Encompass went -62% and then +137%. So, a start of $100 goes down to $38 and then that goes up to $90. You lost 10% on the total ride.
BBof CA4:21PM May 28, 2010
At least part of the advice is totally wrong and ill advised. Leveraged bear funds are a suckers bet (maybe bull funds are too?) . There has been several GOOD articles written about this subject. They do not track the index ( 2 or 3 times) in a sideways market.
Wonder Phil of Washington of WA11:28AM May 26, 2010
This article is seems to be written by a rookie, intended for consumption by rookies. This article is literally like having a marriage councilor advise a couple to pursue an affair, because the affair will improve their marital sex-life...
This advice may be accurate, it may produce wonderful returns, but it has the potential downside of wiping out an investment portfolio.
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BB of CA 4:21PM May 28, 2010
Wonder Phil of Washington of WA 11:28AM May 26, 2010
Phil of OR 3:17PM May 24, 2010