Transfer of personal funds into trust is one of the better ways secure yourself a stable one. It is available to everyone who has a certain amount on hand and a desire to put it into action. According to statistics IBISWorld, today more 65% Americans have chosen trust money management as the main tool for increasing their capital.
And this is no accident.
After all, this approach allows anyone to invest money in profitable projects around the world, without changing their usual way of life and without spending their personal time on independent market research.
What is trust money management
If we talk in simple words, then trust management is the transfer by a person of the right to control his money to another person or organization.
In business terminology, trust management means the conclusion of an agreement between an investor and, according to which the first transfers his money to management, and the latter puts it into circulation, receiving a certain percentage of income as a reward.
Trust management of funds in the stock market
In fact, under the trust management of money for 90% implied DM in the stock or foreign exchange markets, since the most liquid goods are traded there.
- The entire US pension system is listed on stock exchanges NYSE, NASDAQ, COMEX and others.
- 93% are joint stock companies, and only in them they invest almost 40% Americans.
The assets of almost all investment funds are all stock market assets.
Trust management capital with the help of private traders or brokerage firms - potentially very profitable business with protected risks.
By joining DU, even the most remote person from the intricacies of working with the stock market can increase capital in the shortest possible time. From this, the main advantages of remote control for professional participants follow:
- Professional management implies not only an analytical approach, but also more profitable terms for buying and selling assets, reducing overall costs.
- Due to the accumulation of investors' capital, DM allows you to create diversified portfolios.
- No interruption in investment management. It doesn't matter what kind of life situations a person has - his money will always continue to work for him 24/7/365.
For an example of trust management on stock market, let's take the financial holding FINAM, which is one of the largest not only in the domestic but also in the world market. Since its foundation in 1994, it has consistently ranked among the top five domestic brokers and provides investors with access to exchanges in Europe, Asia and the United States.
One of the most popular investment holding services is trust management in the US and European stock markets.
The minimum amount to start is $80 000 ; average annual return 16% at the maximum possible drawdown 15% ... Management fee depends on the rate of profit growth and is 25% if the account has less $100 000 and 20% if the amount on the client's account is more than one hundred thousand.
Of course, for many, the profitability in 13-16% per annum will seem very small, but this is the case when it is not about $ 1000, and hundreds of times more... Even with such a yield, you can achieve unimaginable results thanks to reinvestments and.
For people with little capital, there are other opportunities that do not exclude making money in the stock market.
For example, you can invest in investment funds from a broker who is regulated CySEC:
For example, a fund of shares of gaming companies:
Minimum amount to open an account $500 ... In addition, with the broker you can create your own portfolios of stocks and trade other assets. The difference between this method is that here you do not buy stocks, but on them.
Trust management of assets in the foreign exchange market
Today, trust management at foreign exchange market offered by large brokerage companies, whose activities are licensed by financial regulators, and all parties receive guarantees.
Today one of these brokers is licensed to operate from TSB RF... Alpari has created a special type of account -. Such an account is opened by a trader who wants to be invested in it. The statistics of this account are open and all investors can view and compare them with others. If a trader shows a stable profit for six months or a year, it makes sense to invest in him. Minimum investment start at $ 10.
An unlimited number of investors can invest in each PAMM account, that is, a managing trader, and the profit will be distributed in proportion to the contribution.
If you have invested $100 , and the manager brought in a month 10% profit, then your profit will be 10% of the amount of your deposit. True, the manager will not take a large commission on the amount of profit for the remote control. As a rule, this is 20-30%.
It is interesting that the number of PAMM accounts is large, and each investor can create by investing in different managers.
The person has different ways extract additional profit from your capital. And trust management on stock exchanges or stock markets is by far one of the best. It makes it possible to increase the size of your finances without much work and participation in dubious schemes.
The advantages of trust management will be most appreciated by small and medium-sized investors who have other sources of income, but at the same time can start receiving additional income without taking away their personal time. Indeed, by investing, for example, in low-income funds, they can provide themselves with a small, but stable profit in the long term with a minimum personal participation... So, trust management can be considered a universal tool for multiplying capital, regardless of how much money the investor has in his pocket, especially since there are offers for every taste.
