Rydex Nova/Ursa, Make money in both up and down markets. Message Board

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Strategies & Market Trends : Rydex Nova/Ursa, Make money in both up and down markets.

RYURX 94.77

+0.8%

Dec 31 4:00 PM EST

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To: Cage Rattler who wrote (158)	9/9/1998 9:01:00 AM
From: Raymund W	Read Replies (1) of 195

Thanks, Richard and Ted, for your advice. Do you find it easy to switch between Ursa and Nova? How would it compare to, say, going long and then short on Diamonds on the Dow or SPDRs (on AMEX)? I suppose if one is bullish, the Nova fund does amplify gains, so that must be one benefit. Are the funds expenses high? Are there any hidden costs, like at redemption? BTW, right now I am somewhat bearish, but I think the market will whipsaw back and forth. I think it will be down come late next year, but that's only IMHO. Again, thanks in advance for any comments. Ray

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