Yandex Investments Yammi: service review, reviews, pros and cons of the assistant

In the summer of 2021 (more precisely in July), Yandex, together with Sberbank, presented a new product for novice investors - Yammi investments. The main goal of the service (at least as Yandex itself claims) is to introduce people to investments. And help you take the first step.

An additional feature is the complete absence of the need for any knowledge about the stock market. With the help of advisors or a robo-advisor, the service itself will indicate what needs to be purchased and in what proportion.

To form an objective opinion about the usefulness of the service (or uselessness), let’s look at it from different angles.

From the side of a beginner who knows absolutely nothing about the rules of investing. And deprived of information about where to buy and what. And in general, what actions need to be taken to become an investor. And buy the same shares of Gazprom or Sberbank.

On the other hand, it might be interesting to hear feedback about the Yami service from more advanced people. Having some experience in investments. And most importantly, they know what to compare with. In the sense of similar offers on the stock exchange.

Yammi - what is this service?

The Yammi investment project was first advertised in 2021. The idea of ​​the Yandex service is to help novice investors understand the mechanism of stock trading. Yammi is the first robo-advisor in Russia based on the principle of trust-based asset management. There are similar helpers abroad - Stash, Acorns. An automated assistant was developed by Yandex together with the international investment group of companies FinEx . A person will receive basic knowledge together with an automated advisor – Yammi. In order to make their savings work for themselves with the microinvestment platform, the user will not have to obtain special knowledge, “waste” their budget due to inexperience, spend time on analytics and studying news in the world of economics, or overpay for trust management.

The financial assistant independently studies the current market situation and makes decisions on the purchase/sale of assets. Recommended actions are based on the initial settings, which are independently set by the investor. Thanks to which a person understands how to achieve a specific goal.

Important! The work of the platform is based on the modern Markowitz portfolio theory and the principle of global diversification , which allows you to significantly reduce risks and achieve your goals for accumulating funds. The assistant follows an index strategy, investing in FinEx exchange-traded ETFs .

Real reviews about Yammi

The main slogan that the service recites: yammi will help everyone save up for their own home, as well as fulfill any desire. This takes time, but if you take into account the positive points that investors themselves indicate about this method of money management - money management, this is an established work with Yandex.Wallet, to which funds are transferred without commission and instantly. Plus, you can withdraw money from your portfolio at any time. Although in investor reviews of Yammi’s work there are some noted, weak points, namely:

• The support service works only on weekdays and during business hours;
• Specific investment tools are not described in advance.

When choosing yummy investments and reading customer reviews, we learn that in fact it is not Yandex itself and its team that manages funds, but Management Company FinEx Plus LLC. This information is indicated in the information brochure - white paper for working with the service. Investing means making money work, and with Yammi this can be done even for overly careful and cautious investors, as well as for those who do not like to make their own decisions about choosing an instrument. I wish your work with Yammy to be successful and profitable.

See also:

• What are dividends in simple words? Payment and taxation procedure
• Investment portfolio - investor's portfolio: what is it and how to form it?
• What is an individual investment account? A complete overview of IIS and how it works?

Author Ganesa K.

A professional investor with 5 years of experience working with various financial instruments, runs his own blog and advises investors. Own effective methods and information support for investments.

Who is this assistant suitable for?

The Yammi investment service is intended for those who:

• wants to save the required amount of money for a major purchase in the shortest possible time;
• strive to protect your savings from the effects of inflation;
• plans to save for retirement and ensure a comfortable old age;
• not satisfied with the low percentage of return on deposits and is looking for a reliable investment instrument;
• does not want to understand all the intricacies of investing in the stock and financial markets;
• tired of paying large sums to trustees;
• tired of following news in the global economy so that investments work profitably and generate income on autopilot;
• wants to learn how to invest and plan for the long term.

Portfolio management in your personal account

By registering with the Yammi service, you can log into your personal account at any time. Investment management by the system is carried out automatically, so the owner of the portfolio can only monitor its value. You should be prepared for the fact that the value of the portfolio may decrease due to changes in the market value of the investment assets included in it.

