Opinions Keith Richards
BETAPRO SP TSX 60 DAILY INVERSE ETFHIX.TODON'T BUYAug 23, 2013
Keith RichardsUnknown
$9.87
Stock price when the opinion was issued
$24.69
As of Jan 17, 2025. Market Open.
E.T.F.'s
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COMMENT
TOP PICK
MER of 1.4%. It's an inverse product, so if markets will go down, this ETF will go up. But you must watch HIX everyday to see how trading goes, because this is a daily reset.
John DeGoeyOwned
E.T.F.'s
COMMENT
What ETF shorts the market? Don't short and avoid leveraged ETFs, but if you have to, then look at HIU-T or HIX-T. When you short, you're fighting the dividend and the natural drift upward of equities. Don't short. Instead, look at the TLT-T (up 63% in 2008) or HTB-T (up 29% in 2008); you get the outsized returns from owning a US-denominated bond and get paid to wait.
E.T.F.'s
WATCH
Inverse ETFs for when the market turns bearish. We don’t know which market is going to turn. We know that it is very difficult to forecast the market. Forecasters are never wrong, they are just early. This would be the one to buy. It hasn’t done a lot because the market has been so strong, but markets don’t go up in a straight line. You have to look at a TSX chart, look at some support resistance, throw on some 50 day, 200 day and 20 day moving averages and try to pick a spot where you are comfortable buying it. Not a long-term hold.
E.T.F.'s
Whenever you buy any inverse, you have to have the underlying stock falling to make any money. A single inverse doesn’t have the leveraged problem that a double instrument has. His feeling is that any inverse is a short term play. He is very hesitant to use these kinds of things.