China's already been hit hard with Xi's common prosperity edict.
Their stocks didn't fall much after corona but did after GFC.
Chile, turkey ETFs also beaten down.
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China's already been hit hard with Xi's common prosperity edict.
Their stocks didn't fall much after corona but did after GFC.
Chile, turkey ETFs also beaten down.
if you believe biden he reckons putin going to invade ukraine .
oil shock anyone as russia second biggest oil exporter
Oil prices have already shot up to seven-year highs in recent days. A conflict between Russia and Ukraine, which the White House has warned could be imminent, would have the potential to drive them much higher.
https://edition.cnn.com/2022/01/20/b...tin/index.html
They have a small window of a few weeks due to the weather.
https://www.wionews.com/world/biden-...-report-444048
https://www.dailymail.co.uk/news/art...isers-say.html
The modern battle of Agincourt .
Cashed in re 10% of my shares this week,taking profits and building more cash as a precaution ,less risk for me now and some great lower entry opps later hopefully.
That's a big call. Did you buy today?
It's kinda sad thou. There was a post on a FB group yesterday with one person asking what to do now that their kiwisaver is down 40% because of this high risk ark bs. Clearly didnt know what he was investing in, likely followed some dumb post on FB back when people were posting about mega returns during arks glory days. Others post screenshots of their kiwisavers down 40% as well, in some sick form of solidarity. Then all the fan boys come out and say hold, buy more, just a dip, long term view etc. No actual fundamentals stated, just throwaway lines. One person said $80k down in actual dollars, his profile pic suggested he was late 30's. sad! Kiwisaver is supposed to plod along and compound at 8% every year for decades. Double digit returns some years for a bonus.
If I was to, I would only put a small amount of my own managed portfolio (2%) into an ark fund. But would never ever put my nest egg kiwisaver fund into it, let alone 100% of it!!