What to do when the portfolio becomes unprofitable? In such cases, it is better to wait until the system carries out a planned rebalancing, ensuring the purchase of assets that have fallen in price and the sale of assets that have risen in price.

It is almost impossible to suddenly buy or sell shares by beating the market. Therefore, it is best to make changes to your profile in cases where your investment goals or circumstances have truly changed dramatically.

How does a robo-advisor work?

The Yammi investment assistant is located in your Yandex.Money personal account on the “Investments” tab, as well as in the mobile application and is available at the yammi.io link.

The operating principle of the robo-advisor is based on a clearly structured algorithm. It is based on the development of Nobel laureates G. Markowitz and W. Sharp, which was presented in 1990 as “Modern Portfolio Theory”.

Based on the provisions of this work, the set of assets is diversified in such a way that, in the aggregate, the risks are lower. Therefore, before starting to work with the Yammi service, the client undergoes a basic test and sets the settings:

• acceptable risk;
• volume of investments;
• monthly replenishments;
• deposit term.

The data obtained allows you to determine the type of portfolio - conservative or high-risk - and formulate a specific algorithm.

Deposits and withdrawals of money are carried out through the Yandex.Money wallet.

The work flow looks like this:

• a potential investor fills out a questionnaire on the portal to determine an investment strategy;
• signing documents for trust management online;
• replenishment of the balance in the amount of 5,000 rubles;
• tracking in your personal account how the Yammi service manages investments.

Who is Yammi for?

The Yummy service is a way to receive passive income, invest money in trust management, which is subsequently invested in various foreign investment funds operating on stock exchanges, and the participants of the service have actually organized their own club. The strategy is designed to work with physical ETFs. If we talk about who will be most interested in the service, I will highlight the following categories:

1. novice investors;
2. investors who are considering trust management;
3. overly cautious partners;
4. those who are used to investing “free” money in long-term projects.

How does the service work?

Reading reviews about the work of yammi, you can see that investors clarify: the robot does not make decisions based on emotions, but programmatically and in detail analyzes all market conditions and the client’s wishes. Based on all indicators, the assistant creates an investment portfolio.

For the convenience of preliminary profit calculation, there is an online calculator where you indicate the starting amount, replenishment, and risk level.

Pros for novice investors

Since everything happens without personal involvement and control, it is simple and helps save time. Plus, you don’t need to understand the intricacies of investments, study market trends when choosing Yandex investments - the yammi assistant does it all for you. The robot works with ETFs - in fact, this is an array of market securities. He conducts transactions in a comprehensive manner. This is what makes investments with Yammi from Yandex more profitable, since the commission is paid on all transactions in total, and not for each one separately. And for those who are considering different ways to make a profit, the “Earning money without investments” course, which is already available for online students, will be useful.

Minimum investment

A significant advantage is that you can start working with 5,000 rubles. When compared with other services (brokerage companies, platforms), yammi yandex offers very realistic conditions. You can always monitor exactly how the assistant works, where he invests funds, and track operations over the entire period.

Opening an investment account

Since the program makes decisions based on preset indicators, Yammi’s investment assistant suggests first answering several important questions in order to determine how willing the client is to risk and what strategies are best to use.

1. Risk attitude test. You must answer as honestly as possible.

2. Portfolio formation. To do this, indicate the starting amount, how much you will replenish per month and the final investment period.

If you plan to invest for more than 3 years, it is rational to open an individual investment account. To do this, select the checkbox in the appropriate field. This method allows you to return tax on income received from the state.

3. Identification. This can be done using the State Services portal, or enter the TIN and passport data into the fields.

The Yandex.Money wallet must first be opened, and its owner’s identification data must match the data of Yammy’s account.

4. Filling out the form and entering data.

5. Topping up your account in Yandex. Wallet.

All processes are carried out exclusively online from anywhere in the world.

Ways to diversify

The Yandex service and its financial assistant yammi use proven tools to reduce risks. First of all, these are the models of the authors William Sharp and Harry Markowitz, who received the Nobel Prize in Economics. The methods of James Tobin and Eugene Pham are also used. I propose to take a closer look at what is special about each of the theories.

Ways to reduce risks from world economists

Market analysis is constantly carried out, data from various expert teams is compared to make the most profitable decision.

