Strong Buy I could use some advise please. - Page 2

fearles · 06-14-2009, 02:10 PM

The only thing I should mention of Canadian or any other foreign (for you) stocks is there is a certain currency risk but the USD is likely to lose ground rather than fall which would be beneficial to you.

BulloverBear · 06-14-2009, 02:17 PM

Thanks guys I appreciate the advice. My list of possible options is growing by the day.

FAZ FINANCIAL SHORT
SIRIUS
ULTRA REAL ESTATE
ULTRA PRO SHARES FINANCIAL
CITI
LAS VEGAS SANDS
ULTRA BASIC MATERIALS
US STEEL
TEREX
PRO SHARES NAT. GAS
ALCOA
BANK AMERICA
HUNINGTON BANK SHARES
CANADIAN SOLAR
SUN POWER
ULTRA INDUSTRIALS
LEVEL 3
ULTRA SEMI CONDUCTOR
DOUBLE AG ETF
ULTRA SP500
CEMEX
GENERAL ELECTRIC
EL PASO
POTASH
DELL
FLUOR
NORFOLK SOUTHERN RAILROAD
AMERICAN EXPRESS
WELLS FARGO
FED EX
COSTCO
COMMODITIES ETF
JP MORGAN
HEINZE
TEXAS INSTRUMENTS
GLAKOSMITH KLINE
PROCTER GAMBLE
WASTE MANEGMENT
HOME DEPOT
VERIZON
WALLGREENS
CLOROX
PALOMAR
ALTRIA

BigP · 06-14-2009, 04:24 PM

BulloverBear I understand that the list you have here is the stocks you are looking at and not necessarily the stocks you are planning on putting into your IRA. That being said, after experiencing the double leveraged ETF's through this last patch of volatility, I highly recommend against them. The DAILY leverage of 2x actually works against you in volatile markets. They are meant as trading vehicles and not as investing vehicles. The longer your time horizon the further from true double returns you get.

On one of the blogs I visit there was a good series on leveraged ETF's, both bear and bull and he analyzes the longer term effects of daily leverage. You should definitely have a look before you pick one for your long term holds.

The Equal Short Bull-Bear As The Ultimate Negative Correlator? : WhereDoesAllMyMoneyGo.com

Also, with the list of ETF's you are getting big diversification and many of the picks would have some crossover and put you overweight in one place or another, just something to be aware of. I'm not sure if the Portfolio XRay tool that Morningstar has works for ETFs, but that's one of the tools you can use to analyze your mutual fund portfolio.

06-14-2009, 02:10 PM	#11
fearles Trader Join Date: May 2009 Location: calgary Posts: 45 Favorites: NRI.TO BDSI TSTR Rep Power: 28 Reputation: 320	The only thing I should mention of Canadian or any other foreign (for you) stocks is there is a certain currency risk but the USD is likely to lose ground rather than fall which would be beneficial to you.
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06-14-2009, 02:17 PM	#12
BulloverBear Junior Trader Join Date: Jun 2009 Location: Nowhere Posts: 9 Favorites: ge c siri Rep Power: 14 Reputation: 10	Thanks guys I appreciate the advice. My list of possible options is growing by the day. FAZ FINANCIAL SHORT SIRIUS ULTRA REAL ESTATE ULTRA PRO SHARES FINANCIAL CITI LAS VEGAS SANDS ULTRA BASIC MATERIALS US STEEL TEREX PRO SHARES NAT. GAS ALCOA BANK AMERICA HUNINGTON BANK SHARES CANADIAN SOLAR SUN POWER ULTRA INDUSTRIALS LEVEL 3 ULTRA SEMI CONDUCTOR DOUBLE AG ETF ULTRA SP500 CEMEX GENERAL ELECTRIC EL PASO POTASH DELL FLUOR NORFOLK SOUTHERN RAILROAD AMERICAN EXPRESS WELLS FARGO FED EX COSTCO COMMODITIES ETF JP MORGAN HEINZE TEXAS INSTRUMENTS GLAKOSMITH KLINE PROCTER GAMBLE WASTE MANEGMENT HOME DEPOT VERIZON WALLGREENS CLOROX PALOMAR ALTRIA
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06-14-2009, 04:24 PM	#13
BigP Trader Join Date: May 2009 Location: Edmonton Posts: 31 Favorites: WTN, PD.UN, TR.UN Rep Power: 27 Reputation: 282	BulloverBear I understand that the list you have here is the stocks you are looking at and not necessarily the stocks you are planning on putting into your IRA. That being said, after experiencing the double leveraged ETF's through this last patch of volatility, I highly recommend against them. The DAILY leverage of 2x actually works against you in volatile markets. They are meant as trading vehicles and not as investing vehicles. The longer your time horizon the further from true double returns you get. On one of the blogs I visit there was a good series on leveraged ETF's, both bear and bull and he analyzes the longer term effects of daily leverage. You should definitely have a look before you pick one for your long term holds. The Equal Short Bull-Bear As The Ultimate Negative Correlator? : WhereDoesAllMyMoneyGo.com Also, with the list of ETF's you are getting big diversification and many of the picks would have some crossover and put you overweight in one place or another, just something to be aware of. I'm not sure if the Portfolio XRay tool that Morningstar has works for ETFs, but that's one of the tools you can use to analyze your mutual fund portfolio. __________________ I used to think I wanted to invest. Then I learned that I really wanted to trade!
	Rate this post \|

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