I have held BBOZ and BEAR in the past without really understanding how to use these instruments. I have learnt a bit more since then. They are difficult to use and not long term defensive investments as portrayed, I did not loose too much at that time.Having said that I think that buying now/soon could be OK, keeping a close watch and taking profit without being greedy. Like many investors commenting in this thread, I cannot understand why the market is doing so well, maybe all those gamblers with their super deciding to play. I note that the institutional investors are cashed up waiting for the fall. I have sold recently and will make a modest investment in BBOZ. I think that Betashares are being a little deceptive in describing these as defensive as per this webinar: https://www.betashares.com.au/files/webinar/covid-19-is-the-worst-over-webinar-aug2020.pdf Cheers S