Who provides the services?

According to official data as of December of the same year, two key legal entities are mentioned in the organizational structure of the Yammi service - Yandex Money LLC and Finex Plus LLC (official website finex-etf.ru). The first of them is the agent for concluding the agreement, the second is the direct executor of trust management services. Both participants have appropriate licenses that allow them to exercise these powers legally.

FinEx is an international investment group of companies. Among the proposed financial instruments for increasing assets are ETFs, private equity funds, hedge funds, and trust management for wealthy clients. The investment team was formed in 2004. Today, shares from 14 FinEx ETFs are offered on the stock exchange. The company has 2 head offices - in London and Moscow.

The management structure includes:

• Simon Lure;
• Mike Powell;
• Evgeny Kovalishin;
• Oleg Yankelev;
• Martin Bednal et al.

In 2021, the “ BCS Investments ” service also became available in the Yandex.Money mobile application. The trading platform is intended for more experienced market participants who wish to independently regulate controlled assets. Opening a brokerage account takes only 5 minutes. To do this, you will need to provide a phone number and take a photo of 2 pages of your passport. Through the trading terminal you can purchase currency and securities on the Moscow and St. Petersburg stock exchanges.

Features of the functioning of Yandex. Investments

In the summer of 2021, Yandex presented a service called Yammi. According to official statements, the platform is intended for beginners in the field of investing, and should help people get acquainted with investments.

Yammi is a trust management service that was launched by Yandex.Money and FinEx. FinEx is a ready-made basket that is suitable for beginners.

Two legal entities NPO Yandex participate in the service. Money, which indirectly belongs to Sberbank, and FinEx Management Company. Yandex acts as an agent to attract clients to the management company. Licensing with the Yammy service is excellent, but a question arises regarding the feasibility of the entire process.

It turns out that Yandex is an intermediary that attracts clients, transfers the clients to another intermediary, Finex Management Company, which takes a percentage, Finex Management Company invests money in an ETF, which also takes a percentage for its services. Then the transaction to purchase the asset is completed.

Pros and cons of an assistant for novice investors

Objectively, Yandex Yami has a number of features that can attract or repel newcomers to the investment market. The advantages of the site are the following:

• Low entry threshold - 5000 rubles. Large brokers generally provide access when depositing from 30 thousand rubles.
• Online access . The conclusion of the contract is carried out on the Yandex service.
• Optimizing passive income . When building a portfolio and studying the market on their own, novice investors often abandon this idea because it requires in-depth study of the topic. Yandex Yammi helps automate actions within the framework of a clear strategy.
• You can receive a tax deduction for individual investment accounts up to 52,000 rubles.

Important! Yandex.Investments is a scheme for passive investment portfolio management. An automated advisor allows you to avoid the human factor in managing assets and unnecessary costs for portfolio managers. As a result, in 80-85% of cases, a balanced portfolio built on index funds moves with the stock market and beats professional managers.

The list of disadvantages includes:

• Works only through Yandex Money. It is possible to deposit and withdraw funds only through the service wallet. When transferring to a bank card, an additional commission is charged - from 3%.
• Service tariffs. On official portals only the commission for transactions carried out is advertised. However, a depository fee is also required.
• The selection of ETF funds is limited. Only 14 FinEx funds are available for purchase.
• There is no 100% guarantee of safety of savings.

Is it profitable to invest money with Yammi?

Since the human factor is almost completely eliminated, investments become safer. The Yandex Yammi service offers to sell existing portfolios at any time and thus receive invested funds. A significant advantage is that the client chooses the investment period himself. There is no clarification on how much you can earn maximum; it all depends on the level of risk, working period, amount of investment, and whether the account will be replenished.

Passive income

If you have free fiat money, the details of which I talked about on the online pages of gq-blog.com, you can invest it to receive passive income. It is possible to invest both a large amount at once and gradual infusions. Those who have opened for yammi, in the reviews still do not recommend setting the investment amount to more than 15-20 thousand rubles. This not only reduces risks, but is also a strategic indicator for the average investment portfolio. For an amount of 5 thousand, this is a good opportunity to make money work.

