During the covid pandemic I threw a few bucks into the stock market when things were down. I almost tripled my money. I wish I would have bought even more!
With the tanking of the Russian economy, would this be a good time to invest. I was looking at the mutual fund ticker ERUS. The stock has dropped almost 50%.
This is money I’m willing to gamble with and willing to lose. I really don’t want to support Russia in any way but if I can make money off things I cannot control then why not, right?
Posts: 5479 | Location: Pittsburgh, PA, USA | Registered: February 27, 2001
Would an investment in Russian stock not be counter to the sanctions the US and other countries are putting on Russia to punish their invasion of Ukraine? Supporting an enemy of the world to make a few buck?
______________________________ “I'd like to know why well-educated idiots keep apologizing for lazy and complaining people who think the world owes them a living.” ― John Wayne
I’m looking at adding to my U.S. holdings, don’t think I could stomach direct Russian investment/speculation.
No matter how this pans out, Europe will be squeezed by energy. We are gonna get some too, with inflation & higher rates. I don’t think a clean 8% drop(USA) is enough to blindly get back in.
If long term, that 8% discount from last Summer could be ok. There is the potential of more downside with no quick snap back.
I’ll mention the phrase ‘diversify’, not all in one basket.
Posts: 6505 | Location: WI | Registered: February 29, 2012
Russia has only just started to bleed. This keeps up for a month, and it will be NorK, using nukes to extort money to survive.
I think we will soon see "weapons free" for private hackers, etc to go after Putin and the Oligarchs. I wouldn't be betting on any of that wealth recovering for a long time.
Posts: 5999 | Location: Republic of Ice Cream, Low Country, SC. | Registered: May 24, 2007
I have Russian family. Most of them are the types most Americans meet, which make you wonder how Russia is so e--d up, and dysfunctional.
Then, you meet the idiots/Putin's Brownshirt crowd/even fairly intelligent ones w.o. a strong father figure at home, who've bought into the brainwashing, and you realize Central Asian nation.
St. Petersburg is civilized, to a large extent. So are assorted pockets.
Posts: 5999 | Location: Republic of Ice Cream, Low Country, SC. | Registered: May 24, 2007
If you're looking at buying a stock, the consideration is what are its future prospects. You buy a depressed stock when you think the market has oversold based on overestimating the bleakness of its future prospects.
Do you think Russian stocks would recover quickly and bounce up sharply in the near future? Why do you think it would do so?
"It did not really matter what we expected from life, but rather what life expected from us. We needed to stop asking about the meaning of life, and instead to think of ourselves as those who were being questioned by life – daily and hourly. Our answer must consist not in talk and meditation, but in right action and in right conduct. Life ultimately means taking the responsibility to find the right answer to its problems and to fulfill the tasks which it constantly sets for each individual." Viktor Frankl, Man's Search for Meaning, 1946.
Posts: 20193 | Location: The Free State of Arizona - Ditat Deus | Registered: March 24, 2011
Do you mean investment in the market generally while it is down? That might be a decent plan, as the usual rule is to buy cheap and sell high. I would consider this a long term plan - not a six or twelve month kind of thing.
If you mean buying actual Russian stocks, how would you do that? Is there a "Russian Company Mutual Fund?" Direct purchases, and are those still possible? I would have some discomfort buying Russian stocks at this moment on some moral level.
The fish is mute, expressionless. The fish doesn't think because the fish knows everything.
Posts: 53360 | Location: Texas | Registered: February 10, 2004
I would not fault asking a question, but the more you live by your principals the less attractive helping Russian interests right now might be. You can find other opportunities in down markets.
------------------ The plural of anecdote is not data. -Frank Kotsonis
Posts: 2103 | Location: Berks Co PA | Registered: December 20, 2006
My defense industry and oil stocks are doing well. Germany has finally seen the light on defense spending, find out who their primary contractors are and invest there.
Posts: 10070 | Location: Woodinville, WA | Registered: March 30, 2004
Russia is no more and no less the enemy today than they were one year or ten years ago. They will always be a threat to freedom and democracy until political change occurs there. (if ever)
Originally posted by Aglifter: I have Russian family. Most of them are the types most Americans meet, which make you wonder how Russia is so e--d up, and dysfunctional.
Then, you meet the idiots/Putin's Brownshirt crowd/even fairly intelligent ones w.o. a strong father figure at home, who've bought into the brainwashing, and you realize Central Asian nation.
St. Petersburg is civilized, to a large extent. So are assorted pockets.
Not all Russian people are bad. I would assume there are many Russian businesses that are going to be unfairly punished/destroyed by Putins agenda.
I don’t see this as a short term flip sale. I’m willing to let it ride.
As for as being able to purchase the funds it looks like I can. On my Fidelity app is appears to let me buy the Russian mutual fund ERUS.
Posts: 5479 | Location: Pittsburgh, PA, USA | Registered: February 27, 2001
People have been profiting off wars since the beginning of time, nothing new, doubt that an investment into the fund would provide significant capital into Pootains funds for his war machine.
Posts: 24534 | Location: Gunshine State | Registered: November 07, 2008
If you want to invest in a down market, buy US stocks. Our market is down almost 10 percent since the new year. And more likely to go back up soon than Russia's.
Posts: 2541 | Location: WI | Registered: December 29, 2012
