Opinions
Steven Conville
HBP S&P/TSX 60 Bear+ ETF
HXD-T
PAST TOP PICK
Jun 21, 2010
(A Top Pick Dec 18/09. Down 11.71%.)
$11.530
Stock price when the opinion was issued
E.T.F.'s
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TOP PICK
S&P/TSX 60 Bear+ ETF. Would encourage investors to use a small portion of their portfolio to get a little bit of defensive protection. This is a double short so if you use 2.5% of your portfolio, it would react as if it were 5% of your portfolio. If he is wrong and the market goes roaring, the other 97.5% of your portfolio will cover it. Not a long-term hold.t
E.T.F.'s
COMMENT
Uses derivative contracts so it will suffer from tracking error relative to TSX 60 turned upside down. You could use this one effectively for some shorting of the market. If you are going to hold it, keep a careful eye on it and be ready to pull the trigger and pull out whenever it is right.
E.T.F.'s
DON'T BUY
Some of these leveraging ETFs can work for you if you get a change of direction but you have to be a surgeon in terms of using them. We are eventually going to get a rally of 10% for a day or two. But the day to day volatility can significantly erode the performance of these leveraged ETFs.
E.T.F.'s