...wages [are taxed]. But oddly enough, financial transactions are exempt from tax.
What kind of muddled thinking is this? Wage income is taxed, as is income from investments. A better analogy would be, "Getting a job or losing a job isn't taxed, so why should getting into or out of an...
That's similar to something I've been wondering about with inverse ETFs. Wouldn't it always be better to go short the long ETF than long the inverse, since then you would have fees, expenses, trading costs etc. working for you instead of against?
I'm not sure if figured this right, but using your numbers, over those 18 months UNG underperformed the futures by about 22%. That seems pretty expensive to me, or did I figure something wrong?