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Gold/Mining/Energy : Big Dog's Boom Boom Room
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To: Elroy Jetson who wrote (187779)1/5/2015 10:10:24 PM
From: ChrisGillette  Read Replies (1) of 206085
 
<<Notice with UWTI, you would have lost 92.4% of your capital as the price of oil declined (most of it due to time decay from expenses)>>

Thank you for the responses. The UWTI example seems a bit unfair as it's a 3x levered fund (i.e, wouldn't you expect disaster when you're 3x levered and the underlying position's value declines by 50%?)

I think I'll avoid leveraged funds as well as individual companies. Too much risk.

Just looking for a way to profit from WTI/Brent prices reverting to the mean, which I figure will generate a 50% return in 2-3 years.
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