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BetaPro Crude Oil Leveraged Daily Bull ETF T.HOU

Alternate Symbol(s):  HROZF | HZOZF

HOU¿s investment objective is to seek daily investment results, before fees, expenses, distributions, brokerage commissions and other transaction costs, that endeavour to correspond to up to two times (200%) the daily performance of the Horizons Crude Oil Rolling Futures Index. HOU is denominated in Canadian dollars.


TSX:HOU - Post by User

Post by Capefearon Feb 15, 2009 9:13am
545 Views
Post# 15780239

Dumb Question

Dumb Question I am hearing alot about ETF'S so I started to look into them but I am not totally understanding the structure. So to put in simple terms with HOU, say I put $10 000 in at this level 5$ range, then in the near future oil starts tradind at the $25 level, where about would I be with my $10 000? Staying in for the long haul then around Christmas oil is trading at the $65 level where would I be with my $10 000? I am not looking for definite numbers I just want a little more understanding, If I am looking at it right it is a no brainer for the long haul but things just can't be that easy, Thanks.
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