Tuesday, July 28, 2009

Bans on leveraged ETFs

Well, well, well....

A few brokerage firms have recently banned the sale of leveraged ETFs to their clients.
At least three brokerage firms have decided not to sell leveraged exchange traded funds a month after the Financial Industry Regulatory Authority Inc. warned brokers that they “typically are unsuitable for retail investors” who hold them longer than a day.
Hat tip: Bespoke Investment Group.

Monday, July 20, 2009

Fourty Years Ago Today

Wednesday, July 08, 2009

Grizzly Time

I've just put in an order to buy GRZZX with 50% of my Roth IRA. I think the purchase price will be today's closing price.

For those who don't know: GRZZX is a mutual fund which sells stocks short, meaning it goes up in price when the market falls.