'Hi Jaques , there is big decay in etfs but if you find one with the right trend doesn't really matter now does it? I mentioned CORN , a few days back no-one answered me, It is on FIRE. Doc mentioned it, i also like TBT it could be a good long term bet considering it is an etf. Who cares 5% decay if TBT goes up 30% a year for the next 3-5... In a normal world this should happen, but with thebananacake, who knows.GL.
Thanks arwen. Good points. I have been watching that CORN etf. I saw your post. I bought CLF at 85 yesterday during the "crash". I like the company. The CFO, Laurie Brias was on CNBC earlier today. I've been wanting to get a position in CLF for awhile now.
As for ETF's, I'm just now thinking of using them. I tend to just pick stocks I like. Too many possibilities!
I'm not saying I haven't played them, but you need to know what you are dealing with. Some brokers wont allow their clients to trade them because of the risk factor. They are not for the average investor. If your gonna leap a train, you don't have to leap a train with a negative bias.
Thanks for that RG. I think I'm going to trust my instincts which means I'm following your advice. I don't want a clock ticking on me. I get tempted by these leveraged charts haha, but in reality, I like to hold for a pretty long time. I'm just gonna stick to individual stocks. I raise cash as opposed to shorting. I'm not good at shorting, at least "play" shorting. If I can't find anything to buy or everything is "overvalued" then I'll raise a bit of cash.