Wednesday, November 26, 2014 5:51:06 AM
1) The longer you hold JNUG the more money you will lose. This isn't saying you could hold for a week or a month and make a killing it's entirely possible. JNUG shouldn't be held in any account as an investment. If I knew gold was going to $2,000.00 over the next 2 years in a slow and steady manner I wouldn't buy JNUG as 2 years from now it wouldn't be any higher and would actually be lower than today.
The facts show if you purchased 1 year ago:
$1,000.00 of gold it would be worth $960.00 today.
$1,000.00 of JNUG it would be worth $350.00 today.
Which would you rather have held over that time frame?
The costs of setting up 3X leveraged ETF's are very high and will only lead to future R/S as the costs eat away the fund.
2) Don't forget about JDST which is the opposite of JNUG. Trading both can be more profitable than only trading one and gives you some insurance if the market moves quickly against you.
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