ProShares Ultra S&P (SSO)

Quote from craigross:

If you agree that over the long term (20-30 years) the stock market will be up and that an index fund is a is a great investment tool is there any reason why the Ultra S&P ETF wouldn't be the best choice? It seeks to double the perfomance of the S&P 500, does that mean if the S&P looses 60% this ETF woudl lose 120%?

Thanks for any input.

The key to the ultra ETF's:

Wait for huge swings in a direction (down for a long ETF), and then add positions.
 
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