FanboyOf91 Posted April 7, 2009 Share Posted April 7, 2009 Right. And long term I believe the SSO is a better investment. Read this now. SSO is a leveraged ETF and isn't meant for long term investment. Here is how SSO performed percentage-wise in the last 3 months compared to SPY. Link to comment Share on other sites More sharing options...
TMat184 Posted April 7, 2009 Share Posted April 7, 2009 Read this now. SSO is a leveraged ETF and isn't meant for long term investment.Here is how SSO performed percentage-wise in the last 3 months compared to SPY. My DCA on it is $16.27. I'm content holding it but monitor it closely as well. I understand leveraged ETFs and how they work. Link to comment Share on other sites More sharing options...
Fergasun Posted April 7, 2009 Share Posted April 7, 2009 You should try this; money market mutual fund with earnings re-invested into foreign currency accounts... Link to comment Share on other sites More sharing options...
sjinhan Posted April 7, 2009 Share Posted April 7, 2009 from the profile you are 38 years old... so I am not sure if this applies to you but I think the best investment you can make is to yourself... with some money I got I am heading back to school part time for masters start in June... it will pay the greatest returns in the long run... Link to comment Share on other sites More sharing options...
Redskins Diehard Posted April 7, 2009 Share Posted April 7, 2009 29 posts into an investing thread and no sign of Techboy yet? S&P500 index fund. Oh, and DeanCollins will be by shortly to tell you should have invested in real estate back when he did. Link to comment Share on other sites More sharing options...
Fergasun Posted April 8, 2009 Share Posted April 8, 2009 TMat184, Instead of holding SSO long what you should do is short the inverse 2x... that way you are not fighting the up-down decay. Of course this will require a margin account at your brokerage... Link to comment Share on other sites More sharing options...
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