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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: rabcat who wrote (13454)	11/5/2000 1:07:47 AM
From: OldAIMGuy	Respond to of 18928

Hi Rabcat and welcome, I'm officially oldcat as far as my email goes! All indications are that if you have the $$$$ that it's best to trade UOPIX directly with Profunds rather than through a brokerage. Reasons are 1) you can wait until about 5 minutes before the market close before making your decision on the trade. 2) There are no fees and the minimums for each transaction are acceptable (I believe $1000 per trade). 3) No fees. Against are the fact that you need $15,000 minimum in the account to open a direct Profunds account. This applies to taxable accounts but I don't think it applies to retirement accounts. I'm sure someone will correct me if I'm off on this stuff. Another aspect about UOPIX that has only been briefly addressed is the level of risk. When you own shares of QQQ you essentially own a portion of the Nasdaq 100 index stocks. With UOPIX, it's not entirely clear just what one owns! It would be nearly impossible for QQQ to go to zero value. It's not impossible for UOPIX. A 50% decline in the Nasdaq 100 is a 100% loss in UOPIX. Hope this helps, Tom