For those of us with IRAs , it's been a tough year and half to make our accounts grow. Since IRA accounts are prohibited from going short stocks, I was forced to go into a Mutual Fund that shorts NASDAQ 100. It's done well to say the least, but the rate of decline in the overall market indices has to slow down or else everything will be in penny stock land.
I believe after some more dramatic falls in the near future, we are going to have many gyrations in the market with individual sectors leading short mini-rallies only to fall back down again as people mistakenly try to guess the bottoms in various sectors. Over the long run (years), we are pretty much going to be range bound with a slight bias to the downside. Therefore, the profits will come from riding the small rallies in individual sectors and subsequently shorting them. I know there are plenty of Funds that go long sectors.
BUT, DOES ANYBODY KNOW OF A MUTUAL FUND FAMILY THAT HAS FUNDS THAT SHORT SECTORS (REAL ESTATE, BANKS, ENERGY, PRECIOUS METALS, SEMIS, TECHS, etc.)
ANY HELP WOULD BE APPRECIATED.
Good trading,
ams
Has anybody else noticed when MunderFunds heavily advertises one of their sector funds, it's at the top of that market. It happened with their NetNet Fund, then the Biotech Fund, now it's the Real Estate Fund (Mutual:MURAX). Check it out, it's been in a free fall for a month since they launched the Real Estate fund commercial.
It's uncanny. |
