OASIS FORUM Post by the Golden Rule. GoldTent Oasis is not responsible for content or accuracy of posts. DYODD.

Wanka….WOW…..71…..then you’re old enough to know to leave those 3X ETF’s alone

Posted by silverngold @ 22:28 on August 1, 2016  

They have a habit of biting you in the ass(ets) when you’re not looking. I have a friend who just “KNEW” NUGT was at the bottom back in 2012 and he was gonna be rich if he stayed with it…..so he ride it all the way to hell. He ended up holding an empty bag as it went to almost nothing.  And another friend bought into a reverse oil ETF and was making a real killing until it de-listed and took all the money with it. ETF’s are derivatives with very little if any regulation or oversight and I guarantee if they find they are losing because you are winning they will just pull the plug and disappear in a cloud of smoke. But what the hell, you can’t take it with you anyway….so enjoy!!

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Post by the Golden Rule. Oasis not responsible for content/accuracy of posts. DYODD.