Want a sure way to lose 100% of your capital? Invest in Ukraine. Ukraine offers huge state firms to foreign investors
Ukraine said Thursday it would offer nearly 350 state firms for sale to foreign investors at an upcoming US conference aimed at saving the war-shattered country’s imploding economy
You will lose your money for two reasons.
- About 75% of the time I have done business in Ukraine, people have tried to scam me one way or another. And that was during the good times. The only thing that saved me is being fluent in Russian while pretending that I am a “clueless” American. It is quite an experience when people across the table are having a heated discussion on how to scam you better without realizing you know what they are saying.
- In my analysis, it is just a matter of time before Ukraine falls apart and/or falls back under the Russian control. Putin is playing a long-term game here. He will not let Ukraine fall into NATO/EU hands and he is willing to go into an all out war with the latter to make sure that doesn’t happen. That means it is just a matter of time (maybe years) before some sort of a Russian backed poppet government is back in place. When that happens, all of the above investments will go “Poof”.
I reiterate, only a fool would invest in Ukraine at this juncture. Then again, there are a lot of fools out there.
