Freedom Holding Corp (FRHC)

[Quintessence]

Indeed. Here are some thoughts Timur Turlov posted on Instagram today:

What should be done when the wildest and most incredible events occur, about which so many simply did not believe yesterday? This year is definitely breaking all records.

Try to turn off emotions as much as possible and look at the situation as soberly as possible.
During the period of maximum fear, prices are always minimum. Emotions dictate us almost always the wrong decisions.
When the fear of the virus went through the roof, so many who were in the market at that time made a lot of mistakes.
If we turn to statistics, however, the American market, 45 days after the start of significant military conflicts / events, returned to the same place where it was before the start of the war. At the same time, it was often the moment of invasion that was the minimum or was close to it. Will it be like this now? Nobody knows. Statistics only show that actions under stress are almost always wrong. In moments of stress, it is better not to run with the crowd.

Oddly enough, but foreign securities can now be to some extent a protective asset, more reliable than the currency itself.

Most likely tomorrow (but this is not certain) the sanctions of Western countries will be announced, and we believe that, and judging by the text of the bills in the US Senate that have been published in recent weeks, in the worst case, under the threat of the operation of the largest Russian systemic banks, in the first place, with state participation. Medium-sized private banks not affiliated with the government should not be directly affected.
America has never frozen the assets and securities of citizens of any country on a national basis. Only address lists of individuals. And this means that the transfer of securities to foreign banks and depositories becomes at such moments an even better tool than the transfer of money. More reliable.

Business is the art of the possible. Now it is important to act as soberly and coordinated as possible, and then you will not have to regret the decisions made during the moments of market panics.