How do I earn 20% per annum.

Journalist Maxim Glazkov began investing in 2016 after an interview with a retired private investor. Since then, he has opened five brokerage accounts, bought an apartment in Moscow and dreams of housing in Nice. We learned from Maxim why he started buying ETFs, how he manages to invest 70% of his income and earn 20.1% per annum.

I was born and raised in Orekhovo-Zuevo. Mom worked as a salesman, father — as a toolmaker at a factory. We lived very poorly, we were constantly in debt for utilities, so I realized the value of money early. When in childhood my relatives gave me money for the holidays, I didn’t buy anything — I put it aside right away. The understanding that I could spend them on a chocolate bar or a bicycle at any time added peace of mind.

In 2004, in my second year at the institute, I was offered to head a city newspaper. There I received my first serious salary — 10 thousand rubles, twice as much as my parents earned. But the attitude towards money did not change: I spent it mainly on food, transport and some little things. I always had about 70% of what I earned, and, like in childhood, I continued to save. As soon as there were 70 thousand rubles in the envelope, I put this money in the bank at 25% per annum — then there were still very good conditions for deposits.

I didn’t have a particular goal. An apartment in Orekhovo-Zuevo cost 2.5-3 million rubles, with my salary I never dreamed of saving for it. I just needed to know that I had an airbag.

The deposit strategy stretched for more than 10 years. It wasn’t until 2016 that I started thinking about promotions. I was prompted to do this by an interview with Larisa Morozova, a pensioner and private investor who, in her early 60s, earns on dividends. I remember after talking to her I thought: «I can earn twice as much!» Indeed: the dividend yield of most companies was then 25-30%, and the rates on deposits decreased — in the best case, you could get 15%.

So I decided to open a brokerage account with Sberbank. It was terribly difficult: the agreement was drawn up only in two offices of the bank, and then it was necessary to come again to receive a card with codes to confirm transactions in QUIK. I allocated myself 10 thousand rubles for the first experiments and invested in Sberbank shares. It happened right after the dividend was paid, so the company’s shares fell, and in a few months I lost 20% — the loss seemed huge! As soon as Sberbank returned to its previous indicators, I sold my shares and decided to look for other options for investing money — more reliable and predictable.

I started researching the market and discovered an ETF from FinEx. I liked the fund

At that time, I had already heard about an individual investment account (

Initially I thought that I would keep it empty, in three years I would top up with 400 thousand rubles, return 52 thousand rubles from the tax office and close the account. But I soon realized that it is better to get a tax deduction not once, but at least three times. Therefore, I decided to replenish IIS for 400 thousand rubles every year and buy shares of reliable companies and ETFs on it.

Today I have four brokerage accounts with Otkritie, over the past four years their yield has been 108% — an average of 20.1% per year. I also opened a brokerage account with a foreign broker

The money is distributed between the assets as follows:

I also invested 11 thousand dollars in the Vanguard S&P 500 and bought shares in Severstal for 533 thousand rubles, Rosseti for 270 thousand and Surgutneftegaz for 524 thousand.

The main portfolio, which is designed for long-term investments, has already accumulated more than 3 million rubles. This is where I buy dividend-paying stocks and profitable ETFs for IT and gold.

IIS has accumulated 2.3 million rubles: with it I buy about the same assets for 400 thousand rubles every year. I need one more account as a qualified investor to enter foreign platforms. Finally, I have a brokerage account for short trades — it has more than 500 thousand rubles on it.

At first, I was worried about fluctuations in the market for a long time: I climbed into a brokerage account several times a day, and this is a great hit on the nervous system. Benjamin Graham’s book The Intelligent Investor helped. He writes something like this: “Imagine that at 1:27 pm you put up your house for sale for $ 100,000. You won’t start looking at how much the value of your competitors’ homes has changed after just three minutes? Investments should be treated the same way — like a large monolith. You should try to enter the application no more than once a day — and then if you want to buy something. «

Now I have already reached the investment zen, when falls are perceived as an opportunity to buy securities at a reduced price. In any case, I will not lose my money — it has already doubled. And, of course, choosing the right asset plays a big role: the main advantage of ETFs for me is diversification. They are well balanced, and even if there is a crisis, they will not fall as much as individual securities.

Thanks to the investments, my wife and I were able to buy an apartment in Moscow, now there is a new goal — to buy another, which is almost twice as expensive as the current one. I also want to save up for retirement, and I also have a dream: to earn several million dollars and buy a small apartment in Nice or Miami. This plan makes me constantly think about money, ways to save and invest. And a lot to learn. I regularly read Investing.com, subscribe to thematic telegram channels: MarketTwits, Finam Alert, «Myself a financier», «Investing step by step», Intelligent investments.

I invest over 70% of my income in the stock market, and our family spends the rest on food, utilities and clothing. I often travel abroad and across Russia, but at the same time I do not have an iPhone, and sneakers cost no more than 3 thousand rubles. I have never been a supporter of big spending, and this attitude has not changed: what I always bought in «Ashan» or «Perekrestok», then I buy. I save on everything, but not at the expense of my health.

My wife supports me: she also opened a brokerage account and IIS, which we replenish with 400 thousand rubles every year. True, while I buy securities for my wife — she just keeps track of what is happening on the market. And at work, during lunch, colleagues constantly sit down with me: they ask what stocks are worth buying, how to choose a broker and save on commissions.

In general, many people with whom I communicate are gnawing at their elbows because they did not start investing earlier. So do I. Therefore, I advise beginners to think about the future today. It is also important to save and invest the saved money in order to get the maximum income from them.

I know that money may not bring you joy, but it does give you peace of mind. For me, a large amount on the account is the equivalent of peace of mind. The more money, the more confident I can plan my life.