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Gold/Mining/Energy : Big Dog's Boom Boom Room

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isopatch

To: Sailing2 who wrote (187785)	1/6/2015 1:56:03 AM
From: JimisJim	1 Recommendation of 206085

My comments were only about ETFs... I have very little knowledge and zero experience with ETNs and can't speak to them... I do think regular ETFs have a place for many retail investors who don't have the time or are unwilling/unable to perform adequate DD on individual equities -- I think regular ETFs are often preferable to mutual funds for example -- especially actively managed mutuals, but I have nothing but disdain for leveraged ETFs... The discussion I was replying to was about leveraged ETFs, not ETNs -- I admit I'm not entirely clear on the differences as I prefer to do my own DD and buy/sell individual stocks... though I do recall some mention of UWTI -- but I didn't look at it specifically and could not have told you if it were an ETF or ETN -- it's just not in my investment galaxy's radar. In general, I would avoid using any "leverage" in investing that involves credit/debt while the threat of deflation exists as it has since 2008 in the US.

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