i bought ypf as it was extremely cheap - as there was fear argentina would nationalize it. it took 51% share owned by a spanish company and pps is down. i'm surprised you trust east europeans given your history. i don't think you trust the israelis.
i started this thread by saying i an innocent fellow, now do not trust anyone or any investment.
true when you could get 10 or 15% on a bond or a lot on a cd, there was tax and /or inflation and devaluation to worry about.
but i used to think stocks in long run went up 9 or 10%/year.
now i am an old man and don't want to suffer a 40% drop in good solid stocks. it happened to csco, dell, ebay,citi, bank of america, wachovia, wamu, wcom, enron, gm, steel companies, aig, hartford, genworth and many other safe solid stocks. |
