Home > Boards > Other Markets > ETFs > Strategy for Direxion Daily S&P Oil & Gas Exp. & Prod. Bear 3X Shares (DRIP)

It follows an index of stocks in the

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stocktrademan   Saturday, 07/23/16 04:05:58 PM
Re: daddyvlo post# 20
Post # of 47 
It follows an index of stocks in the oil and gas industry, not oil itself but could be a good way to trade indirectly. For more info see their homepage.

http://www.direxioninvestments.com/products/daily-sp-oil-gas-exp-prod-bull-3x-shares


Normally the 3x or 2x leveraged products are used to day or swing trade more than invest so search on the internet about the possible dangers of using leveraged ETF products long term. They can decrease in value even if the index or commodity they follow increases.

http://www.google.com/search?q=dangers+of+using+leveraged+ETF+products+long+term&oq=dangers+of+using+leveraged+ETF+products+long+term&gs_l=serp.3...2843.2843.0.3113.1.1.0.0.0.0.91.91.1.1.0....0...1c.1.64.serp..0.0.0.pRdBmvd9zHA



also a good site
http://etfdb.com/etf/DRIP/


these are for the oil ones, if you buy one check the page to see if it uses a tax form 1099 otherwise you'll have to file extra return pages for limited partnership k-1 forms, costs extra to get them prepared and can be a pain to do.
http://etfdb.com/type/commodity/energy/crude-oil/

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