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Ignore the 18.25% was an error it is actually a bigger margin...

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West Coast

1,697 Posts.

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15/08/19

12:27

Post #: 40002371
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Originally posted by West Coast: ↑

Just don't trade them using BBUS. A complete scam of an etf. Yesterday despite the impending massive sell off BBUS was down 4% after an S&P 500 the previous night being up 1.48%, down= 2.7%
Today after S&P 500 being down 2.93% BBUS was sitting at up 6.25% up= 2.13%

This pattern repeats generally over time BBUS goes down 2.75% and up 2.25% making a healthy 0.5% margin everyday for Betashares. I expect to pay something for the service but 18.25% over a year is a bit rich.

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Ignore the 18.25% was an error it is actually a bigger margin but too hard to work out.

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