All journal articles
Every English article in the TradeAlmanac journal: the Russian market, bonds, dividends, taxes, valuation and portfolio construction.
- A first portfolio: what it is assembled fromNot a list of securities but an order of decisions: proportions first, then instruments, and only then specific tickers.Investing basics89 views
- How to tell investing from fraudFive signs, any one of which is enough to stop. None requires financial knowledge.Investing basics67 views
- Saving and investing: different jobs, different instrumentsPreserving and growing are not degrees of the same thing but opposite requirements of an instrument.Investing basics59 views
- Why past returns promise nothingA line from the disclaimer that almost everyone reads and almost nobody applies.Investing basics51 views
- A checklist before buying a shareTwelve questions worth answering in writing before the trade rather than hunting for answers after it.Stocks · 2 min63 views
- How the TradeAlmanac journal is builtSections, courses, a glossary and a link to live data. Figures in articles are pulled from the database rather than typed in by hand.TradeAlmanac tools56 views
- The TradeAlmanac glossary: why a definition lives next to the dataA term is explained once and surfaces as a tooltip everywhere the metric appears.TradeAlmanac tools57 views
- The events calendar: how not to miss a dateRecord dates, put dates, results and meetings in one place. A tool against the one class of error that cannot be undone — a missed deadline.Investing basics59 views
- Reinvesting dividends: where the return leaks awayA payout left sitting in the account drops out of compounding. The loss is invisible in year one and decides the result by year ten.Dividends62 views
- The dividend calendar: which dates matter and whyAnnouncement, approval, last day to buy, record date, payment — five dates, of which the third is the one to act on.Investing basics61 views
- The dividend gap: why the price falls and when it closesA fall equal to the payout is arithmetic rather than a market reaction. How fast the gap closes depends on causes unrelated to the payout itself.Dividends65 views
- What market history actually teachesNot prediction, but which portfolio constructions survive a shock and which do not.Investing basics54 views
- How a bubble works: the general patternA technology, a promise, an inflow of money, an explanation that this time is different, and a collapse. The pattern repeats across centuries; the details are new each time.Investing basics55 views
- World indices: what each of them measuresIndices in different countries are computed differently and cover different parts of an economy. They cannot be compared directly.Global markets53 views
- Trading volume: the only dimension besides priceHow many securities changed hands. It shows the degree of participation, not the direction.Technical analysis49 views
- Support and resistance: why they sometimes workPrices where movement stalled before. The mechanism is participants' memory rather than a property of the market.Technical analysis46 views
- Candlestick charts: what a single candle showsFour numbers for a period — open, high, low, close. Everything else in candlestick analysis is built on top of them.Technical analysis45 views
- How to live through a drawdown without making decisions you regretA practical set of techniques for the period when the portfolio is falling and doing something feels urgent.Investor psychology67 views
- Herd behaviour: why a crowd is convincingAgreement from the majority feels like proof. In markets it more often signals that the price has already absorbed the consensus.Investor psychology52 views
- The illusion of control: why activity feels usefulMore trades feel like more management. The effect on results runs the other way.Investor psychology55 views
- Fear of missing out: why people buy at the highsWatching someone else's profit feels like a loss of your own. That feeling is what produces purchases at the worst point.Investor psychology56 views
- Loss aversion: why a loss hurts more than an equal gain pleasesAn asymmetry of perception that makes losing positions get held longer than winning ones.Investor psychology50 views
- How many securities to holdToo few is concentration; too many is an index with extra costs. Where the boundary lies.Strategies52 views
- A trading journal: why no learning happens without oneMemory rewrites the past into a convenient shape. A note made before the outcome is the only defence.Strategies51 views
- The index approach: buying the whole marketGiving up the choice of individual securities in favour of owning the entire market at minimal cost.Strategies49 views
- What determines the rouble exchange rateThe trade balance, the policy rate, capital flows and the fiscal rule — four mechanisms, each acting over its own horizon.Currencies, gold and commodities54 views
