Are You Crazy to Invest in Russia?
“Are you crazy…?”
That was the reaction I got from a London investor I spoke with at a recent summer drinks party.
I had made the mistake of revealing that I thought it was a good time to start looking at investing in the Russian stock market.
His reaction was understandable.
After all, everyone knows that Russia — both politically and economically — is going to hell in a hand basket.
And with new U.S. and European Union sanctions inevitable after last week’s tragic downing of a Malaysian airliner over Ukraine, only a fool and a knave would risk his money investing in Russia.
Frankly, I’d heard it all before.
And his reaction merely reinforced my decision.
Read more about why investing in Russia may not be a crazy idea at Eagle Daily Investor.