Opinions
Greg Newman
BetaPro Crude Oil Leveraged Daily Bull ETF
HOU-T
DON'T BUY
Oct 04, 2023
$15.970
Stock price when the opinion was issued
0
It's the ideal tool to help you make quicker, more informed decisions for
managing and tracking your investments.
If you want to speculate on oil, is this a good vehicle? Very, very risky.
One good thing about being in the stock market is that if you don't get it right, right away, over the long term you tend to get bailed out. Products like this have serious tracking errors. You have to be very careful. Only for very short term. He wouldn't use it. The oil price is manipulated.
Lots of oil stocks are pretty cheap, pay nice dividends, have good shareholder returns. That's what he'd do. It's more boring, but less risky.