Quite right.
If you're caught on the wrong side of it for months, as some have been, you'd find the index has to fall a lot further than your buy in price to even break even.
Learnt that the hard way years ago with a double leveraged currency ETF, it was losing 1% a month vs the undelying currency mvnt. 12% over a year for a major currency pairing just to break even if a very tall ask.
Quite right.If you're caught on the wrong side of it for months,...
Add SP500 (INDEXSP) to my watchlist
 (20min delay)
|
|||||
|
Last
2,958.8 |
Change
17.070(0.58%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 2,958.8 | 0.00 | 0.00 |