Larry Berman CFA, CMT, CTA ProSh Short S&P 500 E.T.F. SH-N WATCH Dec 30, 2013

Single bear ETF for shorting US market. If US markets fall, so will Canadian dollar so you want to play this in US$.

Short S&P 500? Fx charges are a big determinant. No hedge.

US investments in an RRSP that have had some good gains. Would this be a good way to protect the gains? A 1 for 1 hedge in your portfolio makes a lot of sense. You have to look at your portfolio though, and decide how much you want hedged. If you hedge every $1, and if the market goes up or down, you are basically dead flat. You don’t really want to go there. 80% of the time, the market goes up, so maybe hedge 20% of your portfolio.