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How to choose the right brokerage company
A broker is an intermediary in the market between you and the seller of securities, i.e. the one who buys the papers for you. If you decide to independently invest in securities, you will need the services of a professional intermediary - brokerage company... By Russian legislation You can trade on the exchange only through a company licensed by the Federal Financial Markets Service to carry out brokerage activities. The broker conducts transactions with securities on behalf of clients. A broker can be a bank or an investment company. There are many such companies now. How to choose your broker among them?
To begin with, the main thing is to learn how to ask competent questions and be able to understand the answers. We will tell you how to do this using the example of real questions asked by novice stock market participants.
QUESTION: The situation on the world markets (oil prices, metals, exchange rates, etc.), as well as the performance of companies whose shares are traded on the stock market, affect the quotations of securities. For making a decision to buy or sell shares, both these data themselves and the comments of a specialist are very important. Where can I get them? Does a broker provide this service?
ANSWER: Many brokerage companies have an analytical department. Its specialists, as a rule, prepare daily reviews of the market situation, where key news from enterprises, politics and economics are indicated, as well as comments on the market situation and forecasts. Well, in order to keep abreast of what is happening in the world every minute, you can use the on-line news feed on the website of your brokerage company. In addition, the broker can offer you individual advice in accordance with your wishes. Therefore, when choosing a brokerage company, be sure to find out what level of analytical service is provided to the client.
Q: I am planning to buy and sell securities via the Internet. But, to be honest, I have a poor idea of how this is done. And if there is a failure on the computer or I have some important point I don’t have a computer at all, how will I manage my account?
A: In order for you to be able to conduct trading operations over the internet, the broker will provide you with a computer program. You will install it on your computer and with its help you will be able to submit orders for transactions, monitor the status of your account, see quotes and charts of securities. If for any reason you do not have access to a computer, the broker will accept your order for a deal by phone and will also be able to inform you about the market situation by phone. To protect themselves and the client, brokers use special client passwords when working with voice. This point must be clarified when concluding an agreement with a broker.
Q: How are brokers paid and how much do they cost?
A: There are several types of commissions for brokerage services:
broker's commission for transactions;
commissions of third parties (exchanges, clearing and depository centers);
account opening fees;
depository account maintenance fee;
payment for using the Internet trading system;
interest for the use of marginal (credit) resources;
payment for non-trading operations (deposit, transfer, withdrawal of funds and securities).
When concluding an agreement with a broker Special attention you should pay attention to the size of the broker's commission for your transactions, that is, how much he charges for each operation carried out on your behalf. As a rule, this commission is low (it averages 0.05-0.2% of the transaction amount) and the more the client's daily turnover is, the less percentage the broker charges from each transaction (in bulk, it is cheaper). Third party commissions are even lower. For example, the MICEX commission is 0.01% per trade.
Costs such as account opening fees, account maintenance fees, and fees for using the Internet trading system are fixed. If we talk about average values, then the commission for servicing the account can be 100-150 rubles. per month, payment for the Internet trading system - 300-600 rubles. (as a rule, if the broker's commission for transactions exceeds this amount, then the fee for the Internet trading system is not charged).
Q: How much can you start trading on the exchange?
A: Brokerage companies initially require a minimum deposit, that is, the amount that you will manage. Today it is, as a rule, 50 thousand rubles.
Q: How do I determine how reliable a brokerage company is?
A: You can determine the reliability of a broker by evaluating the following points. The company must have a license from the Federal Financial Markets Service (FCSM) for the right to conduct brokerage activities (an additional advantage is a depository license, it will allow you to keep shares in a brokerage company). Check if there has been any license revocation precedent. The experience of a broker in the stock market is also very important.
It is also worth paying attention to what category of reliability the investment company has according to the professional rating, which is made by the National rating agency(NRA).
Advice 1 If you make transactions through a broker, carefully read his reports. The broker must provide you with information about all transactions performed and the commissions that were withheld by him.
Tip 2 When concluding a trust management agreement, carefully read its content, pay attention to whether it contains all the terms used, whether it is possible to withdraw funds before the expiration of the agreement.
