HBP S&P/TSX 60 Bear+ ETF (HXD.TO) Buy, Sell…

HBP S&P/TSX 60 Bear+ ETF (HXD.TO)

23.11

-0.44 (1.85%)

as of Jan 17, 2025, 8:58:40 pm Market Open.

12 watching

DON'T BUY

S&P/TSX 60 Bear+ ETF. A way of shorting the TSX 60. It is 2X giving twice the torque. People feel blue chips are more stable but often are hit more percentage wise than the market as a whole. It is somewhat wary of Beta products, as you have to be very nimble in order to make money. Can be very difficult for the average investor.

COMMENT

Double short on the S&P/TSX 60. This is for traders as this can move up or down very quickly. You need to have a good market sense. Doubles are for traders, not for buy and hold. For short-term trade, he believes the market could drop in the next 30 days.

PAST TOP PICK

(A Top Pick Jan 18/08. Up 7%.) Very useful to hold through last year. ETF’s are great tools as long as you understand how they work and the risks.

COMMENT

This is a way to protect you against a downfall. This one is a double short. If the market goes down, you double your money. Could be dangerous if you do more than you should. (Consult your financial advisor.)

PAST TOP PICK

(A Top Pick Sept 17/09. Up 63%.) (This is a Short Call.) He covered on this one because at this stage he believes there will be a rebound so there is no point to be short anymore. On a very strong rebound he will short again.

COMMENT

HXD-T and HFD-T are for traders. 2X market risk every time you buy them. Very volatile. Would have been a great play while the financial markets where tanking earlier in the year.

TOP PICK

This is a Short of the TSX. Essentially a bet that longer-term we are going to see the TSX lower than it is now. For every $1 you put into it, you get 2 times the leverage. This will hedge the risk in most people's portfolios a great deal. No more than 25% of your portfolio.

TOP PICK

This gives you double the exposure to the market. If the market goes down 10% this will go up 20%. A nice way of not putting a lot of cash into a position but getting yourself lots of leverage.

DON'T BUY

A brave move to step in front of this freight train at this time. Oil has come a long way along with the other energy sources but it’s what is working now.

COMMENT

If you think the stock market is going to go down, this would be the one to buy, but if you think the market is going up, this is not the one you want.

COMMENT

This is the Bear ETF. It goes up about twice the percentage rate that the TSX would go down. Essentially, you are shorting the market.

BUY

BetaPro S&P/TSX 60 Bear E.T.F (HXD-T) and BetaPro S&P/TSX 60 Bull E.T.F. (HXU-T) are great for short-term trading. This is a leveraged short ETF. When the markets go down, it tries to do the inverse. It uses futures contracts underlying it. Would be little more cautious for long-term trading. For more sophisticated investors.

TOP PICK

This is a wonderful tool to help people hedge their portfolios. We are oversold and there could be a bounce, but he would consider adding this now as it could get worse or if there was a bit of a bounce.

TOP PICK

This is not a recommendation for individuals who want to go short on the market, but is using it as an insurance product. If you have a balanced portfolio and you are nervous about the market, rather than selling your securities and you have a bit of cash; you can put it in this, no more than 10%. It'll cushion the down side.

TOP PICK

HBP 60 bear E.T.F. A special structure. Only as a hedge. Can protect your gains by shorting. Gamble that market will go down. Very bearish approach.

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