I have held issues in a Roth account where the foreign tax is not withheld.
While I haven't held foreign stocks directly or "semi-directly" (via ADRs or GDRs), ISTM that the withholding of foreign taxes on stocks mirrors that of foreign taxes on mutual funds. That is, the foreign taxes are withheld before you or your IRA ever sees the div. You just get the net.
Morningstar (Christine Benz) writes:

Things start to get really wonky when you hold a foreign stock or foreign stock fund in an IRA or other tax-sheltered account. If a foreign stock that you own--either directly or indirectly via a foreign stock fund or exchange-traded fund--pays you a dividend, your taxes due on that payout will be withheld by the foreign government, reducing your payout accordingly, as discussed [in the paragraph discussing foreign stock in a taxable account].

https://www.morningstar.com/articles/914550/should-you-keep-foreign-stocks-out-of-your-ira
There's a lot more detail here:
https://www.dividend.com/portfolio-management-channel/how-does-taxation-of-adr-stocks-affect-investors/
That page reiterates what Ms. Benz wrote:

Typically, tax-deferred accounts are great strategies for investors who do not have to worry about the tax implications of dividends. However, ADRs still require withholding, regardless of the type of account it is held in.

Regarding the divs from NRDBY, Crash gave a source for divs. That shows a div every year, and two in 2021 including one with an ex-div date of Oct 4, 2021. See also:
https://www.dividend.com/stocks/financials/banking/banks/nrdby-nordea-bank-abp-adr/ (click on "view all payout history")
If your source is showing no div for 2019 perhaps that is due to the reverse merger (and relocation from Sweden to Finland) that took place in late 2018. I don't know; I'm just pointing out a nearly coincident singularity that could have affected the source's tracking of divs through the transition.
https://www.globenewswire.com/news-release/2018/10/01/1587511/0/en/Nordea-Bank-AB-Completion-of-Merger.html

My experience with distributions (dividends) from European ADR holdings is that they tend to be quite erratic in amount and timing unlike the even sum quarterly distributions US stocks deliver.
For example here is the 5-yr history of dividends from NRDBY:
Mar 16, 2018 0.845 Dividend
2019 - none
Mar 26, 2020 0.446 Dividend
Feb 19, 2021 0.084 Dividend
Mar 25, 2022 0.781 Dividend
Bottom line is that dividends (if any) are what the company says they are if and when they feel like distributing one. Also, if you hold them in a taxable account they can be a nightmare come tax return filing time. You may or may not receive what you think you should because of foreign tax withholdings. I have held issues in a Roth account where the foreign tax is not withheld.

Toe be clear the chips bill has been in the works for quite some time now.
Also for the record it was her husband Paul who is making the trades "Paul Pelosi trades tens of millions of dollars worth of stock and stock options each year, federal records indicate."
From the Insider report:
"Speaker of the House Nancy Pelosi's husband, Paul Pelosi, exercised millions of dollars in NVIDIA call options and sold large quantities of Apple and Visa options and shares in late June, according to a new congressional financial disclosure.
Paul Pelosi exercised 200 call options, or 20,000 shares, of NVIDIA worth between $1 million and $5 million, according to the disclosure, which Nancy Pelosi filed Thursday with the House of Representatives.
Paul Pelosi also sold 10,000 shares of Visa worth between $1 million and $5 million and sold 50 call options in Apple valued between $100,000 and $250,000."
There is still no guarantee that the bill will be passed.

Barron's Midyear Roundtable has several fund ideas. LINK
COVER STORY, “What to Buy Right Now: 42 Picks from Barron’s (Midyear) ROUNDTABLE Pros”. A report card of prior hits/misses is also included.
Tod AHLSTEN/Parnassus CIO & PRBLX: VRSK, MMC, ICE, AMAT. Opportunities in the downturn.
William PRIEST/Epoch Inv Partners: TMUS, DTEGY, TSM, LSXMA, DE
Rupal BHANSALI/Ariel CIO: DIISY, BAP, BBSEY, BIDU, ELEZY, SNMRY, PM. Likes Lat Am & Europe over US; prefers dividend payors.
Henry ELLENBOGEN/Durable Capital: INTU, TEAM, DUOL. Likes quality-growth.
Abby Joseph COHEN/Columbia U: LG Chem, FANUY, BKNG, JWN. No recession in 2022 or 2023.
Scott BLACK/Delphi: CACI, CB. Shallow recession is already here (notable early projection). Avoid story stocks with low/no earnings. His SP500 earnings est $219 only.
Sonal DESAI/Franklin Templeton FI CIO: CPREX, FHYVX, GLFOX, EAPCX, FRIAX; ETF SRLN. No recession in 2022/H1 or 2023/H1, may be in 2023/H2.
Mario GABELLI/Gamco: CNHI, AJRD, HRI, BATRA, PARA, SBGI, DRQ, HAL. Mild recession. Despite volatility now, 2023/H1 looks promising for US, Europe, China.
Meryl WITMER/Eagle Capital: SLVM, DFIN, EEFT
David GIROUX/Price CIO & PRWCX: FTV, NXPI, GE, TEL. Mild recession. Overweight – IT, industrials; underweight – consumer-staples, utilities; leveraged-loans still OK.
Part 2 will mention some Japanese funds (feature by @LewisBraham). Edit/Add LINK2
FUNDS. After years of deflation, JAPAN is seeing some inflation due to high oil prices and supply-chain disruptions. The BOJ is continuing its easy monetary policy until the inflation target of +2% is met, and yen has collapsed. Japanese funds are attractive: GMAHX, HJPNX, MJFOX, PRJPX; ETFs EWJ, EWJV, DFJ.