At least a year Most often, the trust management agreement is concluded for a period of one year with the possibility of renewal. Remember that by choosing trust, you have chosen a long-term investment strategy. It is the duration of the contract that will allow you with a high probability to get the desired result.
How to choose the right trustee
The trust management mechanism is as follows: you give money to the management of an investment company, agree on a management strategy (which securities and under what conditions to buy and sell) and conclude an appropriate agreement. It turns out that you perform transactions on the exchange, but do not waste time on daily monitoring of the market and your nerves on doubts when making decisions. As a rule, trust management brings a higher profit than unit investment funds, because it has more flexibility (you can perform transactions that are not legally allowed for unit investment funds).
The main disadvantage of trust management is the relatively high entry threshold, that is, the amount that the company will agree to operate on the terms of trust management.
Q: I want to deposit 100 thousand rubles. in trust management. Where should I contact?
A: To get started, just compare the offers of several companies. Visit them, talk to the managers in person. Find out the annualized profitability of each trustee company. Pay attention to the dynamics, see the results not only for Last year, and for several years (if the company was engaged in trust management during these years). Although, of course, it is impossible to make a choice based solely on the profitability for previous periods. It's like driving a car looking solely in the rearview mirror ...
Therefore, use a few more analytical methods of assessment. For example, you might ask total amount assets under management of a given company - this is also a point for comparison. And of course, go to the company's website: how relevant and useful is the information presented there? Does it have daily analytic reviews and recommendations for individual issuers? Positive answers to these questions indicate a well-organized work of the analytical service and that the company closely monitors all changes in the stock market.
And of course, a company offering a trust management service must have a license to carry out such activities. Our site lists the largest brokers-operators of the Russian stock market.
Q: Who guarantees that all my funds will be safe?
A: There is no absolute guarantee against losses in the stock market. However, the fiduciary agreement must specify the range of risk. For example, from 0 to 20%. If you, when signing the contract, designate the level of acceptable risk at 10%, then this means that theoretically you can lose up to 10% of your original amount. But not more! In addition, when you conclude an agreement, make sure that it states that the funds you have deposited can be used exclusively in your interests and must be kept in separate accounts. This means that your money will be available only for transactions in the stock market, and their safety will be ensured regardless of the financial condition of the company carrying out trust management.
Q: Will I be guaranteed profitability on the trust service?
A: Legislation prohibits guaranteeing profitability on trust management, since the development of the situation in the stock market cannot be indicated with absolute accuracy, but can only be predicted.
Q: What taxes will I have to pay?
A: Income tax individuals is 13% of the income you received. If the trust company is tax agent, then tax withholding and paperwork will be carried out by the specialists of the company itself. In addition, a tax consulting service may be included in the trust management service.
Q: What laws govern the activities of the trustee?
A: A separate chapter is devoted to this issue in the Civil Code of the Russian Federation. except Civil Code RF the main document regulating trust management is the Resolution The Federal Commission on securities No. 37 of October 17, 1997, as well as other Resolutions of the Federal Financial Markets Service.
Q: How are the companies offering trust management different from each other?
A: Companies can vary in the initial amount required to deposit.
For example: 50, 100, 300 thousand rubles. and higher. In addition, when concluding a contract, you choose a specific management strategy. Typically, the strategy reflects the risk-reward ratio that the trustee will adhere to. Each company usually offers several strategies in which the risk level ranges from 0 to 25% (rarely higher). In this case, as a rule, the same operations are performed with all funds on the same strategy. That is, you need to choose a company that immediately satisfies all your wishes in terms of the amount and level of risk.
As the Russian markets develop, an increasing number of companies offer their clients trust management services in the stock market. This is done by banks, financial and other companies, so investors have a lot to choose from (for more details, see the article on the page How to choose a trustee). The conditions offered are largely similar, although, of course, competition forces managers to take measures to attract customers, including through better conditions for clients.
What amounts of clients do managers work with - let's start with this question, since it is of no small importance to many potential investors. In general, the amounts are needed here are rather big, if we compare, let's say, with trust management in PIFs or in Forex. Large and medium-sized companies, as a rule, set a lower threshold for investment of one million rubles or more, although there are exceptions.
