In 2009 there will be short-term investment ideas

"The world's capital markets remains a high level of risk aversion. In my opinion, the formation of an aggressive strategy of investing in the Russian stock market looks to be premature, at least as long as the high market expectations of devaluation ", - said Head of the Department's strategic and macroeconomic analysis, VTB Asset Management, Alexei Vorobyev." Companies really cheap by many measures. But at the moment may well become even cheaper, "- Head of Department agrees to investment advice FK" Opening "Alexander Laputin. To the level of late 2007, the Russian stock market will come back soon. Senior Lecturer UC FINAM Zhdan Shakirov predicts that the yield on the performance last December, require "in the optimistic forecast - year and a half, in the pessimistic - 3.4 years." Mr. Vorobiev does not preclude the more rapid growth: from 1998 were chosen to pre-crisis level of 73 months at Rs. Now the markets are more mobile, and Russia's economic potential is higher. The recovery process may be shorter than that after 1998, unless repelled only by economic factors. "The next year, experts advise to give preference to long-term investments. The longer the horizon, the more illusive advantage sectors. Advantageous sell industry funds on a short statistics. To lay the main choice of investments - index funds. At least you will have the feeling that you are in the same boat, and you do not demolish the passage to something not there "- recommends that the chief of analytical department of the bank Petrocommerce Oleg Solomin. Investments with a horizon less than one year now characterized by higher risks. Nevertheless, analysts have voiced the industry, who can "shoot" in 2009. According to Mr. Vorobiev, is electricity, metallurgy, telecommunications. Strategist Finam Vladimir Sergievsky adds to the machinery and mineral fertilizers. True, telecoms, along with the oil and gas sector, he said protective paper. Head of Unit Asset Management Mutual Funds Asset Management Ingosstrakh - Investments Dmitri Ivanov notes that when the investment is a good return can yield debt instruments and derivatives markets. "First, do not necessarily invest in stocks: a reliable return on bonds significantly outperform inflation, which will fall into recession. Second, do not necessarily invest in stocks to 3000 points on the RTS index. The alternatives are myriad: Eurobonds, bonds first tier, the derivatives market, foreign markets. Now many of the Criminal Code to optimize the strategy for 2009 under these instruments, "- said Mr. Ivanov. The experts also advised to avoid investments in gold. "In my view, gold - a very controversial investment. On the one hand, the minimum industrial demand, enormous reserves of central banks, and on the other hand, artificially cultivated demand for jewelry products and cultivated the same fetish" safe harbor. "That is for the balance of supply and demand proposals we see "progress" and "fears" and on the other hand, virtually unlimited resources in the economy (about 1% of which is the annual production of gold), "- said Mr. Solomin. Mr. Shakirov also shared his opinion with respect of savings in foreign currency: "If we're talking about savings in foreign currency, I would have converted into euros, only a few later. A general rule of crisis - to keep savings in the currency in which consumption is .