@carew388.... Thanks for the look-see. Another different view, from WSJ:
yield is 11.76%
latest div. = 75 cents.
https://www.wsj.com/market-data/quotes/nrdby

NRDBY. Div. Payout Ratio of 170.28?????? How can they manage that before it all implodes from within? Current div. yield is over 18%. Crazy nuts. Is this thing worth bothering with? The Nordics are stable, equitable societies, politically, socially, educationally. Nordea has Wealth Management service offices and other connected stuff present in a big bunch of countries, including NYC.
https://www.morningstar.com/stocks/pinx/nrdby/dividends

@hank : I'll restate my comment. Is it time to leave the market & invest elsewhere. Is it possible Mr. Market will take more than a break & & wallow for a number of years in a quagmire ? Until the easy money flows no more & the Fed pulls it head out of it's a.., I see no relief in sight.
Hope I'm wrong, Derf

:) :) - Would some other folks please address? I seem to have lost my crystal ball. From a linguistic standpoint @Derf’s insertion of “is it possible?” would seem to require an affirmative response.
Was it Patrick Henry who demurred “I know of no way to judge the future but by the past”? That’s true of many things in life. There’s a rich history of equity, bond, real estate activity dating back at least to 1929. I still remember exactly where I was and what I was doing in 1987 when the Dow fell about 25% one afternoon.
I’ll share a couple biases here: I don’t pay a lot of attention to forecasts in making investment decisions. Even if a particular forecast (inflation, interest rates, GDP, recession, etc.) proves correct, it’s likely those much brighter, more sophisticated and better informed than we have already preemptively acted on that forecast (driving asset prices) before we can. Another bias: An object in motion tends to stay in motion. Very true of different assets today. Folks continue to pile into winning positions. SARK has likely attracted far more assets in recent months than ARKK. This pushes assets to extremes. True of many other assets. Of course, eventually a rolling ball strikes a wall. It it’s a snowball it has picked up mass and momentum along the way. You get the idea …
-
@Derf is one of our most respected and informed posters. He raises interesting questions. To me they relate to the central question of why we invest. Mostly I view my own modest assets as long term contingency reserves that may or may not be needed before I depart for the lovely Andromeda Galaxy. Withdrawals to supplement SS and pension are small compared to the nest egg. Your needs / reasons for investing might be completely different.

Bloomberg has two columnists with close to opposing views. I am pretty sure you need to subscribe to read these but
https://www.bloomberg.com/opinion/articles/2022-07-14/how-many-months-until-the-fed-brings-inflation-nearing-double-digits-to-a-peak
Takes the view that inflation will continue until there is a sever recession, implying significant more ( 20%) downside
He points to "sticky" inflation ie large ticket items that are harder to reprice quickly like gas and food, is starting rise quickly, and rents are usually reset on yearly leases
Still the expected fed funds hikes have not increased much since February and still predict cuts in 2023. The market clearly thinks "peak" inflation is in sight but the question is how far ahead and does it destroy economic growth in the process and lower earnings take the market down much further
The opposing view
https://www.bloomberg.com/opinion/articles/2022-07-13/inflation-alarm-bells-are-actually-getting-softer
"Bond investors showed that they expect inflation to cool by betting that the gap will narrow between the yield of inflation-protected US securities and ordinary Treasury bonds. The rates on these bets actually plummeted on that day, with the two-year breakeven measure falling to 3.29% from 3.45% and the 10-year rate declining to 2.34%, the lowest point since 2021, according to data compiled by Bloomberg."
And Consumer surveys show most expect even gas prices to be much lower in the years to come. Most are in fairly good shape economically as long as prices come down