Almost all companies offer clients various models of trust management, differing in the focus of investments, levels of potential profitability and, accordingly, risks. The difference between these models essentially lies in two issues: firstly, these are the principles of forming an investment portfolio (i.e. in what types of securities will be invested and their percentage among themselves), and secondly, what trading strategies will be used with remote control (high risk, compromise, or more cautious).
When concluding a contract, specialists advise the client on all these issues and you can choose any proposed option, taking into account the preferences of the investor. In addition, as a rule, in the process of remote control, the client, within certain limits, can change the composition of his investment portfolio, if any circumstances require this.
On the effectiveness of financial management in the stock market. It is clear that since in in this case we are talking about an individual form of management, then it is quite difficult to come across some generalizing information. But, each company tries to provide customers with as much information as possible about what income it has managed to achieve in previous periods, and this information in one form or another can be found on the websites of specific companies.
And the last thing - about the forms and amounts of remuneration for managers. There is also significant diversity in this regard that should be taken into account. For example, you can find proposals that establish a fixed percentage of the amount under management, or a fixed percentage of income, or some combined options. For example, it might look like this: management fee (2% per annum of the average cost net assets client excluding VAT) plus 17% of profits exceeding 5% per annum (also excluding VAT).
The easiest way to generate income from investments in stocks and bonds is to transfer your funds to the management of someone who is professionally engaged in investing in the stock market. This service is called "trust management": the investor transfers the savings to the trustee in order to obtain their growth through transactions in the stock market.
When transferring property to trust management, the ownership of the property remains with the investor (founder of the management), and is not transferred to the manager. The trustee does not become the owner of these funds, he only manages them in the interests of the investor and receives remuneration for his service, the amount of which is determined by the amount of income he received for the investor. He is interested in maximizing the investor's capital transferred to him in trust.
Trust management can be individual and collective. In individual trust management, the company separately manages each client's portfolio, and in collective management, the funds of many, many clients are combined into one common portfolio, and the company manages one large fund. In such a fund, each investor has a share proportional to the amount of funds deposited.
Collective investments are created specifically for small private investors who want to increase their capital in the stock market, but do not have sufficient capital or opportunities to invest on their own. Collective trust management includes mutual investment funds (mutual funds) and the so-called general funds banking management(OFBU), which are also gaining popularity among Russian investors.
Mutual funds
Mutual funds make securities investments affordable for many low-value investors. Your money in the stock market will be managed by professional managers. A small amount of investment and professional management- the main advantages of mutual funds over independent investment in stocks and bonds through a broker. You do not need to constantly monitor exchange prices and financial news, buy and sell securities on the exchange. Mutual funds are created specifically for non-professional investors - ordinary people who do not have the appropriate investment knowledge and experience or cannot devote significant time to managing their capital.
Mutual investment funds are available even to those who receive an average income by Russian standards. Any amount can be invested in a mutual fund. Even with a thousand rubles you can get real income higher than the bank. But, of course, investing a penny is pointless.
Figuratively speaking, a mutual fund is a "money bag" in which investors put their money for further investment in financial markets by professional managers. The shareholder's money is combined with the money of hundreds and thousands of other investors, who also transfer their funds to trust. A mutual investment fund is not legal entity- this is the so-called separate property complex. But he creates this property complex and manages it on the stock market Management Company.
A management company is a stock market participant licensed to carry out activities for the management of investment funds, mutual funds and non-state pension funds. In addition to managing mutual funds, they also have the right to manage the reserves of non-state pension funds(NPF), insurance reserves of insurance companies and individual trust management of securities. Pension reform has spawned the new kind trust management: companies invest the funded part of the pension transferred to them in the management of citizens. Today the right to manage funded part 55 private management companies received pensions.
Investors in mutual funds - shareholders - receive neither interest nor dividends on their investments. Income consists only of the increase in the value of the investor's share in the fund (the value of the shares). If the value of the shares has increased, they can be sold (the law "On investment funds" calls this redemption) and receive income. The difference between the sale (redemption) value and the purchase price of the shares will constitute the investor's income or loss.
