Anyone have an opinion on Russia investing? The oil majors pay 10%+ dividends and are growing. Considering they're actually paying shareholders, it doesn't seem like a scam.
Stuff like $SNGSP seems absurdly cheap.
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Study how legit this is. It's been business as normal for a long time. I've heard Russia is uninvestable a couple times. But just because everyone says something doesn't make it so. I have to figure out the incentives of Putin, essentially?
You live in Thailand. All countries like that periodically fuck the foreigners. In a given year there’s a 5-10 chance if that happening. Can he do that with an oil company or pipeline? Sure. He can also turn off oil to Europe whenever he gets in a fight 10% yield, 5-10% chance
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Thailand has % caps on how much stock foreigners can own. But they've never stolen the equity. I've thought of buying a couple companies, but I can't do it with my US broker account so it's not worth the effort. I understand the incentives in Thailand and would invest here.
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Same for where I live (Colombia) (and I have invested here). Overly simplistic thinking that all EMs want to screw foreigners and - sadly - is part of why countries with better governance aren't adequately rewarded.
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Of it going to zero. Let’s say 5% chance I’d blow up with 10% yield (100-5%)^10 is your chance of recouping your investment = 59% plus you have the additional chance that stock rises in between now and then and you sell. With oil at these prices looks not bad but you need to
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Kelly criterion it so you don’t lose your shirt
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