In the last 110-odd years, they’ve had a violent revolution, WW2, the barbaric regime of Josef Stalin, the Cold War communist regime, the fall of communism, and multiple invasions of neighbouring countries, yet you (and a bunch of highly publicised aircraft lessors!) still invested there.Just shows you though the battle Russia will have to ever get western investment into that country again
I think the optimum holding period was measured in days, or less.Holding on to Eircom shares for too long.
Investors came back only 80 years later though in 1990s, the bolsheviks defaulted on tzarist foreign debt and confiscated foreign assets in 1917, so it was a completely new generation of investors and a new regime in Russia then by 1990s. That won't happen now until putin regime is overthrown and new leadership gives guarantees of repayment for some of the western assets confiscated. Either way Russia is in deep troubleThere’s probably an interesting discussion in that point alone around the fearlessness/naivete/greed of the capitalist system. But rest assured, investors will be back at some point if there’s a $/€/£ to be made! C’est la vie!
I think the optimum holding period was measured in days, or less.
I feel your pain, some things best to forgetyears ago selling AMZN at 11 USD
and when did you originally buy them?many years ago selling AMZN at 11 USD
FYI - how to quote properly:"and when did you originally buy them"
I thought maybe you had been caught up in the whole dot com boom and then finally decided to sell in 2011.bought them about 6 months before for much the same price, read an article at the time that this company was probably not going to go anywhere as online books
AMZN provided a c. 1,600% return over that period of time!It just shows how long you have to wait for a recovery because in 2011 it was almost a decade after the dot com crash and companies like amazon and Microsoft had barely recovered their share prices of a decade previously ,and they were the survivors.