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Direxion Daily Financial Bear 3X ETF Message Board

  • faztozero faztozero Mar 15, 2013 9:56 AM Flag

    Bank Stress Test = "Do you have enough $", yes we do, OK continue on.

    faz to zero

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    • Do people not understand that FAZ will never achieve the highs it reached in 2009? It is a LEVERAGED ETF, it hemorrhages money everywhere. It is not designed to be a buy and hold, long term FAZ will always be down. It has borrowing costs AND has to pay dividends. This causes the fund to lose money. Even if the financial center goes down slightly, it doesn't outweigh the dividend and borrowing costs.

      That is why FAZ is nearly a straight line downward - you can only buy it when you think the financials are going to take a hit. There will almost never be a period of time where it is up year over year.

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