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Anyone making money (or losing money) due to the war?
Check for any new rules. Polymetal is still currently tradeable in London but suspended in Europe. You might find they get suspended in London as well. I sold my Russian shares on Monday.
I dun a Scooty and bought a lot more, I mean they gonna rebound aren't they?
I have a big chunk of shares in Polymetal, down 80%.
This war will kill me at this rate.
6 figures in Uranium stocks up about 25% since last week. I suspect this is just the start of a much larger pump.
Small amount in valadium up this week also and should fair well.
Neither of these are direct Russian investments more investments on the commodities and a bet they are due a rise but the current crisis seems to be the nudge both needed to start their rises.
Definitely not. Currently the bid prices are around 20% of the asking prices, an excellent way to make an immediate 80% loss. Basically the market is pricing them as effectively bankrupt.
Mostly losing money or, rather, paring back gains. Then again, outside the occasional punt for fun, I really only invest in trackers and don't touch the money for years (SIPP, ISAs etc.) and this time is no different. The only sure-fire way to lose bigly is to mess around with your investments too often or pick stocks, although I suppose this situation is slightly different if you hold Russian investments (I would probably sink those too for fear of them being worthless and/or inaccessible very soon).
I mostly have trackers within my ISA so they're not doing so well this past week. About £20k down. But as with these things, in the long term they sort themselves out. I don't need the cash in the ISA for another 15+ years at the earliest, so I'll just watch it and when new Tax year starts, I'll drop another £20k in and buy at what I hope is close to the current bottom.
Not checked my pension, but I'm guessing I've 'lost' quite a bit on their too, but again I'm 15 years away from needing that.
Latest communique from the stock-broker claims that post-conflict rebounds are often quite rapid, and argues that as long as you are investing for long-term growth in solid companies/products, this shouldn't be a big worry.
So it could be a long-term win to be putting more cash into shares while things are depressed as long as you don't look at the short term when it could drop much further. But i think I'll be sitting on cash (in my ISA) for a while.
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