Post by
Reptoid on Apr 22, 2020 2:50pm
Still a good buy for 12 month Outlook
I am planning on holding from 13 months. Should I buy now or wait?
Comment by
Mat1791 on Apr 22, 2020 2:56pm
Under new rules might work better. But under 2X, buy and hold is not what these vehicles are for. Slope of curve would kill you right now and even if oil went from 15 to 35 HOU could still lose money over that long of a period. Educate.
Comment by
Yagcu1701 on Apr 22, 2020 3:01pm
You do realize holding an etf long term will erode your gains? Every roll over results in dilution of the share price in addition to commissions and fees. HOU/HOD are meant to be played for short term hedge gains only. One can make and lose some good $. Long term can be quite risky if oil is not volitile enough.
Comment by
R013013C on Apr 22, 2020 3:05pm
Unless it goes bankrupt and you get paid out the NAV price.
Comment by
stwatcher on Apr 22, 2020 3:09pm
ETF's are under constant erosion and pretty sure you will never make it 12 months let alone 4 before you will have lost most if not all of your investment. The problem is on the down days you will never make it up again. These are for daily trading and are raely held overnight .
Comment by
Cayman63 on Apr 22, 2020 3:14pm
this product is meant for long term holds. if you want a compnay for a 12 moth hold look at baytex ( high torque ) or canadian natural resources