MOEX has been closed for the past 2 days. They are considering to not allow foreigners to sell, and not paying dividends to residents of countries that places sanctions on Russia
Nothing I can do about it, so best to just write off my Russian shares. Its a 6% loss for my portfolio.
I knew the risks when I bought them.
I'm still looking at:
- Dividend stocks/REITs to replace Netlink Trust in my portfolio
- Stuff to buy in the correction I expect between now and June. Copper. Oil if it corrects. Maybe some crypto.
For now, I still think we're in a correction.
5 comments:
Respect. Many investors in the same situation still see this as generational buying opportunity.
Maybe....if willing to lose it all.
If I was going to buy, I would probably wait for signs of a change in leadership. Putin cannot be president forever, one way or another.
Why divest NetLink trust? Isn’t it a stable dividend machine? Has anything fundementally changed?
Main reason: I don't know if Netlink Trust can raise prices in times of high inflation. I suspect not...when was the last time you saw your phone bill go up in price? So if we treat it like a bond paying 5%, the yield will be whittled away in times of high inflation.
Second reason: There's a 5-year IMDA pricing review in early 2023. We can see if they take inflation into account. The last price review has a small drop in residential connection fees: https://www.imda.gov.sg/news-and-events/Media-Room/Media-Releases/2017/imda-finalises-review-of-prices-in-netlink-trusts-interconnection-offer
Maybe....if willing to lose it all.
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