Japanese Housewives Need Investment Analysis, Too

Author:
Updated:
Original:

Why work hard and get yelled at by asshole hedge fund traders when there is a much larger, much more polite audience for your analysis, willing to pay ten bucks per report?

Harada gave up more than $250,000 in salary, an office overlooking Tokyo Station and a bank directorship to write equity research reports for Japan’s housewives from a room the size of a cubicle.

Bored with churning out fodder for hedge funds, the technology analyst left Citigroup Inc. in February 2013 to start a website for investors still interested in buying and holding stocks and who are in need of advice: households....

Emboldened amid the Nikkei 225’s 57 percent surge last year, Harada and Ryosuke Izumida, a former fund manager at Fidelity Investments in Tokyo, hired 10 analysts from some of Wall Street’s largest firms to start Longine.jp, selling stock reports for the price of a box lunch, about $10. The site has drawn about 4,000 members since opening in June, Harada said.

Japan Housewives Pitched Stocks by Former Bank Analysts [Bloomberg]

Related

shinzo abe

Japanese Economy Ministry Making Totally Innocent, Non-Threatening Phone Calls To Foreign Toshiba Shareholders

It just wants to make sure they are sure they wanted to vote against management, and also that they’ve read the rules about acting in concert.

stevecohen6

Steve Cohen Commissioning Super Duper Sushi Truck

The Point72 chief needs an appropriate way to celebrate all of the money he’s going to make in Japan.

ghosn

Carlos Ghosn: Music Lover

They’ll be writing folk epics about the man in Lebanon for generations.

singer-apocalypse

French Regulator Doesn’t Have To Understand What Paul Singer Did To Know He Did Something Wrong

The Japanese, on the other hand, are proving a bit more open because, you know, SoftBank.