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Direxion Daily 20+ Yr Trsy Bear 3X ETF Message Board

  • petekook petekook Jan 5, 2013 3:37 PM Flag

    Do not hold TMV, decay = 30% year

    This bleeds like a stuck pig if you hold it, TMV is triple short so alot of dividends plus fees get paid out, resulting in an automatic 30% a year loss!!!!!! You hold you will lose. You only want to buy for pops like when the Fed meets for the next several meetings. If employement is improving you want to buy this pre-Fed meeting then sell post meeting. I tried gaming this a while and i gave up, the decay is too hard to overcome. Real reason to own TMV is only to hedge something else imo.

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