Unlike deposits in banks, no return on investment in mutual funds not guaranteed. It all depends on what kind of income the securities that make up the fund's investment portfolio bring. If the securities in the fund's portfolio grow, then the income of the shareholders also grows. If the value of securities decreases, then the shareholder's capital also decreases. However, it must be remembered that as long as you have not sold the shares, both your income and your loss are not the final result of the investment. So, the decline in the value of a share can be completely waited out and wait for a new rise in prices. Mutual funds offer many advantages for investors over investing in stocks and bonds on their own.
Due to their advantages - reliability, profitability and availability for a wide range of investors - mutual funds are becoming the most popular type of investment for private investors on the Russian stock market. The number of mutual funds is growing rapidly, new types of mutual funds appear. Undoubtedly, mutual funds will eventually become a serious alternative to bank deposits.
General Funds of Banking Management (OFBU)
General banking management funds (OFBU) are another opportunity to profitably invest in securities for a private investor in Russia. OFBU are funds similar to mutual funds. Only they are created and managed not by management companies, but by banks. Just like a mutual fund, OFBU is not a legal entity. The bank accumulates investors' funds, combines them into one common fund and then manages the fund in the financial market. Only financially stable banks belonging to the 1st category by financial condition and having a capital of at least 100 million rubles., can establish OFBU. The bank can establish several funds, depending on the management strategy.
A significant difference for an investor between mutual funds and OFBUs is that these funds have different opportunities for investing the shareholder's funds in earning assets. UIFs are strictly controlled by external organizations (especially a specialized depository) and are obliged to strictly adhere to the composition and structure of assets in accordance with the requirements of the state stock market regulator - Federal Service on financial markets(FFMS). OFBUs have much more opportunities in investing assets - investors' funds can be invested not only in Russian, but also in foreign securities, currencies, precious metals; it is possible to perform operations on the derivatives market with futures and options that bring the highest income or insure against risks.
If for mutual funds the advantages of such tight control are lower investment risk and protection against fraudulent management, then the advantages of mutual funds in comparison with mutual funds are the greatest flexibility in management, depending on the situation in the financial markets.
However, the liberal conditions for managing the OFBU does not mean that the bank can do whatever it wants with the investors' money. Operations with funds invested in OFBU are carried out in accordance with the investment declaration adopted by the bank. The investment declaration must contain information on the share of each type of property, each type of securities (stocks, bonds, bills, etc.) included in the OFBU investment portfolio; on the share of funds placed in currency values; on the sectoral diversification of investments (by types of sectors - issuers of securities).
OFBU cannot invest more than 15% of its assets in securities of one issuer. The bank cannot issue credits (loans) at the expense of property held in trust, as is the case with ordinary deposits in the bank. Another difference between OFBU and mutual funds is that units of a mutual fund can only be bought for rubles, and an investor can invest in OFBU everything that the fund's declaration allows to invest in - dollars, euros, securities or even precious metals.
When investing in OFBU, a trust management agreement is concluded between the manager (bank) and the founder of the management (investor). The trustee is obliged to issue a document for the amount of the contributed property - a certificate equity participation, confirming the fact of transfer of property into trust. The certificate indicates the size of the share of the founder in the general fund of banking management. A certificate of equity participation is not a security and cannot be the subject of sales contracts - it is a kind of receipt.
Investors are not guaranteed income in OFBU either - it all depends on the profitability of investment assets and the efficiency of fund management. The number of operating OFBUs is about five times less than that of mutual funds.
Individual trust management
Mutual funds and OFBUs relate to collective investment - small amounts hundreds and thousands of investors are united into a single portfolio, which is managed by a management company in the case of a mutual fund, and by a bank in the case of OFBU. Of course, all fund shareholders are content with only one general strategy for managing the fund and cannot give any instructions to the manager.
However, if you have a substantial larger amount than is required to join most funds, you will enjoy the benefits of individual securities trusts.
Individual management is carried out professional participants the securities market, licensed to carry out activities for the trust management of securities, are investment companies, management companies, often having this license as a second, and banks (they are also required to have a license).