- How to choose a fund: five checks in orderThe name and last year's return are the worst criteria. What to look at instead.Funds: ETFs and Russian BPIFs54 views
- Money market funds: where cash waits between decisionsAn instrument with little price movement, used as a temporary home for cash. Not risk-free, but close to it.Funds: ETFs and Russian BPIFs49 views
- BPIF, ETF and mutual fund: three forms of one ideaA basket of securities bought in a single trade. They differ in legal form, in how they trade, and in who keeps them tracking the index.Funds: ETFs and Russian BPIFs54 views
- Coupons and accrued interest: why you pay more than the priceBetween coupon dates the buyer reimburses the seller for the accrued part of the coupon. Not a cost, though it looks like one.Bonds51 views
- The Bank of Russia as market regulator: what it overseesBeyond the policy rate, the regulator sets admission rules, supervises participants and decides what a non-qualified investor may buy.Market infrastructure53 views
- The shareholder register: who records owners and whenThe list of holders on a specific date is what the right to a dividend and to a vote depends on.Market infrastructure50 views
- Moscow Exchange and SPB Exchange: two venues, two historiesOne grew out of a currency exchange and carries the bulk of turnover; the other specialised in foreign securities. The difference between them became a practical one.Market infrastructure48 views
- The contribution deduction: where the refunded money comes fromThe refund is capped by the tax you have already paid. That is the most common disappointment on a first claim.Taxes and the Russian IIA45 views
- Tax on dividends: why less arrives than was declaredThe company declares a pre-tax figure, the broker withholds at payment, and almost nothing reduces that base.Taxes and the Russian IIA48 views
- Long-term ownership relief: paying no tax without arranging anything in advanceThree years of holding exempt a substantial part of the gain from tax — and no special account is needed.Taxes and the Russian IIA52 views
- The third-generation IIA: what it gives and what it restrictsA Russian account carrying two tax reliefs at once — in exchange for a term during which the money cannot be taken out without losing everything received.Taxes and the Russian IIA62 views
- Investor income tax: what is taxed and when it is withheldThree separate grounds for tax — selling securities, dividends and coupons — are calculated differently and at different times.Taxes and the Russian IIA47 views
- Deposit or bond: not the same thing at a similar yieldTwo fixed-income instruments are built differently, and the difference shows up exactly when it matters.Macroeconomics53 views
- Inflation: how it is measured and why it differs from yoursThe consumer price index measures a basket with average weights. Your basket is not average.Macroeconomics47 views
- The key rate: how a Bank of Russia decision reaches your portfolioOne percentage figure on one instrument most people have never heard of sets deposit yields, the cost of credit and the price of bonds.Macroeconomics · 2 min146 views
- The share fell: a sequence of questions instead of panicA falling price is a fact, not information. What actually happened is established by checking, not by feeling.Stocks · 2 min51 views
- Company news: what actually changes a valuationMost of the news flow does not move the value of a business. Telling the material from the noise is a skill that saves money and nerves alike.Stocks45 views
- Splits and reverse splits: when only the share count changesDividing or combining shares does not change the value of a holding. The problem appears in historical data.Stocks42 views
- Blue chips and market tiers: how groups of securities differA ranking by liquidity and visibility, not by business quality. The difference shows up in the spread and in behaviour during a panic.Stocks45 views
- Common and preferred shares: what actually differsOne carries a vote, the other priority in payouts. The price gap between them shows what the market thinks that vote is worth.Stocks43 views
- Regular purchases of equal amountsA method that does not raise returns but removes the need to guess the moment of entry.Investing basics62 views
- The MOEX Russia Index: what it measuresA basket of the largest securities weighted by free float. What enters the index, what drops out of it, and why the index is not the market.Investing basics · 2 min60 views
- Why the price of one share says nothing about the companyA share at a hundred roubles is not cheaper than one at a thousand: the price depends on how many pieces the company was divided into.Investing basics52 views
- Eight mistakes of the first yearA list of what almost everyone does and what costs the most. Not one of these mistakes has anything to do with picking a particular security.Investing basics · 2 min54 views
