Posted on 10/07/09
THE TROUBLE WITH LEVERAGED ETFs " THE TROUBLE WITH LEVERAGED ETFs
TORONTO and OTTAWA -- Five months ago, Doug Morrow figured he could make money betting that oil prices would head north again from about $37 (U.S.) a barrel.Using a discount broker, he invested more than $10,000 to buy a special exchange-traded fund that aims to double the daily return of crude futures. However much oil went up, he would make two times that. Or so he thought.
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