consumption
This is how we profited from the war: we bought virtual coins
It was another bad month for our investment portfolio, but just then, following the flare-up between Russia and Ukraine, there was a surprising recovery, mainly thanks to the crypto that the Russians began to accumulate in the face of sanctions.
Roast Greenberg
03/03/2022
Thursday, 03 March 2022, 13:18 Updated: 13:28
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The Russian shelling in Ukraine also attacked most of the capital markets last February and hit our investment portfolio.
However, to our surprise, the geographical investment diversification, along with a smooth routing to the virtual and representative currencies, led it to a positive return, which averaged 1.11% and raised from France our investment portfolio by 11.11%.
The sharp declines in world stock markets were led by the German DAX index, which fell 6.5%, expressing the mood in the European economy, which is dependent on the energy resources of the Russians and fed on the wheat of the Ukrainians.
The Chinese Shanghai index, which has been on a sharp downward trend in recent months, and last February actually rose by 3% against the background of the country's monetary expansion and strength in the international events axis against the background of those experienced in Eastern Europe.
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Forex and cryptocurrencies prevented embarrassment ... Performance of our investment portfolio in February (Photo: Walla !, no)
Chinese Syndrome
Eran Peleg, chief strategist at Clarity Capital Investment House, explained to Walla!
Money and Maariv Business, because "China is perceived as less affected by the dramatic events in Europe.
In addition, investors have noticed that China is one of the few countries that has recently begun a monetary expansion process - in contrast to the current trend among global central banks
. , Yielded a negative return in February as well, following the dominant trend that also dominated in January
, against the background of falling prices and rising expectations of monetary cuts (raising interest rates and stopping quantitative easing by central banks) as part of the fight against rising global inflation. All financial assets, stocks and bonds alike.
Technology stocks (NASDAQ 100), which have experienced increases that have led to high pricing in recent years, have been hit harder than general market indices, even in February. More that stood at about 8%.
It should be remembered that with the Russian invasion of Ukraine in the second half of the month, stocks continued to suffer from high volatility, while the bonds, at least government bonds, which during such periods serve as a 'safe haven' for investors, recovered to some extent. "
Eran Peleg, Chief Strategist of Clarity Capital Investment House (Photo: Arik Sultan)
Rescue from a virtual direction
The recovery in our investment portfolio came from the direction of the Bitcoin and Atherium currencies, which showed the sharpest increase in our investment portfolio after soaring by 12.2% and 8.6% respectively, adding a little green to the bleeding table from losses.
Alongside them, the main representative currencies also rose against the shekel: the dollar rose by 1.3% and the euro by 1.7%, and along with the Tel Aviv 35 index, they constitute our only profitable investment since we opened the 'Race for Yield'
. - The certainty of the US dollar is perceived as a 'safe haven' for investors, and is therefore supported in the current environment.
And although the two major cryptocurrencies have recently been trading in high correlation with stock markets (in a negative trend), the financial sanctions imposed by the West on Russia have led to their rise right towards the end of February.
This is after the sanctions prevented Russia from accessing the international payment systems and led to the collapse of the ruble - the Russian currency, and towards the citizens' spotlight on the crypto as a system of 'bypassing sanctions'.
Russian citizens saw cryptocurrencies as a means of preserving the value of their money, alongside preserving some access to a payment system.
Thus, towards the end of the month, the prices of cryptocurrencies have risen. "
Despite the rise in the price of virtual currencies, our investment portfolio remains a loss, and we are still with NIS 1257.2 less since we started investing. Most of the loss comes All
that
is left now is to hope that March's troubles "hurt" our investment portfolio with the same positive positive return that characterized February, and to pray that the negative trend in the markets will be reversed - and the stock markets change colors from red to green.
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