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profunds etf real interesting
Old 05-29-2006, 04:00 PM   #1
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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....

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Re: profunds etf real interesting
Old 05-29-2006, 04:25 PM   #2
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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.

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Re: profunds etf real interesting
Old 05-29-2006, 05:07 PM   #3
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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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