Trading on Russian stock market

[enemychaser]

Any bros here trading Russia stocks? Looking at some of the big names now they are really dirt cheap, tempted to buy but can't seem to find any brokerage services here that offer access to that market.

 

[hindsight]

They are extremely cheap but there is a big problem - the fx risk is just too great.

 

[Shiny Things]

Any bros here trading Russia stocks? Looking at some of the big names now they are really dirt cheap, tempted to buy but can't seem to find any brokerage services here that offer access to that market.

I don't encourage this at all, because like I said in another thread "it can't possibly get any worse" is not a good investing strategy, but there are some Russian names available as ADRs in NYC. Here's a list.

 

[enemychaser]

I don't encourage this at all, because like I said in another thread "it can't possibly get any worse" is not a good investing strategy, but there are some Russian names available as ADRs in NYC. Here's a list.

Thanks for the list bro, I found that as well. But how exactly do you trade those OTC shares?

As for the risk, I'm aware of it. I wouldn't buy anything without first thoroughly looking through the stocks, of course. I just thought there might be some good buys in the market after all the negative news.

 

[felixleong]

Any bros here trading Russia stocks? Looking at some of the big names now they are really dirt cheap, tempted to buy but can't seem to find any brokerage services here that offer access to that market.

few people are familiar with the russia exchange blue chips, so most trader just use an etf like RSX which is traded on the US exchange to gain access to the russia market

currently russia index is only trading at 6 times earnings
I am long on RSX

 

[Shiny Things]

Thanks for the list bro, I found that as well. But how exactly do you trade those OTC shares?

Open up an account with any US broker that offers OTC shares (ahem Interactive Brokers ahem) and start trading.