So You Want to Short Stocks in Your IRA?
Today, during my daily reading I came across an article about a ticker: DOG. Now this is a product by a company called 'Pro Funds' that allows you to short the Dow 30 stocks. Now while I was at work I was making fun of what kind of person would pay 1.3% to short the Dow 30 when they could just short DIA for much much cheaper, I got an IDEA. This company offers a variety of products, check em out here: http://www.proshares.com/resources/litcenter/#prosp
Read the prospectus! The also have leveraged shorts. Now I am not 100% sure that these are permitted in all IRA accounts, but they are the only way I know of (other than RYDEX funds) to short in an IRA account. Hopefully, some pessimist out there can take advantage of this and make some money.
*Beware of the fees on these funds, they are much higher than Rydex.
Here is the original article: http://etf.seekingalpha.com/article/13508
Good Luck.
2 Comments:
Really amazing! Useful information. All the best.
»
By Anonymous, at 8:35 PM
Really amazing! Useful information. All the best.
»
By Anonymous, at 11:51 PM
Post a Comment
<< Home