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Non-Tech : Kirk's Market Thoughts
COHR 187.81-2.0%12:50 PM EST

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To: GROUND ZERO™ who wrote (2459)12/16/2014 5:14:50 PM
From: Kirk ©  Read Replies (1) of 26880
 
I don't trust any of those inverse funds...
SPXU is a 3X short the SP 500 Index, that's my preference when I don't trade the futures contract, more bang for the buck.
My guess is most of the long-term banging is done to those who purchase it and the bucks go to the operators.

Fund Operations finance.yahoo.com
Annual Report Expense Ratio (net) = 0.92%
(Probably doesn't count the cost of slippage or the cost of dividends owed, roughly SPY dividends x3 )

Shouldn't this be a straight line?

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