In individual fiduciary management, a personal portfolio manager manages the client's portfolio according to a strategy tailored specifically to the client's needs.
Strategies are the essential difference for an investor between mutual funds and trust management. The difference in strategies is determined by the fact that mutual funds can invest in securities only in accordance with the strict requirements of the Federal Financial Markets Service, indicating in which securities and in what proportions it is possible to invest. Therefore, the opportunity to earn on securities for mutual funds, significantly less than for trust management. The advantage of trust management is active strategies in the stock market up to speculation in a falling market, operations in the futures and options market. And mutual funds always stick to the chosen strategy. As a rule, this is either a portfolio of stocks or bonds, or the fund's portfolio contains stocks and bonds with an advantage in one direction or another. The client can set certain parameters of the portfolio, which the portfolio manager will adhere to, for example, the composition and structure of the portfolio, different ratios of profitability, risk or liquidity of investments. All these parameters will be recorded in the investment declaration. When the market conditions change, the manager can quickly change the investment strategy. In the event of a fall in the stock market, he can shift capital from stocks to bonds, which are much more stable and bring guaranteed interest income.
Genuine personalized trust is possible for amounts in the hundreds of thousands of dollars. For smaller amounts - less than $ 100,000 - managers offer standardized strategies, then transactions in your portfolio will be identical to transactions in a dozen twin portfolios belonging to other clients of this company. Often, management companies offer investors mutual funds and individual trust services at the same time. Individual trust management is chosen by medium and large investors who value an individual approach to a client and who need to develop a special investment strategy impossible in a mutual fund.
In this article I want to tell you how I invest in stocks Russian companies.
From time to time I am asked the question: "Where to invest big money, but to be reliable?" - this article is for you!
After the bankruptcy of the Forex Trend and RVD Markets brokers in which I invested, I decided that it was time to end up with offshore brokers, I needed to switch to reliable licensed brokers. But it turned out that reliable brokers do not have PAMM accounts, they are simply prohibited by the regulator. The only option remains to look for sensible traders, open an account with a reliable broker and transfer this account to a trader's control. I was looking for successful traders for a long time, it turned out to be difficult. There are many trading “gurus”, but few of them can prove their experience by having a trading account with a positive history for at least a year. I didn’t find any of these on Forex, only sinkers on martingale, so I switched to the Stock Market. The fund is less risky than Forex, but the profitability is also lower.
In October 2015, I selected three managers, allocated three deposits of 500, 400 and 300 thousand rubles. The second and third dropped out in the spring of 2016, because their trade was unprofitable. There is only one manager for 500k left, and I want to tell you about him.
His name is Nikolay, he is known on the mmgp forum under the nickname Nicma. On this forum, I saw his topic, in which he offers his services.
Terms of cooperation from Nikma:
For management on my account, I accept amounts from 30,000 to 1.5 million rubles.
The maximum amount of all investments in this way is 1.5 million rubles.
Separate accounts from 500,000 rubles. If the number of accounts exceeds the convenient for management, the amount will be increased.
Management fee - 20% of net profit (after deduction of personal income tax 13%), for amounts from 1 million - 15%.
Distribution of profits to individual accounts on a quarterly basis, without recalculations in the future.
For management from your account - distribution at the end of the year or upon withdrawal, also without recalculations in the future.
Withdrawal of amounts is possible from October to December inclusive, this is due to the fact that when any amount is withdrawn, tax is immediately written off for all profits from the beginning of the year, and profit from the use of the tax amount in circulation is not received.
You can withdraw ahead of schedule with a penalty of 5% of the deposit. Withdrawals until October are possible without a penalty, but it will be necessary to contact in advance and wait for the appearance of offset or the receipt of the next dividends.
The strategy is used in the medium term, with an analysis of the state of the market and companies, priority is given to highly dividend shares, the estimated yield is 40-160% per annum.
No leverage is used, so the risk is only in the depreciation of the shares themselves. During the biggest crisis of 2008, the MICEX shares fell by an average of 40%, but dividend shares are falling significantly less than the market average and recover faster, so I estimate the risk no more than this level. With the possible closure of the broker, only cash on the broker's balance sheet and shares that did not reach the depository, which is insured against brokers' problems.
