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Politics : Ask Michael Burke
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To: SeaViewer who wrote (103141)1/11/2006 10:29:24 AM
From: Knighty Tin  Read Replies (1) of 132070
 
They make me nervous as we approach a new multi-year high in the indices. Yes, they will get whacked if the S&P declines. BEP will do better in a down market, because it is not leveraged. It will way outperform the index, but still lose.
BEO is leveraged, so it may underperform the index on the downside.

The good news is, these funds have burned off their initial commissions and are now at discounts. Performance on an NAV basis has been solid, but down on a share basis.

I am more inclined toward IGD, which has two advantages: 1. They are global investors, so you get some money out of The Bush Peso. 2. They will buy puts under a large portion of their positions.

IGD will also decline if the S&P hits the skids, but should take much less of a hit.
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