I’m Russian, currently living there as well. The Russian national bank recently announced that next month they will cut access to buying stocks from “unfriendly” countries for “unqualified investors”. To get a “qualified investor” status you need econ higher education or more than 6 mln rubles portfolio, that's $100k. I'm not close to that yet. Selling will be allowed.
Their stated reasons are infrastructural risks with western financial institutions like Euroclear that could freeze our assets at any moment. And this is true, they already froze some parts of Russian portfolios, including mine (I got away only with having a tiny bit of TAL locked lol). I still disagree with the bank’s decision because I’m willing to take a risk, but whatever, they don’t think I’m qualified, and I can understand that. They don't want to deal with a bunch of retail investors crying to them demanding to return money.
So, my portfolio is basically 40%/30% RU+CN/Western papers, 15% gold and silver, and bit of RU bonds. My plan is to sell gold (and maybe eat a -7% on silver too) and around half or more of my Russian and Chinese stocks, most of which are in the green, throw this money at “unfriendly” stocks I like, and then maybe slowly restore my sold Russian positions while beginning to invest in ETFs on Western markets — yes, those will be available. But I haven’t researched the commissions Russian funds take and their terms yet.
I have a high risk tolerance and am in a decent financial position to forget about that money for a long time. Would you do something different? What stocks would you pick now if you had this choice in a situation where DCA isn't possible? I have my ideas to research, but interested in what others think.
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