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Below my transactions (older than 1 month) from group B: info
Completely exited quickly. I had bought this ETF with a view to NFTs. Early this year, those NFTs started to get quite popular. Many of those NFTs have to be paid with Ethereum. Reason enough for me to buy this ETF. But since the invasion of Ukraine, I've seen NFT sales drop. People are now not thinking about picking up a new hype. It could well become a hype. But it is still too early to invest in this ETF based on that. I see cryptos and also stock markets making a bounce back today (temporarily bouncing up after a significant drop). With this ETF, I'll just use that to get out. We have also seen cryptos react negatively to the conflict in Ukraine. Due to the higher energy costs (oil), mining cryptos will also become more expensive or even no longer interesting. That too is a risk.
Mission accomplished.
This ETF or actually ETN (Exchange Traded Note) does not belong to any group. Reason to place this ETN in each group so that all ETF customers can take note of it. Maybe now it looks like I'm going to invest in cryptos. No, I've never done anything with cryptos myself and I'm not going to do it. So why did you buy this Ethereum crypto ETN? I expect NFTs to become very large. Now it is quite difficult to buy exactly that NFT that will generate a lot of money later on. Too big a risk for me. Nevertheless, I want to be able to profit from the great success that these NFTs are likely to become. After research I found out that almost all those NFTs use the Ethereum blockchain and have to be paid with Ethereum. The reason is that the Ethereum blockchain is extremely suitable for NFTs. The Bitcoin blockchain, for example, is not. Ethereum is currently the absolute market leader among NFTs as a means of payment with more than 95%. There will be alternatives. But it is likely that Ethereum will remain the market leader. So almost everyone who buys an NFT has to buy Ethereum first. If those NFTs become a success, Ethereum will rise sharply due to all those purchases. And that's the reason I'm buying this ETN. But there's more. The energy consumption of most cryptos is huge. Ethereum has the solution. With “the Merge” they will switch to a new type of blockchain in the course of this year. The energy consumption can then be about 1000 times lower and the transaction costs can therefore also be significantly reduced. So with investing in this Ethereum ETN I kill 2 birds with 1 stone. This year, Ethereum will become an extremely low-power crypto that will beat Bitcoin. And the main reason for me; I have a nice spot on the just departing NFT train. Two things are important for a significant increase in this ETN: NFTs must become a great success and even better a hype. Ethereum should remain one of the most widely used means of payment for buying an NFT.
Russia is very dependent on the oil price. I expect a higher oil price in the long term. Based on the oil price, I had still held the ETF. However, there are 2 reasons why I am selling anyway. The new corona cases are still very high in Russia. The damage to the economy will be great. In addition, all stock markets worldwide are very high in relation to the economy and company figures. An imminent decline has a great chance and this ETF will therefore suffer. That's why I took a profit today.
The return target was 25%. The major stock markets have been moving sideways for weeks. The risk of a decrease is increasing. Therefore, time to take a profit.
ETF provider: Lyxor (Societe Generale)
Ticker: RUS
ISIN: LU1923627092
Currency: EURO
Exchange: Euronext Parijs
Russia is affected by the low oil price. Trump and Putin have already discussed solutions. The Americans, the Russians and OPEC want a higher oil price. The only problem is that, to date, not all oil countries are willing to limit production. To enforce widely supported production restrictions, Russia and Saudi Arabia have started producing so much that the oil price has fallen sharply. It will compel countries to negotiate production restrictions. If production restrictions are imposed, the oil price will rise. When the coronavirus is over in a while, the demand for oil will also increase again. So in the long term a higher oil price and that is good for Russia.
Ticker: PAF
ISIN: LU1287022708
This ETF has fallen with other exchanges because of the corona virus. However, the coronavirus is not very common in Africa. Because of the warmer weather, the chances of major outbreaks are also small. Naturally, African exports suffer from less demand from abroad. A number of African countries are very dependent on oil. Still, as long as there are no major coronavirus outbreaks, the impact on the African economy will be not too bad.
The goal was to achieve a 15% return within 1 year. Stock markets have risen very fast in recent months. This rise is faltering. In addition, economic figures from Europe remain moderate. Then it's time to take profit.