Goldtent TA Paradise

UNINTENTIONAL CONSEQUENCES

1. ISarmina says:

   March 4, 2022 - 8:14 pm at 8:14 pm

   That is painful. On a slightly different note, I have never bought shares of any Chinese companies. Property rights do not exist in China. Everything about that system is inherently corrupt and cannot be relied upon. As long as they keep a communist political system, there is no reason to invest my hard earned $$, to have it suddenly go missing.

2. Chartsmaster says:

   March 4, 2022 - 8:20 pm at 8:20 pm

   You hit the nail on the head Sir Isarmina. First rule is to never invest in any country’s companies that offer high levels of risk regardless of the possible reward. What the heck was that pension fund thinking? Maybe you have a European or emerginging market ETF that has some diversified exposure to Russian, Chinese or other risky country, but to have a large position in one bank, you deserve to take a bath for such stupidity.

3. Fan says:

   March 5, 2022 - 6:07 am at 6:07 am

   what financial professional puts a pension in Russian stocks?? wtf

   • YYZ says:

     March 5, 2022 - 4:09 pm at 4:09 pm

     When domestic junk bonds yield a few hundred points above ST treasuries, I could see why (not that it’s smart, just a symptom of zero/low yield on ‘safe’ investments orchestrated by CB’s). If I recall, a pension plan’s model to meet it’s future payout obligations, must yield 7-8% minimum – way beyond junk. A LOT more local pension funds have exposure to russian (and other international) debt too I’d guess. The stock market is probably holding up a lot more than just retail accounts.