They enter the depository in 2 days, but the shares sold 2 days ago are still listed in the depository, so the risk here is insignificant.
For remote control, bank transfers to Telebank with a 0.3% commission or TCS bank, webmoney with a commission of 0.8%, qiwi with a commission of 1.6% are accepted on their account
Broker's commission for withdrawing 0.2% of the amount, replenishment without commissions.
Guarantees - repeatedly collected pools for various projects in amounts from $ 5,000 to $ 30,000
The question of trust immediately arises, because half of the money is not small. I did not participate in the pools, but I knew Nikmu, he traded on PAMM accounts of well-known brokers, including Forex-Trende. He actively discussed on Forex, brokers and investment companies... It was registered on the forum back in 2009 and has more than 10k messages. I studied his activities on the forum, topics, messages, did not meet negativity.
Unfortunately, the Fund does not have myfxbook-type monitors and it is difficult to show / prove your trade, there are only reports. But Nikma led the topic with investment portfolio reports, in which he commented on actions with a stock portfolio, i.e. what he sells, what he buys and it was not after the fact!
According to these reports, Nikolay earned + 22% for six months, which is a good result for the MICEX. I decided to trust this trader.
I opened an account with the Otkritie broker, Nikolay recommended it. there are the lowest brokerage commissions... Broker Otkrytie is one of the top three best brokers Russia. It has been operating since 1995, has the maximum AAA reliability rating, is a bank, all required licenses and insurance. You cannot open an account remotely; a mandatory visit to the office is required. EPS is not accepted, only bank transfers. Everything is serious here, scam is excluded. More precisely, bankruptcy is theoretically possible, like any bank, but the likelihood of this is very low.
Replenished Bank transaction his trading account for 500 thousand rubles and gave Nikolay access to the account. The first 4 months the profitability was near zero, I waited patiently, since I understood that there would be no quick profit here, there may be periods of flat. Since February 2016, the profit went, bringing the balance to 565 thousand rubles, I decided to withdraw the profit, pay remuneration to the manager (VU). And in general, see how the withdrawal from the broker and the calculation of the VU work. I received the withdrawal within 24 hours, transferred 20% to Nikolai VU to the TCS card. In June there was a slight decline, but since July it has flooded :) For a month I received 30% profit. This time I have already rented 120 thousand, it was necessary to lead a family at sea. The withdrawal from the broker was the same day, Nikolay also received his 20%.
Unfortunately, the broker's office does not allow drawing up a profitability chart, there is only the balance, and I provide it:
The falls and increases in the balance are clearly visible, the withdrawal of funds is highlighted in red, these are not losses.
Thus, in 11 months Nikolay earned 170 thousand rubles on my account, this is 34%. For trading stocks of Russian companies during the crisis, this is an excellent result! For comparison, the MICEX index for this period, brought in two times less!
As for the risks: I believe that non-trading risks are excluded here.
If we compare the Stock Market with Forex, then the FR has the advantages - these are low leverage and low volatility of instruments. These qualities will not allow you to quickly drain the account. In Forex, the manager can drain your account in a day. It will take many days for the FR, you will notice this and change the access to the account, the broker sends weekly reports to the mail. In general, there are trading risks, of course, but they are lower than in Forex.
By buying shares of companies you become a shareholder and have the right to vote at shareholders' meetings. I regularly receive letters of invitation to such meetings. It's nice to feel like a shareholder, you can brag to your friends :)
Here is my current portfolio composition: 
Summing up, I can say that I am satisfied with Nikolai's work and recommend him for cooperation. He is always in touch in ICQ and is ready to answer any questions.
Update after 2 years
As I wrote above, for the first year the profitability remained about + 34%.
During the first half of the second year, there was no profit, but I waited patiently. And in the fall it was rewarded with a sharp increase, the second year brought about + 44% arrived.
Here is a graph of the return from my account over two years: 
From 500 thousand rubles 393 thousand were earned.
Nikolay changed the conditions of the remote control, increased the minimum entry to 3 million rubles, because has already collected a sufficient number of investors. A large number of small accounts are more difficult to manage.
