Russian ruble in free fall

[NotADcotor]

Hope that's a joke. The number one pitfall in investing is to chase yield

There is more to this than "chasing yield"
The number one good idea in investing is to invest when blood is running in the streets.

Contrarian Investing: Buy When There's Blood in the Streets

Nathan Rothschild said to buy when there is blood in the streets. See how contrarians find opportunities in the worst market conditions.

www.investopedia.com

Doesn't always work but still.

 

[danmand]

There is more to this than "chasing yield"
The number one good idea in investing is to invest when blood is running in the streets.

Contrarian Investing: Buy When There's Blood in the Streets

Nathan Rothschild said to buy when there is blood in the streets. See how contrarians find opportunities in the worst market conditions.

www.investopedia.com

Doesn't always work but still.

Worked for the Rothschilds.

 

[NotADcotor]

Worked for the Rothschilds.

If anything, the number 1 pitfall in investing is panic. It is a pitfall you can use to make money if you have gonads of steel.

 

[|2 /-\ | /|/]

If anything, the number 1 pitfall in investing is panic. It is a pitfall you can use to make money if you have gonads of steel.

Not only that but understand the flow. Where is the flow the volume and money going.

 

[danmand]

If anything, the number 1 pitfall in investing is panic. It is a pitfall you can use to make money if you have gonads of steel.

A recent good example is Bombardier. Prefs went to $7 for a while.

 

[mandrill]

Japan freezes Putin's assets, joins SWIFT sanction | NHK WORLD-JAPAN News

Japan has decided to freeze the financial assets of Russian President Vladimir Putin and other key government officials in response to the Russian aggression in Ukraine.

www3.nhk.or.jp

 

[Anbarandy]

Not only that but understand the flow. Where is the flow the volume and money going.

Buying ruble?

 

[|2 /-\ | /|/]

Buying ruble?

NEVER!

 

[Frankfooter]

Japan freezes Putin's assets, joins SWIFT sanction | NHK WORLD-JAPAN News

Japan has decided to freeze the financial assets of Russian President Vladimir Putin and other key government officials in response to the Russian aggression in Ukraine.

www3.nhk.or.jp

You think that's something?
This is how you know its not going well in Russia.

Russia president Vladimir Putin has signed a decree to prohibit Russians from leaving the country with more than $10,000 in foreign currency, Russia state media outlet TASS reports.

Citing the decree, the news agency reported:

The export of foreign currency cash and foreign currency instruments over $10,000 calculated based on the official exchange rate set by the Russian Central Bank on the day of export will be banned starting on March 2.”

The move is an attempt to “ensure Russia’s financial stability” according to a statement from the Kremlin press office.

 

[Indiana]

Fall baby fall.
Before I cash out

 

[y2kmark]

So, buy rubles? Not bloody likely in my case...

 

[mandrill]

https://twitter.com/i/web/status/1499706126455250944

 

[mandrill]

Which global companies are abandoning Russia, and why

Financial sanctions have isolated Russia from the rest of the world.

www.axios.com

 

[mandrill]

https://twitter.com/i/web/status/1500826100166889477

 

[mandrill]

Russia’s looming financial collapse — a return to the 1990s or 1918? — Meduza

In the days since Vladimir Putin ordered a full-scale invasion of Ukraine, the Western world has imposed crippling economic sanctions on Russia designed to force extreme costs on the Kremlin for its aggression. In the Biden administration’s words, the measures will “weaken the Russian defense...

meduza.io

 

[mandrill]

https://twitter.com/i/web/status/1501322423609798660

 

[Darts]

I suppose Russia can always print more rubles since it's their pwn currency. That's what 1980's Brazil and 1930's Germany did.

 

[PeteOsborne]

I might cash in some Blockbuster and Enron stocks so I can get me some rubles for when it goes back up, maybe some Sears Canada stock while i'm at it, LOL

 

[Darts]

I might cash in some Blockbuster and Enron stocks so I can get me some rubles for when it goes back up, maybe some Sears Canada stock while i'm at it, LOL

Would you be interested in buying some Russian railway bonds?

 

[PeteOsborne]

Would you be interested in buying some Russian railway bonds?
View attachment 128722
View attachment 128723

Right now for the pair, they are worth under $1.20 US.
I would be generous though and give you a medium coffee from Timmies.