- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
RSX (Vaneck Russian ETF) still in my portfolio
Posted on 1/24/24 at 4:18 pm
Posted on 1/24/24 at 4:18 pm
I did something stupid that didnt pay off and invested a small, but not insignificant amount in RSX after it crashed shortly after Russia invaded Ukraine. I was winning big at the time and took a risk.
Well, Uncle Sam called my bluff and froze and delisted RSX, but my trading account still has my shares and a total that I invested showing in the account.
Is it gone or can I recover it somehow?
I know, I'm an idiot.
Well, Uncle Sam called my bluff and froze and delisted RSX, but my trading account still has my shares and a total that I invested showing in the account.
Is it gone or can I recover it somehow?
I know, I'm an idiot.
Posted on 1/24/24 at 6:40 pm to lofty
It’s a shame our tyrannical government doesn’t give us the freedom to invest how we wish. I would be buying hand over fist
Posted on 1/24/24 at 6:56 pm to lofty
Keep me posted if you slip the noose
Posted on 1/24/24 at 7:09 pm to Shamoan
I’ve got money in Russian oil stocks too as well as MBT. I’m just riding it out at this point.
Posted on 1/24/24 at 7:43 pm to Shamoan
It’s basically a placeholder to make sure you receive distributions to which you’re entitled.
It’s akin to holding stock or a bond in a company that’s gone bankrupt.
It’s akin to holding stock or a bond in a company that’s gone bankrupt.
Posted on 1/25/24 at 12:44 pm to slackster
lets suppose the war ends. any chance this gets reinstated and my original investment resumes or is it dead in the water?
Posted on 1/25/24 at 5:59 pm to Shamoan
quote:
suppose the war ends. any chance this gets reinstated and my original investment resumes or is it dead in the water?
Sure but the fund has already sold things and distributed it. You should have received cash in the last 2 years.
Posted on 1/25/24 at 9:52 pm to slackster
But I didn’t…so what now?
Posted on 1/26/24 at 7:10 am to Shamoan
quote:
But I didn’t…so what now?
Are you sure?
quote:
The Funds made an initial liquidating distribution to shareholders of a pro-rata share of current liquid assets, less a reserve to cover operating and liquidation expenses for an extended period. The initial distribution occurred on January 12, 2023. In addition, RSX made additional liquidating distributions on July 27, 2023 and September 29, 2023. The Funds may make additional liquidating distributions, although additional distributions may not occur.
Check your statements and activity around those dates.
Posted on 1/26/24 at 4:26 pm to slackster
I’ll check, but it’s still showing in my account as an etf I own.
This post was edited on 1/26/24 at 4:33 pm
Posted on 1/27/24 at 12:08 am to Shamoan
You do still own the ETF as a placeholder if/when they pay out more distributions to existing shareholders.
The value you see is useless as it’s not traded anymore, but you still have a claim to any funds as the ETF is liquidated over time.
The value you see is useless as it’s not traded anymore, but you still have a claim to any funds as the ETF is liquidated over time.
Popular
Back to top
Follow TigerDroppings for LSU Football News