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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Talked with my friend's Russian wife. A couple more thoughts: - Sanction risk - Russian people still have no interest in stock investing, which helps explain the anomaly.
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Prob because they believe it’s fraught with accounting issues. Historically has not been a good investment for them
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She explained it like there's just such a long history of instability, that people in general don't even think of saving in any form.
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Maybe RE? That’s usually the only investment that works in unstable countries. It’s every first gen American immigrants preferred investment class
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