(RSX) Market Vectors Russia ETF – Up 14% in 2 months

Previously I said investing in Russian Bonds was a good idea.  It turned out to be right as Russian bond yields have come down considerably as you can see here http://www.tradingeconomics.com/russia/government-bond-yield

Russian businesses are highly undervalued at 1 – 3 times earnings (PE, Price/Earnings Ratio).  Meaning your buying businesses at 80 – 90% off based on that metric.  There is reasons for this such as the fact that Russia is a highly corrupt place but still India is corrupt and businesses are fairly valued.  Its moreso the reason because of the fact that Russians in some sense are Eur-Asians.   Russia is both in Europe and Asia at the same time, but who knows what im talking about on this front im just a financial analyst.

Right now Market Vectors Russia ETF (RSX) has a 3.59% trailing yield which is pretty good, it will probably be more than that this year but who knows.

Im still in RSX and may get out at any time but ill probably be in this for another 3 – 24 months at the least.

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