Pastrami on Rye Message Board

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Pastimes : Pastrami on Rye

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To: Mike McFarland who wrote (367)	3/2/2020 8:00:00 AM
From: Mike McFarland	Read Replies (1) of 379

I have to say, when the market is this volatile, this idea would probably be just one of dozens and dozens of ideas for trading--I have not followed any stocks or ideas for years except this one that periodically pops into my head when I see interest rates down and 'record lows' for this or that. I was first introduced to money, banks, saving and such when interest rates were very high in the mid to late 1970s. That shaped how I've thought about rates my whole life--CDs that paid ten percent seemed pretty good! Later, I was delighted to pay a rate of only 7 5/8% on my first mortgage loan, which of course was refinanced down into the 5% area and paid off well before rates looked silly low as they have the past decade. Those ETFs Direxion Daily 20+ Year Treasury Bear 3X Shares (TMF) Direxion Daily 20+ Year Treasury Bull 3X Shares (TMV) Direxion Daily 7-10 Year Treasury Bull 3X Shares (TYD) Direxion Daily 7-10 Year Treasury Bear 3X Shares (TYO) Here are some bits that I would want to research some more--what sort of hidden costs rather than dividends would be part of that third item for the bear funds in particular (I seem to remember that the bear funds lose value over time even if rates were exactly flat for a long time). The ETFs seek to return a multiple of the benchmark indexes for a single day are not designed to track their respective underlying indices over a period of time longer than one day. Shares of the Direxion Shares are bought and sold at market price (not NAV) and are not individually redeemed from a Fund. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense reimbursements or recoupments and fee waivers in effect during certain periods shown. Absent these reimbursements or recoupments and fee waivers, results would have been less favorable.

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