SIGforum
Russian stock: buying with “blood in the water” ?
February 28, 2022, 09:59 AM
gpbst3Russian stock: buying with “blood in the water” ?
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?
February 28, 2022, 10:02 AM
ZSMICHAELPutin says thanks!!
February 28, 2022, 10:04 AM
TXJIMWould 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?
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“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
February 28, 2022, 10:06 AM
joel9507quote:
I really don’t want to support Russia in any way
Then don't buy their stocks. Pretty simple.
If you want to profit from blood in the water without feeding the shark, maybe look for ways to invest in Ukrainian stocks?
February 28, 2022, 10:26 AM
sourdough44I’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.
February 28, 2022, 10:52 AM
AglifterRussia 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.
February 28, 2022, 10:56 AM
AglifterI 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.
February 28, 2022, 11:38 AM
nasigquote:
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?
that's an interesting position
February 28, 2022, 11:43 AM
Rey HRHIf 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.
February 28, 2022, 11:46 AM
jhe888Do 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. February 28, 2022, 11:51 AM
preten2bI 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.
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The plural of anecdote is not data. -Frank Kotsonis
February 28, 2022, 11:59 AM
VoshterkoffMy 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.
February 28, 2022, 12:05 PM
PowerSurgequote:
Originally posted by gpbst3:
I really don’t want to support Russia in any way…
If that is true then you have your answer.
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The fool hath said in his heart, There is no God. Psalm 14:1
February 28, 2022, 12:09 PM
GraniteguyRussia 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)
February 28, 2022, 12:32 PM
gpbst3quote:
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.
February 28, 2022, 01:11 PM
nasigquote:
I really don’t want to support Russia in any way
It appears that sentiment didn't last very long
February 28, 2022, 01:15 PM
HRKPeople 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.
February 28, 2022, 01:19 PM
radiomanquote:
Originally posted by HRK:
People have been profiting off wars since the beginning of time......
And losing money, depending.
.
February 28, 2022, 01:21 PM
bigwagonIf 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.
February 28, 2022, 02:54 PM
ibandaThere are at least 3,000 US stocks to invest in. Surely you can find a few that are better options than putting your money towards Russia.
I have a few SIGs.