Jan 18, 2011
Leverage
I have been using two stocks this past year that have given me a 45% return on my portfolio. They are ProFunds Ultra Dow 30 (UDPIX) and ProFunds Ultra Midcap (UMPIX). They use leverage to achieve 200% the performance of the Dow and S&P Midcap. This can be incredibly useful in times when the Dow and Midcap are going up, like they have in the past year, but can also be very damaging to your portfolio if the Dow and Midcap are falling like they were in 2008, as it would fall at 200% the rate. I highly recommend buying these stocks when you feel the Dow or Midcap will rise again, but if you think that they are due for a dip then lay off.
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Do you think those two stocks will last long for the next two months?
ReplyDeleteI hope so, I wouldn't but them now but If you bought them when the market was below where it is at now then I would say that the market will at least hold steady
ReplyDeleteI will take a look at it, Well anything can happen at any day.
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