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To: p friend who wrote (37047)3/22/2010 12:15:56 PM
From: Jurgis Bekepuris1 Recommendation  Respond to of 78520
 
Any fund that is 2x or 3x is a load of crap that might be suitable for traders. None of them are suitable to long term investors, since they never really track the 2x/3x of what they are supposed to track long term. There's too much slippage, losses to options and swaps not perfectly aligning and costs.

Do not buy TMV or any similar shit unless you are a trader and you know what you are getting into.