limit their production and supplies to international markets to support the price of oil, technologies that have come into the united states, canada, brazil,

allow us to get oil cheaply in places where we didn’t even think about it before, well, now about shale production and not only, and deep-sea production and... sand, if we look the united states is about to become virtually self-sufficient in its own oil. the united states, if we take almost 13 million barrels a day there. does not stand still, and if there is an opportunity to make money somewhere, it is made, there is a lot of oil, there is a lot of oil, so support prices

for oil, these are two factors, the first, the most important factor is discipline within apec+, if the cartel falls apart, the price of oil goes to where it should be, based on the current economic conditions of each company there, this is somewhere in the area 35-40 , no, i would say higher, that is, this is... the level that we saw there in general, seventeenth eighteenth, here 55-65 is in this range, of course, any drop at the beginning occurs much lower, you remember very well that oil once cost negative money after reloading, oversaturation, first of all , of storage facilities, when all the tankers were floating full and the problems of expiration of this april expiration.

or not, will the suudites keep prices down through verbal interventions, yes, some

actions, reductions, persuading everyone to cut back, how much do you think this will be possible to do in 2024? i don't sit at the back table with ministers at these meetings, but i would like to hope that common sense prevails, i understand that the european union, consumers from the east are not they... don’t really like high oil prices, they will put their political efforts into trying to somehow get away, again, the us elections in november, of course, the united states, despite the fact that they are in including being one of the biggest beneficiaries of this process, in general such high prices may not be so profitable for the country, but they will also try to put pressure on russia in this way, i hope. that the cartel will survive, i hope this is from the cartel’s side, we still have demand,

i hope that china next year will grow a little faster than expected, that demand here will recover, the european union will not sag either, although it would seem that with the rates that are now potentially increasing, about this, well, i would, let’s say, i only dreamed of being in the place of officers and financial and general managers. union that the economy will withstand, well, let's do it, i hope, i think, to summarize, i would like oil to be 80 plus, somewhere in the range of 80 - 100 dollars, you use oil in your stock exchanges speculation, in trading, then oil is included as an instrument in the zone of your attention, no, as commodities are not included, especially now a commodity is a raw material, these are instruments such as copper, nickel, gas, uh, yes, now, unfortunately.. .in

our twenty-fourth year, thank you, thank you. i'm larisa guzeeva, let's get married, good afternoon, today the bride is angelica, elena and valeria, and our groom is denis. denis, 40 years old, is sure that his marriage, the birth of a child and an unexpected divorce were initiated by his beloved mother-in-law. hopes that the hosts of the let's get married program will help him become happy. denisa, owner

of an advertising, construction and trade business, lives in yekaterinburg, loves to play volleyball, guy. dreams of learning to dance lizginka, admits that he does not use cleaning delivery services, warns that he works 12 hours a day. denise will bypass the girl who likes to brag about her income and will not pay attention to the girl in trousers. in his future wife he sees a modest long-haired housewife with an hourglass figure, who will give him his time. once again, hello, again, hello, yes, again , hello, i come to you with gifts, as always, thank you, i think it suits us, everything is as always, the bald ones are mine, before giving a gift, i i would like to say a short introductory word, if you remember, i came to the last program with my

son dmitry, and my son dmitry gave a bouquet of flowers to a rose, like now i... i remember the rose smiled at him so much, my son remembered this, after which larisa, well, asked her son to leave, it was right, then we all agree with this, in general, my son still doesn’t understand why this happened, she says, maybe larisa was offended by me or what? hello, hello, dear presenters, before answering your question, i would like to give you a gift, come on, come on, thank you, i want this for you personally, oh, thank you, dear, what a handsome man! thank you very much, your son? yes, this is my son, how old? 14, not too early for such serious programs. run, i beg you, through the corridors there. come on, let the boy have it childhood. dimochka, i’m not offended by you, my dear, there are just conversations from the lives of adults. why did you need to warm your ears by sitting here? well, what we said was that you

shouldn’t be interested until you grow up, you’ll find out, of course. thank you dear, thank you, thank you, thank you, denis, thank you very much, and so a small request, if possible, a pleasant parting word there, when my son dmitry is there, please write. now write, right here, thank you very much, dima, rossi, big, don’t be a noodle, aunt, larisa, just like that, thank you

big, you're welcome, a good young man, he flew in from yekaterinburg, we are also from... for example, as i remember now, after my first marriage things weren’t going well in business, i tried my best to find a job there and i somehow... then the wife says: listen, well , you need to get a job, go to work for your uncle, your business is not working out at all, so

