Bullboard - Stock Discussion Forum Life & Banc Split Corp T.LBS

Alternate Symbol(s): LFBCF | T.LBS.PR.A

Life & Banc Split Corp. (the Fund) is a Canada-based mutual fund company. The Fund's investment objective is to provide holders of Preferred shares with fixed cumulative preferential quarterly cash distributions and to return the original issue price on the maturity date, and to provide holders of Class A shares with regular monthly cash distributions and the opportunity for growth in Net Asset... see more

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Life & Banc Split Corp > HFD or HSD good plays for a hedge

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Post by mouserman on Oct 21, 2023 2:53pm

HFD or HSD good plays for a hedge

HFD w as up 4% just yesterday and and up about 10% the last trading sessions. HSD almost as good, and for some reason people dont like to shortsell , so this is another option.

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Comment by flamingogold on Oct 23, 2023 11:40am

As you say, these instruments may be ok as a hedge but the risk is extremely elevated if using them as a main investment. They are difficult holds as one not only has to get the direction right, but also within a short period of time as well as the equity value erodes very quickly. You could buy today and if the market is flat for a week you will be in the red. Add in a few up days and the ...more

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Comment by mouserman on Oct 23, 2023 4:34pm

Yes these are 2x bear etfs , so the double leverage works both ways. 2 months ago you could have bought ( @ $11.90 for HFD) and would be up $1.60 or 13.44% , so as a hedge it would have helped immensely when the selloff came.. But hard to watch it every day. Lots of trading ops...

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Life & Banc Split Corp