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2.81%

$19.36 betashares crude oil index etf-currency hedged (synthetic)

WARNING: Read me before buying OOO, page-167

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rorbert

5 Posts.

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20/04/20

14:06

Post #: 44142860
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Originally posted by joshii: ↑

This long term example isn't quite accurate. Except for rollover week, the fund only holds current front month contracts. The WTI price in November or December is irrelevant to anyone who invests today. OOO is similar to a leveraged fund in the sense that it isn't as simple as comparing values at different points in time, it's about what path the underlying assets take to get there. The price of oil could double in the next 12 months and OOO could still decline. I agree with your philosophy that this is only a short term hold.

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Great point - I agree it's not that simple. I was just trying to provide a simple way to think about an investment thesis for those longer term people saying "by the end of the year I think the price will be $X"

OOO Price at posting: $19.36 Sentiment: Sell Disclosure: Not Held
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0 Great analysis

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