For me, it always comes back to the Khrushchev speech:
"We will bury you"!
I wont be giving them a hand with the shoveling!

Put your money in uranium stocks and thank me next year.

To me, that would be like finding a young woman who had been gang-raped and passed out - and deciding since you couldn't stop the original crime, getting a little pleasure of your own wouldn't be so bad.

(Of course, I sometimes get a little morbid in my attitudes......... so I could be way off base.

quote:

Originally posted by mrvmax:
Put your money in uranium stocks and thank me next year.

Big gains today.

quote:

Originally posted by Southern Rebel:
To me, that would be like finding a young woman who had been gang-raped and passed out - and deciding since you couldn't stop the original crime, getting a little pleasure of your own wouldn't be so bad.

(Of course, I sometimes get a little morbid in my attitudes......... so I could be way off base.

Yea that might be a little to the far end of the analogies. Lol.

The way I look at it, adding insult to injury. Bad American will make money off big bad Russia misfortunes.

Didn’t we learn how an influx of cash to Chinese firms that made products cheaper than the same items made here would negatively affect our nation?

No difference as far as I’m concerned.

Investing in Big Pharma isn't exactly the bastion of moral fortitude either.

quote:

Originally posted by gpbst3:

quote:

Originally posted by Southern Rebel:
To me, that would be like finding a young woman who had been gang-raped and passed out - and deciding since you couldn't stop the original crime, getting a little pleasure of your own wouldn't be so bad.

(Of course, I sometimes get a little morbid in my attitudes......... so I could be way off base.

Yea that might be a little to the far end of the analogies. Lol.

The way I look at it, adding insult to injury. Bad American will make money off big bad Russia misfortunes.

The way I look at it there have been enough suggestions in this thread that you may want to re-evaluate the way you look at it.

GREED: 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?

quote:

Originally posted by gpbst3:
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?

Are you that guy from Ukraine that I saw clearing land mines by hand with a cigarette perched on his lips?

Props dude!

Sounds like even if you still wanted to do that the market here won't allow it.

Now then, what if a person could short the Russian market? That way (as I understand it) you would be betting against them and only win if they lose money. If that's true, would that not be patriotic profiteering?

All major prime brokers have stopped taking orders for anything Russian related. You cannot convert USD to Rubles. So even if you found a trading partner their is no was to settle
All international mutual funds are removing anything Russian repeated in their portfolio
Treasury has given until the 26th to close stuff up. Most firms are trying doing it in 3 to 4 days

So if mega boys can’t get in. There is no way a broker would take a small amount. If something is appearing being able to be purchased that trade will not be settled.

Russia will open their market in a day or so. This is for the rest of the world to buy and close out positions.

Interesting when your firm get emails that contain executive orders and treasury directives.

quote:

Originally posted by gjgalligan:
GREED: 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?

quote:

Originally posted by Jamess1:
All major prime brokers have stopped taking orders for anything Russian related. You cannot convert USD to Rubles. So even if you found a trading partner their is no was to settle
All international mutual funds are removing anything Russian repeated in their portfolio
Treasury has given until the 26th to close stuff up. Most firms are trying doing it in 3 to 4 days

So if mega boys can’t get in. There is no way a broker would take a small amount. If something is appearing being able to be purchased that trade will not be settled.

Additionally, Russia is moving to block sales of Russian assets by foreign investors. So even if you happened to be able to make a purchase (or had done so earlier), you may not be able to sell it at a later time.

From https://apnews.com/article/rus...62a4c5305aa34d045cce

quote:

MOSCOW — Russia’s Prime Minister Mikhail Mishustin said Tuesday the government has readied measures to temporarily restrict foreign investors from divesting Russian assets, saying the step would help them make “a considered decision” rather than succumb to political pressure of sanctions.

Mishustin said a presidential decree had been prepared imposing “temporary restrictions on exiting from Russian assets.” He did not provide details or say if the restrictions would apply to some forms of investment or to all.

quote:

Originally posted by shovelhead:
Didn’t we learn how an influx of cash to Chinese firms that made products cheaper than the same items made here would negatively affect our nation?

No difference as far as I’m concerned.

Buying Russian stock isn't going to send money to those Russian firms. You'll be giving your money to those who are holding those shares and want to get out because they think the price will continue to go down versus the buyer who is buying because he things the price will go up.

quote:

Originally posted by HRK:
..doubt that an investment into the fund would provide significant capital into Pootains funds for his war machine.

As the saying goes, "no single drop of rain wants to believe it's responsible for the flood."

I thought the ERUS fund was tanked when it dropped 40% to $18 a share when I was thinking of buying. It’s now at $12. Glad I waited on this one.