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Re: doodleboodle post# 2974

Thursday, 09/08/2005 8:15:14 AM

Thursday, September 08, 2005 8:15:14 AM

Post# of 79025
Hi doodle...I have been using Rydex as the custodian of two of my IRA's for about 10 years. The 2X funds are intended (and do) double the rise or fall of the NDX. There is no magic formula in using them that makes one wealthy, however. If you're on the wrong side, you lose twice as much.

If you are a trader that can consistently turn a profit, year over year by using the Q's, of say 20%...then, yes, if you apply the same criteria in trading and use the Rydex 2X funds, you will realize 40%.

And, as Yogi says, there is no charge for any trading if Rydex is the custodian..which is just as good as money.

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