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If you like the Rydex Ursa inversly geared 1:1 to the downward market movement,
you might really love ProFunds UltraBear. It goes 2:1! It too does IRA's, etc.
Regards,
Bob Wiseman
Wooglinx@xxxxxxx wrote:
> He probably is referring to the Rydex Ursa Fund which performs as the mirror
> image of the S&P 500. That is, when the S&P falls 1% the Ursa fund rises 1%
> and visa versa. However, the relationship is not inversely linear because the
> fund hedges their position. As a result, it tends to fall less and rise more
> as the S&P 500 rises/falls.
>
> The fund is well suited to IRA accounts since these type a/cs cannot short the
> market/stocks.
>
> Rydex is head quartered in Maryland. Get the prospectus on their funds.
>
> Jim Barone
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