By now everyone know about tragedy in Japan. They need our help and I am sure most of you have already been thinking about helping people in Japan, donating and supporting.
This is from American Red Cross Website - "Those who want to help can go to www.redcross.org and donate to Japan Earthquake and Pacific Tsunami.
People can also text REDCROSS to 90999 to make a $10 donation to help those affected by the earthquake in Japan and tsunami throughout the Pacific."
Another, less conventional way, I am going to do is to invest in Japan ETFs. I was doing research and screening of ETF for my contrarian mid-to-long term ETF strategy this morning and I got a couple of Japan ETFs into my screening results. (EWJ, JOF)
I think those are excellent long term "buy" opportunities. There is going to be a massive spending in Japan to repair or replace everything that has been damaged by the earthquake and tsunami, both at a government and consumer level for months and years ahead. I am long Japan ETFs. This is very small position in my portfolio, as its not my primary strategy. My expectations of EWJ and JOF appreciation within a year or sooner is at least 5-15% and this is how much I am going donate now (in expectation of my future profits) to victims of Japan earthquake.
No comments:
Post a Comment