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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club -- Ignore unavailable to you. Want to Upgrade?

To: Gary D who wrote (14110)	6/21/2000 11:02:00 PM
From: Gary D	Respond to of 15132

"Because of Profunds' p*ss-poor USPIX performance, I plan on using Rydex to go short in my IRA" In response to a caller last weekend asking what is the best way to go short in an IRA, Bob mentioned the "short" mutual funds. But he cautioned that one should check the past performance when selecting the fund, as such funds can sometimes fail to meet their objectives. He suggested looking into the Rydex family. Rydex's four new "Dynamic Funds" which are highly leveraged (twice the performance of the Naz100 and S&P500, and twice the inverse of the Naz100 and S&P500), are apparently still not widely available. I checked with both Rydex and Schwab, and was unable to get any time frame; although it is expected they will be available at some point. However, Rydex's funds which are intended to perform inversely to the S&P500 ("Ursa"-RYURX), and Naz100("Arktos"-RYAIX), are I think widely available. They are a lower-leverage alternative to the ProFunds short funds such as USPIX. And I'm cool with that. A combination of such funds might be the best way to go, so that if any one fund is a poor performer (in terms of achieving its objectives), its impact on the portfolio is minimal.