Markets don't move in a straight line. So, yesterday was down (although not that bad) on lot of negative news, but they are happier today. Anyway, mid-June lows stand so far. Charts are from 1/4/22 top - 1st for major indexes, 2nd for some generally thought conservative stuff (moderate-allocation, core & core-plus bonds, ST bonds).
https://stockcharts.com/h-perf/ui?s=$SPX&compare=$COMPQ,$INDU,$TRAN,IWM&id=p86291292782
https://stockcharts.com/h-perf/ui?s=VWELX&compare=VBINX,BND,FBND,BSV&id=p74410558285

Thanks. I prefer to buy new issues, especially in rising rate environment. In two more week, the Fed will likely to raise rate by 100 bps. New CD yield will keep rising.

From an earlier posted by @yogibb earlier,
Fed fund futures market is going haywire showing 80% for 100 bps, followed by 75, 25, 25 to end at 3.75-4.00% in December.
https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

Keep your seatbelt on. It is going to be a rough ride.

A thought to hash over. If & when the holders & nibblers get back to even will you cash out & go to something with less risk ? I've started to buy a few CD's, buy just maybe it's time to do some more nibbling. ???

@Derf - I do not think in terms of “getting back to even.” Why would you pick an arbitrary starting point (ie 3 months back, 1 year back) and than feel somehow beholden to it? Investing is a long term process (if not life long). I suspect you and many others here have been very successful investing over many years.
To the question of adding risk incrementally during less expensive markets and than taking it off the table when the plate overfills, that’s pretty much been standard operating procedure with me for decades. If you try to remember that you are buying companies that you believe have good long term prospects based on current valuations as well as a modicum of hard assets that might protect you during a prolonged price spiral, than you don’t worry much about “loosing” money over 1 or 2 years.
I think a lot of traditional investment maxims have been thrown out the window by a great many investors over recent years … some of them coming home to bite now.
- Don't invest in stocks if you’re going to need the money in less than 5-10 years,
- Diversify broadly across asset classes and geopolitical regions,
- Stay away from highly levered products or ones that you don’t fully understand,
- Keep a healthy cash reserve so you don’t need to sell more volatile assets during times of stress,

From sfnative “I've been dribbling money in, to absolutely no positive effect thus far.”
Not to quarrel with your assessment or timing methodology …
But a reminder to all that it took roughly 15 months for the last bear market to reverse course. Fell from the fall of ‘07 (October methinks) until turning up in March 2009. And that 15 month time span was considered “brief” by historical norms.
One never knows.

Please find link to charts and video here.
Thank you!

Dan Rosenberg has lately asserted in an interview we may get to 3,100 in the SP500. Just kill me now. (?????!!!!!). The thing to do, maybe the ONLY thing to do right now, is to hang on tight and keep a long-range view in mind.

It has been a pretty long stretch already with poor Sentiment (a contrarian indicator).
Q2 earnings season has bad reports from big banks (JPM, MS, etc).
Then we have 75-100 bps rate hike by the FOMC in about 2 weeks.
Will mid-June market lows hold or are we going below?
Keep seatbelts ON and hang on tight.

Indeed.

Cheer up! Other than inverse funds, TROW is the only thing I own or track that gained today. Up 10 cents to $111.63. (I do not own it.) That said, it’s down over 42% YTD.
For perspective, both PRWCX and PRSIX are down over 14% YTD.
At risk of being X-Rated …

Sven most of the CD's are at Fidelity-1 is at Schwab but Fido seems to have a better selection.

@RisklessInSeattle
I know about the use of 1031's; but this transaction is not flipping land into another similar investment.
Regards,
Catch

I didn’t want to start a separate thread, so hope no one minds by adding some possibly related thoughts … (2)
- Maybe I’m naive, but I’m sensing some kind of capitulation in the broader equity markets just staring at the numbers, including a 600 point early morning downdraft in the DJI today. Personally, I’ve been adding bits and pieces across the board to various types of equity holdings, including a recent stake in ARKK. Albeit, I may be completely wrong. Furthermore, even should the markets stop or slow their rapid decent, there’s no assurance they won’t later fall much further.
- I spoke to an acquaintance yesterday who has been retired 10 years with no pension. Surviving on Social Security. Little in savings. Owns a home. Not a very prudent course financially of course! However, did very well managing $$ during the past decade of inflation (0-3% as measured by the CPI). Individual is utterly “lost” in this new era of 8-9% inflation. Have to feel for folks like that. Perhaps this anecdote relates to the “Sentiment Index” in some small way.