let’s get settled somehow, i say: i say, well, you understand that money they will be the same, but i won’t have time. i advised her, she said that either there in like this, my mom, here ’s the police where we work, supposedly they give me apartments there, i say, okay, good , what’s wrong, no, so everything was fine with her apartments, he didn’t have money very, yes, rose is right in what she says, in order to save the family and so that there is no discord on this basis, i say, okay, dear, that’s it, okay, i went, got a job, at the same time i continued to run my business, so that there are several sources of income, and what kind of business, remind me, at that time... i had a business, i was engaged in totaxi, i had my own fleet of vehicles, i had a totaxi, i rented out taxis, and that there was not enough money, have your own fleet of vehicles, no, well, maybe at the initial stage you still had to invest.

let’s just say, from the point of view, like a good father, just such a father, he signed all the apartments over to his children, he lives in rent, you don’t know what the girls, you studied in london

, yes, you studied in london for a year, that’s right, you studied at translator, i went to study from an oil and gas company that was in the north, won a grant among all the schools, go live, study abroad, i studied a foreign language for six months, the remaining six months i studied at the academy, majoring in business fundamentals, that is, this company needed a specialist. world-class, you are good , in english, good, yes, tell me in english that i am looking for a kind beautiful woman, i am looking for a very kind girl, very beautiful girl, oh, good, then he will give flowers to girls who will appear, i don’t know, it seems to me that he has some kind of surprise for everyone, flowers too, no, he gave flowers to the presenters, he talked about the bride there’s nothing there yet, i’m not , well, now the first one will come out, we’ll understand, but

he... well, if he just has his own children and he treats it the same way, he understands that if a woman can also have children, she should too accept them, come on in, meet the first place, hello, my name is angelica, i have... a gift for you, may this guardian angel protect your whole life. thank you very much, i also have a gift, give me your hand, angelica, 34 years old, pharmacist, lives in anapa, proud of the fact that she is raising her daughter alone, dreams of his own spa, admits that he does not know how to iron shirts , warns that he does not give loans to men, after the divorce, angelica accepted her unfaithful husband

back into the family, but... she was 16, we met, everything was fine, she was wedding, i finished my studies, we moved to moscow when i became pregnant , that is, we were really expecting this child, he just started walking, didn’t meet you at the ore and that’s all, how would he be completely different, and why did you and his parents forbid him to meet you from maternity hospital, because he is the whole pregnancy it was just hard labor, you know, that ’s what his parents have to do with it, but i don’t know how it’s like that, maybe

it was some kind of anger that was mutual, now of course now i’m... dealing with age, then i’m a young girl, 22 years old, it seemed to me that the whole world, you know, was offended at me, here i am alone, like this, you were offended at the whole world, yes, yes, every woman is kind, naive, we believe in this love, yes, but you and the child are alone without the help of men, you were counting on something, money, where to get it, where to live, from the maternity hospital they were discharged, where, but no, i found out within a month that i, pregnant, had left moscow back to nizhny novgorod, and well done, i already thought you were all here. no, no, i went to my parents, everything was fine with my parents, my parents helped , yes, yes, my parents helped, he came to you, yes, he came, he then asked for forgiveness , let’s start all over again, why didn’t we forgive, because he has this kind of character from time to time, the fact that he doesn’t control himself, well, he likes to go for a walk, then he comes with gifts and apologies, and well, you just held his hand, well, no, i don’t held your hand, you knew straight away that he was definitely cheating on you, but no, he was walking, no, he didn’t directly

cheat on you by the hand. i’m waiting for him in the morning, where , where, where are you, that is, i always have a full-fledged family, i have a stereotype of my family, who lived for many years together, i wanted to keep the same, and i kept it as best i could, look, it’s a hard road angelica, also there , she’s so beautiful, so smart, she says, she saved this marriage, or something, she tried to save the relationship anyway, i understood that this... relationship would never end until i i wouldn’t change my life at all, and we came to rest with our daughter in anapa, and then in the end we decided to come with her together, little by little i started in anapa, as they say, if the stars align, everything basically turns out well, we’ve been with him for 3 years they didn’t see, that is, he comes to my daughter on september 1st and says , let’s start all over again, well, we didn’t see, but he sent you money, no, no, 3 years, no money, nothing at all, a whole life ,

when you’re done, you should ask, do you pay child support? visible or not, i am very i’m interested in this question, i’m very interested in how her relationship with his ex-wives is, whether it’s good or not, when he appeared already so, you know, accomplished, he had already rethought his whole life, came to us in anapa, said: “come on.” all over again, i’m already different,” i already understand family values, yes, i say, well, let’s try, we saw each other two or three times a year, he constantly has business trips for a construction company, and he came to us, but this pain, apparently, i didn’t let go, i met a man.

