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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: GROUND ZERO™ who wrote (2459)	12/16/2014 4:55:57 PM
From: robert b furman	Read Replies (2) \| Respond to of 26875

Hi GZ, wondering how much 100 shares cost like 100 spy = 19,798.00 When you buy 100 spxu what happens to your account? This can be done in a stock account but a futures account is different?? Bit of a numbskull in this. Thanks

To: GROUND ZERO™ who wrote (2459)

12/16/2014 5:14:50 PM

From: Kirk ©

Read Replies (1) | Respond to of 26875

I don't trust any of those inverse funds...

SPXU is a 3X short the SP 500 Index, that's my preference when I don't trade the futures contract, more bang for the buck.

My guess is most of the long-term banging is done to those who purchase it and the bucks go to the operators.

Fund Operations finance.yahoo.com

Annual Report Expense Ratio (net) = 0.92%
(Probably doesn't count the cost of slippage or the cost of dividends owed, roughly SPY dividends x3 )

Shouldn't this be a straight line?