iShares MSCI Russia Capped ETF (ERUS)

(Top Pick May 26/14, Down 16.09%) This is pre-Ukraine. But Russia has recovered nicely in the last little while. He got out when Russian got into the Ukraine. He is not sure he would jump right in today.

This has a little higher yield at about 1.7% and an 8 PE. When you are dealing with a Russian ETF or Russian stocks in general, you don’t get a nice, steady move up and down. He just thinks this is cheap. At 8X PE, something will drive that economy, which will turn it around and cons one of these sharp moves to the upside, in his opinion. Doesn’t think there is much downside risk at this point. Not a long-term hold.