A.I.M. Users Bulletin Board

[lrp42]

Hi Adam,

You hit the nail right on the head. If one reads the prospectus they will find that the funds themselves say that these are not designed to be long-term holdings....they are designed for short-term trading.

The Direxion website itself says "These funds are intended for use only by sophisticated investors who: (a) understand the risks associated with the use of leverage; (b) understand the consequences of seeking daily leveraged investment results; and (c) intend to actively monitor and manage their investments.

Hopefully this link from the website will show the danger in holding these funds for the long-term. They are definitely not designed as buy and hold funds.

http://www.direxionshares.com/education.html

Ray