A small subset of DIY investors are sophisticated enough to understand how to use some of these funds properly. But there are obvious risks with making such complex instruments widely available to ordinary investors
Financial firms are busy these days putting the tools of professional investors into the hands of the middle class.It sounds great, but for most people it’s terrible advice, for the same reason you shouldn’t try boxing like a pro – you’re probably going to get hurt in the process.
“For the masses at large, I think it’s a dreadful idea, and one that’s probably going to be – if pursued over a long period of time – disastrous to their financial health, because I think some of these products are toxic,” said Brian Madden, the chief investment officer of First Avenue Investment Counsel., for example, are built to magnify the daily moves in a given market or sector. They often come in bull and bear versions, doubling or tripling returns either positively or negatively.
Regular investors have long been enthralled with the pros. The high minds of the business offer up top picks and market calls that reliably make headlines in financial media.
Pro Market Leverage Investors Way Etf Industry Brian Madden First Avenue Investment Counsel Betapro Crude Oil Daily Bear ETF
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