The saga with Russian DR programs continues to evolve. I posted a note on Automatic and Forced Cancellation as notified by the depository BNY Mellon on mid-last month. Today BNY Mellon has published the below important update on the automatic conversion of Russian ADRs. As the deadline nears for the cancellation of these ADRs, many …
Continue reading ‘Update to Automatic Conversion of Russian ADRs’ »
One of the strategies for building long-term wealth is to invest in stocks. While there are many markets to invest in for American investors, the US equity market has generated excellent returns in the past and continues to remain strong. In a recent post, I noted how US stocks as represented by the Dow have …
Continue reading ‘Calendar Year S&P 500 Index Returns 1926-2021: Chart’ »
Similar to the S&P 500 Index, the FTSE All-Share Index for the UK equity market has also generated positive year-end returns in most of the recent few years though the intra-year declines was negative. The following chart shows the intra-year highest declines vs. year-end calendar returns for the FTSE All-Share Index from 1986 to 2022 …
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Major Oil companies are profiting from the sky-high crude oil prices this year. Recent quarterly reports from these firms showed the astonishing profits they earned. Brazilian oil giant Petrobras(PBR) is no exception. On July 28, 2022 Petrobras reported excellent results for 2Q, 2022. Net Income soared to US $10.5 billion, a 26.8% rise from the …
Continue reading ‘Quick Note on Upcoming Dividends from Petrobras’ »
Equity markets can be volatile in the short run. But traditionally they tend go higher in the long run. That is why it is always wise to hold stocks for the long term. The following chart shows the annual total returns of the S&P 500 from 1926 to 2020. The histogram shows the number of …
Continue reading ‘S&P 500 Total Return Ranges by Year from 1926 to 2020: Chart’ »