Jim pimping Russian stocks third day in the row (that's Jim Cramer). What can I say? The movie named "From Russia With Love" actually about escape from Russia. That's exactly what I think about investing in Russia for last 4+ months (see here).
True, stocks mentioned by Jim are good ones and look cheap. But they are cheap because political uncertainty is priced in.
I think that of BRIC countries only Brazil and India can be considered, because both countries are stable democracies, which makes political risks much smaller. Russia (and China as well, I'll write about it later) has political risks too high to my taste. Get away and stay away!
Full disclosure: at the time of publication author did not have positions in stocks of Russian companies. Positions can change at any time.
Disclaimer: This article is not intended as an investment advice. Every person should make her/his own investment decisions based on all available information and advice from her/his own financial advisor.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment