Before reading about these ETFs, please understand the risks with these ETFs are significantly higher.
Double Returns ETFs
ProShares has a basket of ETFs that double the indices or sectors they follow. These ETFs, ProShares Ultra ETFs, attempt to double your gains but in a down market will cause double the loss. These ETFs are mostly used by short-term swing traders or day traders but could be used by longer term investors as long as they keep up with the market.
Double Short ETFs
ProShares also has ETFs, called ProShares Ultra Short ETFs, that attempt to double the inverse of the indices or stocks they follow. If you lack experience in shorting stocks or ETFs, please stick with the ProShares Short ETFs.
All ProShares UltraShort and Short ETFs
Remember the risks involved in these ETFs are significantly higher. Research these ETFs before investing and losing 50%, if not all, of your account value. Also, these ETFs are already margined, so don’t buy them on margin. You’re investing or trading but not gambling.
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