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Originally Posted by Stocktrading101
I find UYG very interesting for the same reasons depicted earlier in this thread. The ETF has lost whatever 95%+ of its value, so what now?
Lets say hypothetically that the financial return to half of what they were previously, will be the UYG run back to the $30s and see a couple thousand percent return? I doubt it.
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. I just don't see the attractiveness of these investments; do the math, please, before investing in these. They're hurting the entire market just so that investors can salivate over returns that won't exist. Bring back the uptick rule and short-selling that can actually be profitable. We will all be better off.
YTD, the XLF is down about 3.4% whereas UYG is down 35.86%. Trying to overcome those down-drafts make no sense. Stick to simplicity. In this market, simplicity works and is the way to prosper, long-term.
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