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XJO - Bear Posts only (Factors which might cause the markets to fall), page-4062

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Doladin

93 Posts.

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30/08/22

21:10

Post #: 63418489
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Originally posted by neodna: ↑

So can you (or anyone) clarify BBOZ / BBUS.
I am super tempted to enter these now, and have watched these bad boys fall (BBUS from $13 to $9). I understand they do the opposite of the market, and I expect a big fall soon (and big rise in BBUS).

Is it as easy as, say, buying 500 shares at $9.65 ($4080) then selling next week to cash "if" the market falls - and these rise to $10 ($5000)?
Do you generally do a quick trade or are these used for long holds too?
How do we pay the 1.19% fee? I don't get that bit.

Surely these would be gaining massive populairty if people are waking up to the real economic situiation out there!!

Thanks,
Neo

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BBOZ tracks the FUTURES and not the ASX200
It's not a perfect inverse index, unfortunately. However, it's convenient for those that aren't into CFD's.
Bonus - it paid a dividend last quarter!
I've been holding a decent parcel because I thought things would be a lot wobblier sooner... I don't mind a loss on it as my other massively leveraged investment goes up with inflation/money printing (i.e. the house) so I'm hedged either way.

XJO Value at posting: 6,998.3
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