profunds etf real interesting

mathjak107 · 05-29-2006, 05:00 PM

profunds announced some new etf's awaiting approval..real different...there are 3 versions..the first version is a leveraged fund that will double what the market does,if market rises 2% funds up 4%..
there is a bearish version..if funds drop 2% fund will be up 2%
3rd version is a highly leveraged bearish fund..if markets drop 2% fund will gain 4.....sounds interesting for speculating or hedging stratagies...not for investment purposes in my opinion....

2B · 05-29-2006, 05:25 PM

I agree they are not for investors. It seems like every time I gamble I have trouble carrying home all the private parts that get cut off.

d · 05-29-2006, 06:07 PM

great!* now all I have to do is be correct in my predictions! oops..... just droped my crystal ball.* drat.

05-29-2006, 05:00 PM	#1
mathjak107 Thinks s/he gets paid by the post Join Date: Jul 2005 Posts: 2,430	profunds etf real interesting profunds announced some new etf's awaiting approval..real different...there are 3 versions..the first version is a leveraged fund that will double what the market does,if market rises 2% funds up 4%.. there is a bearish version..if funds drop 2% fund will be up 2% 3rd version is a highly leveraged bearish fund..if markets drop 2% fund will gain 4.....sounds interesting for speculating or hedging stratagies...not for investment purposes in my opinion....

05-29-2006, 05:25 PM	#2
2B Thinks s/he gets paid by the post Join Date: Mar 2006 Location: Houston Posts: 2,243	Re: profunds etf real interesting I agree they are not for investors. It seems like every time I gamble I have trouble carrying home all the private parts that get cut off. __________________ The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane -- Marcus Aurelius

05-29-2006, 06:07 PM	#3
d Thinks s/he gets paid by the post Join Date: Apr 2006 Posts: 1,453	Re: profunds etf real interesting great!* now all I have to do is be correct in my predictions! oops..... just droped my crystal ball.* drat.

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