From Russia with Love....
Discussion
I'm interested in your thoughts.
I bought into Russia just after Crimea kicked off, thinking the P/E of around 5 was good value. Oh how foolish. I then watched as planes crashed and Ukraine descended into a s**tstorm and thought...hmm another buying opportunity. So I doubled up. Foolish x10
So today, the rouble is in freefall, capital is leaving the country faster than rats off a sinking ship, OPEC is playing a long game with oil and I find myself down 48%.
Half my head says...you don't really need the money so leave it, in 5 years time the world will be a different place. The other half says...it's going to sink further and Russia may implement capital controls therefore I may lose the lot. My heart says SELL and learn a valuable lesson....
Is anyone else in a similar position? Thoughts? Advice?
I bought into Russia just after Crimea kicked off, thinking the P/E of around 5 was good value. Oh how foolish. I then watched as planes crashed and Ukraine descended into a s**tstorm and thought...hmm another buying opportunity. So I doubled up. Foolish x10
So today, the rouble is in freefall, capital is leaving the country faster than rats off a sinking ship, OPEC is playing a long game with oil and I find myself down 48%.
Half my head says...you don't really need the money so leave it, in 5 years time the world will be a different place. The other half says...it's going to sink further and Russia may implement capital controls therefore I may lose the lot. My heart says SELL and learn a valuable lesson....
Is anyone else in a similar position? Thoughts? Advice?
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