Mohacsy's Safe Portfolio Member Forum

[elena_murooni]

Mike

"Ultra" means 'twice' in the ProShares world, doesn't it?

So, if you were betting the financials going down, you would invest in SKF (an Ultra fund)... and, if you were betting that financials would go up, then you would invest in UYG (an ultra fund), right? And, via share price, the fund moves up & down at twice the movement of the Dow Financials?

I am soooo intrigued by this. I realize you stated that you used options for protection, short-lived or otherwise, but I'm more interested in how you approached it.

If you toggled between long positions in both funds, then you were toggling around your belief of which direction the financials would be heading. So, then, is the thought (by using two funds with opposite directive paths whenever each fund strategy applies) that you would change funds at either a peak or a valley?

I am up 2%. That means I beat the Dow & S&P performance by 40+ %, but it does NOT mean I am UP the same percentage. You have a 29.6% return...which would mean you beat the Dow & S&P performance by nearly 70%. That is AWESOME, & I'll be the first to say so!

I would have to say that if you did this on a full time basis in the future, you certainly are waaaaaay ahead on the learning curve. I certainly hope I can comprehend how this works!