from 01.01.1998 to 01.01.2020
Moskva, Moscow, Russian Federation
Russian Federation
This article examines the specific features of investment portfolio formation for private investors in a crisis economy. The study analyzes the shortcomings of classical portfolio theories under conditions of high volatility and proposes an alternative investment strategy based on the selection of assets capable of generating stable income and reducing the probability of investor losses. Based on empirical data analysis, a portfolio resilient to various phases of crises has been constructed. The paper develops principles that, when followed, allow for mitigating the impact of market shocks and ensuring capital growth after economic stabilization. Recommendations for investment portfolio management at different phases of the economic cycle are formulated.
investment portfolio, crisis, financial market, investment strategy, behavioral finance, financial instruments
1. Asyaeva E.A. Mezhdunarodnye proekty Banka Rossii v ramkah antisankcionnogo regulirovaniya [Tekst] / E.A. Asyaeva, Yu.Yu. Myagkova // Bankovskie uslugi. 2025. — № 10. — S. 41–48.
2. Badalov L.A. Rol' depozitarnyh raspisok na mirovom finansovom rynke [Tekst] / L.A. Badalov, Yu.Yu. Myagkova, B.B. Rubcov // Finansy, den'gi, investicii. — 2024. № 2. — S. 26–32.
3. Gorbunov I.V. Algoritm formirovaniya dolgosrochnogo investicionnogo portfelya v usloviyah rynochnoy neopredelennosti [Tekst]: metodicheskoe posobie / I.V. Gorbunov. — 4e izd. — Kazan': Buk, 2024. — 24 s.
4. Danil'chenko A.V. Irracional'nost' investorov kak faktor nestabil'nosti finansovyh rynkov [Tekst] / A.V. Danil'chenko // EPP. — 2023. — № 9. — URL: https:// cyberleninka.ru/article/n/irratsionalnostinvestorovkakfaktornestabilnosti finansovyh rynkov (data obrascheniya:18.02.2026).
5. Konovalova M.E. Formirovanie investicionnogo portfelya rossiyskimi roznichnymi nekvalificirovannymi investorami na rossiyskom rynke cennyh bumag v usloviyah izmeneniy [Tekst] / M.E. Konovalova, S.A. Zhironkin, E.M. Maratkanova, B.L. Safiullin // Voprosy ekonomiki i prava. — 2024. — № 9. — S. 56–68. — URL: https://www.lawjournal.ru/wpcontent/uploads/202409_56.pdf (data obrascheniya: 20.02.2026).
6. Kuraev A.N. Vliyanie sankciy na rossiyskuyu i mirovuyu ekonomiku [Tekst] / A.N. Kuraev, M.G. Kudinova, V.V. Kozlov, N.M. Suray // Innovacii i investicii. 2022. — № 11. — S. 78–85. — URL: https://cyberleninka. ru/article/n/vliyanie-sanktsiy na-rossiyskuyu-i-mirovuyu-ekonomiku (data obrascheniya: 20.02.2026).
7. Portal CBONDS: oficial'nyy sayt. — URL: https://cbonds.ru/etf/209099 (data obrascheniya: 21.02.2026).
8. Paevye investicionnye fondy // Bank Rossii. Finansovaya kul'tura: [sayt]. — URL: https://fincult.info (data obrascheniya: 19.02.2026).
9. Statistika paevyh investicionnyh fondov [Elektronnyy resurs]. URL: https://investfunds.ru/fundsstatistics (data obrascheniya: 24.02.2026).
10. Tursunov B.A. Perspektivy vozdeystviya inflyacionnogo puzyrya na fondovyy rynok [Tekst] / B.A. Tursunov, E.A. Asyaeva, D.G. Perepelica // Ekonomika i predprinimatel'stvo. — 2022. — № 1. — S. 122–125.
11. Cheluhina N.F. Problemy privlecheniya kapitala na rossiyskom fondovom rynke [Tekst] / N.F. Cheluhina, M.A. Askalenok // Nauchnye issledovaniya i razrabotki. Ekonomika firmy. — 2025. — T. 14. — № 2. S. 41–47. DOI: https://doi.org/10.12737/2306-627X-2025-14-2-41-47
12. Cheluhina N.F. Etapy modelirovaniya investicionnoy strategii na rossiyskom fondovom rynke [Tekst] / N.F. Cheluhina, V. al' Saadi // Nauchnye issledovaniya i razrabotki. Ekonomika firmy. — 2025. — T. 14. № 1. — S. 57–62. 13. Scherbachenko A.S. Osobennosti vybora metoda formirovaniya investicionnogo portfelya v usloviyah nestabil'nosti fondovogo rynka [Tekst] / A.S. Scherbachenko // Vestnik evraziyskoy nauki. — 2014. — № 1. — URL: https://cyberleninka.ru/article/n/osobennosti_vybora_metoda_formirovaniya_investitsionnogo_portfelya_v_usloviyah_nestabilnosti_fondovogo_rynka (data obrascheniya: 26.02.2026).
