RE: Windows34523 Feb 2022 20:05
Hi CM
I've been in and out of this for years, firstly as a protection for my portfolio and secondly as an out and out punt on the UK market falling
I don't class this as an investment as such & should be never held long term, i consider this as short term insurance or a quick punt, its is really aimed at institutional investors, but is open for all to trade, so why not.
I have recently been trading 2 others which are even worse
3ULS - which is 3 x short S&P 500
LQQS - which is 3 x short Nasdaq
With the volatility in the market at the moment they are like a bucking broncos, up 5% one minute and down 5 % the next.
The good point of the above two they are priced in GBP so there are no exchange charges, i'm with Hargreaves Lansdown & they charge 1% exchange fee to buy US stocks & ETFs and the same to sell, which can add up.
With whats happening in both the investment world and the real world today, knowing about these sort of products can be a lifesaver
Trade safe