Might I ask what motivated you to take the leap of faith with Petrobrás? Was it the change of administration in the Brazilian government? I mean, Petrobrás' management did improve leaps and bounds and it's no longer a Soviet 100% controlled by the Labor Party's appointees, but it's never gonna be a serious competitive company while it's still mostly owned by the Brazilian state.
The dividend yield was good and I wasn't feeling great about adding more to Microsoft like I usually would. I definitely wanted more exposure to oil so I chose from a few options.
I could have gone for Eni, BP or Shell but I decided against those. Europe is unlikely to be a good place to invest. Exxon Mobil was a possibility but I haven't had a good history investing in it.
I thought about following Warren Buffett into Chevron and Occidental, but I decided on Petrobras for the dividend yield as I plan to hold long term. In hindsight, it had more to fall than I expected. I bought in a little after the ex-dividend date for the price drop that comes from that, but it has followed the rest of the market downwards.
Still a long time left in this year to turn it around. Despite some questionable moves, I'm still beating the indexes and that shitty feminist SHE ETF this year.
Really, that's all I want to do this year. It's a clear bear market, but if I beat the indexes and that virtue signal crap, I'll be happy even when I'm losing.
Thank you for the detailed answer. I don't know shit about the stock market though. It's just that Petrobrás' situation has been a hotly debated issue in Brazil for the last few years (and one directly tied to politics). I was just surprised to see a foreigner completely disconnected from local politics investing in it (even though I know there are countless foreign shareholders). Pretty to see you talk about this subject too, you seem like you know your shit.
Might I ask what motivated you to take the leap of faith with Petrobrás? Was it the change of administration in the Brazilian government? I mean, Petrobrás' management did improve leaps and bounds and it's no longer a Soviet 100% controlled by the Labor Party's appointees, but it's never gonna be a serious competitive company while it's still mostly owned by the Brazilian state.
The dividend yield was good and I wasn't feeling great about adding more to Microsoft like I usually would. I definitely wanted more exposure to oil so I chose from a few options.
I could have gone for Eni, BP or Shell but I decided against those. Europe is unlikely to be a good place to invest. Exxon Mobil was a possibility but I haven't had a good history investing in it.
I thought about following Warren Buffett into Chevron and Occidental, but I decided on Petrobras for the dividend yield as I plan to hold long term. In hindsight, it had more to fall than I expected. I bought in a little after the ex-dividend date for the price drop that comes from that, but it has followed the rest of the market downwards.
Still a long time left in this year to turn it around. Despite some questionable moves, I'm still beating the indexes and that shitty feminist SHE ETF this year.
Really, that's all I want to do this year. It's a clear bear market, but if I beat the indexes and that virtue signal crap, I'll be happy even when I'm losing.
Thank you for the detailed answer. I don't know shit about the stock market though. It's just that Petrobrás' situation has been a hotly debated issue in Brazil for the last few years (and one directly tied to politics). I was just surprised to see a foreigner completely disconnected from local politics investing in it (even though I know there are countless foreign shareholders). Pretty to see you talk about this subject too, you seem like you know your shit.