OOO 2.81% $19.36 betashares crude oil index etf-currency hedged (synthetic)

WARNING: Read me before buying OOO, page-516

  1. 2,057 Posts.
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    I see below issue in my personal opinion with OOO, please do your research.

    To me:-
    *There is no clear explanation or real data of how the investment is made by this fund - lesson learned unless fully understood, never assume and invest.
    * The fund does not hold any assets but just gambling bets - lesson learned, never invest in any fund/stock which does not have any assets.
    * The fund does not explain how it is going to make money for us - stay away if its dodgy.
    * There is no transparent real-time explanation of current day to day funds financial scenario and how the investment is made - again stay away.
    * This fund is no better than betting on a soccer match or horse. It actually not an investment instrument but a betting instrument - stay away from the gambler.

    I believe people have lost 100s or 1000s of hard-earned money in anticipation to invest in low oil price but in actual fact, it worked out to nothing more than a f**king losing bet. In my opinion, chance of making any money in this fund at this stage is practically nil.

    Can anything be done to recover the loss? I feel, perhaps, the answer is no. Thanks to some great people in this forum who deep drove down to the bottom of the problem and at least saved some money for someone.
 
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