it is necessary, you even have the son of this new lover confirmed that he does not live with his mother, then i don’t understand you, well , we talked for so long for 6 months, that is, it was possible to get a divorce, right, this is not a completed relationship, you like denis, but it seemed to me that denis i wasn’t particularly interested, yes, well, that’s my opinion, in general, your good climate somehow influences you. because i read the model of an ideal family, it’s like mantrax, if you want, i’ll read it, yeah, an ideal family is people who understand each other without further ado, even if someone’s mood deteriorates, then

a loved one tries to help cope with the difficulties that have arisen, in a loving family, everyone should just count without expressions, we ourselves express not to sing, not to sing this text, not to chant, but simply in fact,

you are broadcasting a completely different thing, give me oh, in the family you can say, what do you agree with, you say, angelica, look, but anyone will love us white and fluffy, that’s when you come angry, crying, when you take it out on your loved ones, and they understand you , and somehow manage to remain silent, or vice versa, or to feel sorry, or to hug, or is somehow outweighed by another, this, this, this is sugar with honey, with molasses? for 4 years , it’s me, i don’t believe in it, you see, the wisdom is to experience all sorts of different things and allow yourself to be all kinds of different people in the family, but show us a surprise, maybe our sweets, oh,

you’re thin, some sweets for us , thank you, dear, you will also give something, yes, what does she give? some sweets, probably candies, look, now we will have basketball, but not real, but an alternative to basketball, we we must be a team with you, hold hands and feel each other at the same time , get into this ring, come on, so we stand with our first ball, join hands with you and at the same time take, wow, so 1 2 3, no big deal, let's try, so come on, oops. look, he is interested in holding the hand, everything is holding well, well done, well done, ural

, this surprise, our goal has been achieved, i want us to overcome ahead also, albeit gradually, but our goal will be achieved. i expressed myself incorrectly, but you are the most what i am, of course , i managed a little, and i behaved very dignified , by the way, he paid attention to you, meet the second bride, come in,

hello, my name is lena, i... have an active lifestyle, if you choose me, your life will be filled with new colors, super , thank you, here you go, thank you, let's go, 36 years old, fitness trainer, lives in yekaterinburg, loves skiing and standing on nails, proud of the title of eurasian fitness champion, dreams of horse riding and swimming with a white whale, admits that he doesn’t loves it when people touch her bag, warns that she will not cook, the most valuable trophies of elena’s two failed marriages are wonderful children, wonderful former mothers-in-law, hope that denis will successfully fit into her friendly family. hello, hello , you and your mother are a good sign, you look very much like your mother

, yes, your mother brought her with her, because her choice is important to her so that not only she agrees with her choice, but also her mother, in general, it turns out that this is a trigger campaign, tell me who will cook, mom, no, delivery, why, well, i already have a lot responsibilities, i am with children, i work, i also have a cat and a dog, and such a provocative question, how about such an expression that they say that the way to... that a man lies through his stomach, how do you feel about this? well, i think that now it’s possible to come to an agreement in other ways, not only through the stomach, the girl is very beautiful, i liked it, today all the brides are beautiful, but she’s not athletic, so she understood her figure, because she’s into fitness, yes, she’s a trainer, that’s right , stands on nails, just in general i’m all life i want to try this, but i’m very afraid, uh-huh, she’s very well-groomed, tell me, do your ex-in-laws help you here? yes, you did from different marriages, yes from different

marriages, both of them are grandmothers, you are good with them , great, yes, good, we agree, we get along, yes, i can come and leave my children at any time, they will help them, with my husbands, that i didn’t work out with the first and the second, but the first marriage, the man was 5 years younger than me, young, he became a dad at the age of 19, i demanded too much from him, demanded, demanded and then i decided that one thing was easier for me, i packed up the child, left, second, second marriage - i already consciously came, i already wanted a second child, but the man lay there, did nothing, didn’t do anything in particular, and before marriage you understood that the man lies, does nothing, or he was a different person before marriage, but you know, somehow everything is blind, these emotions, feelings began, now i am more conscious, that is, i am grateful for these experiences, that these taught me a lot marriages, and i didn’t notice a lot of things, i turned a blind eye to it, a man needs to be guided.

