profunds etf real interesting

[mathjak107]

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]

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]

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