Marc Gerstein

Some Thoughts on Leveraged ETFs

The companies are not touting them as long-term. They are making true claims, so there's nothing to rebut.

The ones who are advocating them as long-term are the critics like the author here, and those who can't or won't read the documentation on what these things are all about.

On Aug 10 11:48 AM Leftfield wrote:

> I don't see a rebuttal of the main point here: That leveraged ETF's
> are being touted as perfectly for and track well, long-term. Yet,
> the user is supposed to figure out on their own that the claims are
> false.

Some Thoughts on Leveraged ETFs

This article is breathtaking in its bias and distortions. Read the prospectus folks and let the words speak for themselves. What we have here is a classic example of what Don quotes me as saying: that Pro Shares is being convicted of failure to deliver on promises they never made.

After staring at the article for a while trying to figure out what would cause anyone to write such things, I notice the author's background: Options!

Here we go yet again . . . another option guy tearing into a competitor. Now I get it.

Again folks, just read the prospectus. Use Don's screen-shots, they're accurate. Just bear in mind his commentary is being offered by a competitor, not an unbiased commentator. If you want more of my views, do a Seeking Alpha search on my name. I covered lots of ground with lots of objective data; no need to reproduce it all in a comment. Like the words of the prospectus, real-world data speaks for itself too.

And as for my point-of-view, I have no business stake in whether these things fly or die. I approach them as just another investor, one who used to use options but switched to the leveraged ETFs because I find them easier to use. That's my opinion. And my other articles amplify the reasons.