how i was carrying everything on myself, i tried to run in front of the locomotive, now i understand that i need to sit down somewhere, yes, that i should give this role to a man, so that you can say, your children are provided for by your ex-husbands, they help you a little, you will go to your husband or invite your husband to your place, because how many children are now 11.5 boys and girls, but i think that this needs to be agreed upon with the man, well, now we’ll agree, i ask questions, now what are you ready for, of course, let’s do it the way i think it’s correct, that is, the man takes it. v wife , a woman, he invites him to his territory, and that’s right, i think that

a man takes a woman to his place, go to a rented apartment, as many rooms as you want, that’s how much it will be, with this girl he will be like this in the south, he won’t this will not allow him to relax at all, but he needs his mommy , he needs her, she will be like him, it seems to me, no, no, no, please tell me, denis, doesn’t such a close friendship, even the love of your ex-fathers-in-law, bother you? well, by the way, this fits well with my

conspiracy theory, maybe they are together they get together and are planning something, but they are the grandchildren of my mother-in-law, how can i be in a bad relationship, well, your ex-husbands will then marry new women, and there you are such a good friend, tell me, elena, do you like denis, i like him , i like his activity, that he is so open, thank you, show me a surprise, but definitely, please. i know that you want to learn how to dance lizginka, and for the sake of this, and i really like that you are both from yekaterinburg, yes, this is very, this is a big plus, the fight is simply fattening. well just love at a distance, i don’t believe in her, and for this i learned a couple of moves, let’s go teach him, cool, emotional girl, you have to kind of understand that you either accept it or stop it, so here, well, he’s calm, i i think if he behaves

like this, controls himself, then it’s okay if she’s so impulsive, and he ’ll just dampen her down a little, for a complete image you need... yeah, let’s go slowly here, come on, come on, step forward , oh, go ahead, yes, we’ll change it for a sock, i slept on one leg, one leg, an arm, one like that, the second, yes, you do it to the side , we alternate everything, once, wow, it’s hard, oops, she ’s great, she stands on nails

, she’s into fitness, the lesginka knows how to dance, in general she’s just an ideal woman, but this is his dream, only with men no luck, in life , she’s even in charge here, bravo, thank you, well done, well done, i closed his eyes, thank you very much, go to your room, mom, look how happy she is, it seems to me that mom really likes it, she liked it,

she loves this kind of music , yes, very, energetic, lights up, how do you like it, anzhelika, overall not bad, but there are moments with... waiting for you after work, it would be nice to build you up, thank you very much for yours, you can have fun, let his mother-in-law come and

bring fresh food every day, meet the third bride, come on in. hello, denis, sorry , you will have to love tattoos, and with me you will never be bored, ok, great, thank you very much, here we are, a gift for you, let's go, valeria, 33 years old, formerly a dental assistant, now works as an instant master tanning, lives in samara, plays tennis, visits football and hockey matches, rides a moped and studies english, dreams of starring in olga buzova’s video, warns

that she will not enter into a relationship with a man who is allergic to wool. valery realized that it was time to part with her lover the moment the conversation started.

but he was not ready, he wanted to live again and try to live together first, i said, well, we already lived together, i already explained, i said, well, i talked to him, well , he had some uncertainty, and so he took it mortgage, but no mortgage, i offered, i wanted propose to him, let’s say, where we can take him together and tie each other up for a decade, good, by the way, the topic, i really liked the girl, she’s so active and very friendly.

can already reconsider his this , of course, of course, as they say, if everything works out, then lera, she will agree to all his proposals, i

like your willingness to adapt, i like your willingness to get married and be a wife, that’s why all that remains is to see the surprise, ok, did you notice, everyone is in red, just ready, ready to get married. denis, today i heard yegor creed’s song, and i decided that i wanted to dance to it with you.

he generally lights it up, he somehow plays along with me right away, you were pregnant, my fiancee, you are my fiancee, and to be honest, i’m so lucky to have you, my fiancee, you’re my fiancee, i’m interested. it’s on her face, my bride , you are my bride, and to be honest, i’m so lucky to have you, my bride, you are my bride, i ’m interested, thank you very much, it was great, she didn’t like him, along with the surprise, how he danced, you you see how he is, well he is man, he's great, yes. and supports, and he supports every bride.