Additional income with IIS

Those real investors who have chosen yammi for investment and write reviews note that it is a profitable scenario for at least 3 years. In this case, you can count on a tax deduction from the state, which amounts to 52 thousand rubles. Thus, the return on investment is significantly increased. Experts recommend immediately depositing at least 20 thousand rubles into your account, or regularly replenishing it in stable, even shares.

How to open an account?

To open an account in Yandex Yami you need to follow five simple steps:

1. Take a 12-question test. Aimed at determining the user's willingness to take risks.
2. Set settings. Parameters are set for the size of the first and monthly replenishment, and for the period of validity of the strategy.
3. Go through identification. The data entered must match the information on your Yandex Money account.
4. Transaction confirmation. Using SMS, the client confirms the signature in the accompanying documents.
5. Replenishment of balance. You need to make a one-time deposit of at least 5,000 rubles.

What documents are required to sign a trust agreement?

According to Yammi's background information, you can start using a financial advisor only after signing an approved list of documents online.

To fill out the form, you only need a passport, tax identification number, mobile phone number and e-mail.

The user first of all gives consent to use an electronic signature.

Then the following official papers are signed:

• Declaration of risks.
• Questionnaires containing information about the risk profile and personal data of an individual.
• Trust management agreement. The participant’s consent to transfer funds to the remote control, which is implemented in the form of Yammi actions.
• Investment declaration. Basic conditions that determine the methods and directions of investing the client’s funds.

How to create Yandex.Money

I have been working on the Internet for quite a long time, but until a certain point, WebMoney was enough for me to conduct all payment transactions, a little later I also started using Alfa-Click, and relatively recently connected QIWI. Now it’s Yandex.Money’s turn. Or rather, as it turned out, I opened an account there quite a long time ago, a couple of years ago, but I forgot and never used the service until there was a direct need for it. Now this payment system will be used by me quite often. In general, I believe that a modern person, to a greater or lesser extent, should use all the popular tools he needs to do business. You shouldn't give up any of them. Therefore, I plan to write posts about all possible payment systems that are used in one way or another in Russia and the CIS countries. Subscribe to updates so you don't miss out.

A little distracted from the topic. So, how to create Yandex.Money? In fact, this is done very simply. You just need to create a mailbox on Yandex, and all its services will become available to you, including Yandex.Money. I have already discussed in detail how this is done in the article about email. I see no point in repeating myself.

You can also go directly to creating a wallet on the Yandex.Money service using this link. But ultimately, you will still receive a “magic key” to all Yandex services. So both registration procedures are equivalent. If you have already created an account on Yandex, all you have to do is create a wallet in Yandex.Money and create a payment password.

Enter your username, password, mobile phone number and proceed to the next step.

Here you just have to enter the code from SMS, payment password and accept the agreement. Be especially careful when choosing your payment password. It is necessary to perform all important operations. After clicking on the “Open wallet” button, your Yandex.Money account will be created.

As I already said, I started Yandex.Money several years ago, but only recently went through the identification procedure. Without it, you can also accept and send payments, but there are certain restrictions.

Identification in Yandex.Money

Immediately after creating a wallet on Yandex.Money, I recommend everyone to go through the identification procedure. The advantages of an identified account over an anonymous one are obvious:

Of course, you can use Yandex.Money without identification, but the limits on payments, deposits and transfers will be significantly lower. The service will also have a low level of trust in you, which may even lead to the denial of access to your wallet until documents are presented.

You can go through identification in the following ways: payment at Euroset or CONTACT point, visit directly to the Yandex.Money office, sending an application by mail. You can get acquainted with them and start going through identification here. I chose the first option - payment to Euroset. In my opinion, it is the simplest and most convenient. There are about 20 Euroset stores in my city, so within 10-15 minutes after leaving home I was in one of them, where I went through the identification procedure.

All I needed to identify myself was fill out and print out an application and go with it, my passport and 50 rubles to the nearest Euroset store. Out of 50 rubles, only a ruble reached the account. But I think this is not such a significant fee. Immediately after my visit to Euroset, I opened the main page of Yandex.Money and confirmed my identification using the link in the left column. From now on, I am an identified user of the Yandex.Money service. So you can trust me.