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/biz/ - Business & Finance

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12927788 No.12927788 [Reply] [Original]

Should I buy shares in the Swiss National Bank?

https://finance.yahoo.com/quote/SNBN.SW/

It manages already $800 billions in foreign assets thanks to them printing CHF like there is no tomorrow. They have huge positions in international stocks, including billions worth of Apple.
It it was a sovereign fund it would be the 4th largest in the world, almost on par with the Norwegian sovereign wealth fund, which made its wealth with oil. And it grows faster than any of them.
Also looking at the price history it seems there are a lot of speculators already building up massive positions, finally realizing how undervalued this stock is.

>> No.12927834
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12927834

>>12927788
>>50% drop after parabolic rise
>>not making a new higher high, dead cat bounces in a straight line to fuck shortsellers
>>absolute ded volume profile

anon, I...

>> No.12927857

>>12927834
You're missing the point. It's not a crypto, you can't just look at technical indicators.
It's about the assets they own vs their market cap.
And also the fact they are playing a completely rigged game since they're printing CHF out of thin air and selling it to plenty of international investors that fall for the Swiss stability meme.
It's basically a FED that you can own.

>> No.12927892

>>12927834
>>12927857

To complete my answer they cannot lose long term, since the whole financial legal system of Switzerland is designed for them to be winning.
So it's like buying the safety of a Swiss government bond with the upside potential of a hedge fund.

>> No.12927903

>>12927857
You absolutely can look at technical indicators, all of wall street looks at technical indicators memecoins it stock it doesn’t matter.

>> No.12927925

>>12927903
My point is that you can't just dismiss the stock based on that.
It is still hugely undervalued if you look at fundamentals.
When you buy this stock you buy a share of their huge change reserves at a discount, and a huge potential for future profit since they have a legal edge over all businesses.

>> No.12927957

>>12927788
>print money out of thin air
>buy stocks
>if your stocks fall, print more money to prop up the price
>literally cannot lose
why are they allowed to do this?

>> No.12927974

>>12927957
People like Soros would trounce the Swiss currency if they really got greedy like that.

>> No.12927999

>>12927957
It is possible because plenty of people see Switzerland as a safe haven, and want to buy always more Swiss Francs to protect themselves, as if they were buying gold. If international investors weren't buying that much CHF, the printing would lead to hyperinflation, like in Zimbabwe.
Also because 2/3rd of the SNB is owned by the Swiss cantons. And the Swiss cantons are the ones who design the laws.

Basically by buying a SNB shares you're getting on board with a club that will never be allowed to lose, since they can always change the laws.

>> No.12928918
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12928918

>>12927999
Or they're trying to get you to buy their bags so they can finish buying up all the properties and physical assets.

>> No.12929023

>>12927974
and ironically they're seen as so safe that you literally have to pay THEM interest at the current time in order to lend them your money. they are the least at risk in this area as demonstrated by their negative interest rate

>> No.12929279

>>12929023
The whole system is fucked