Thursday, February 05, 2009

A small sip of water

A tip from Carl- invest in water. It's getting hot out there (well, not here, but in

the Al Gore PANIC! sense) and people are thirsty. It seems logical. I think there will be a simple desalination solution soon, but it will take a big company to connect it to the infrastructure.

There isn't an easy way to directly invest in water itself, unless you build a resevoir or something, and that's not that easy. So, I bought 250 shares of a global "water industrial complex" ETF today. (CGW). A small sip of water, but the fund seems to be a fairly close proxy for the global stock index, it's not really performing as a sector. Still, the chance of one of the major holdings have a big up year soon seems pretty good.

We'll see how it goes.

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