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Bill Saxon wrote:
> I felt I could simplify my life by transferring all my sector money
> from Fidelity to Rydex. There are fewer sectors to follow and I can
> get my money out without penalty. In back testing, with what I look
> at, the return is about the same. I don't even look at Selects
> anymore.
>
> I can not find one single Rydex Sector Fund that I would want to own.
> The only one that comes close is Energy. In the past, using surrogate
> groups to mimic the actual fund, if at least 60% (excluding Energy,
> Energy Service and Gold, who march to their own drummers) are not
> positive it bodes badly for the Market.
>
> I consider myself an intermediate term investor. I am comfortable (I
> think) in Ursa and cash until around the 19th when several cycle
> bottoms are due (quote McClellan). I'll take a hard look then.
>
> What do you folks think?
Bill,
That you find no sector funds you would want to own only confirms that we
are in a bear market. You're lucky you have Ursa. I trade sectors in
Invesco, which I like generally, but there's no bear-mkt. fund. So my
situation is worse than yours. Best stay in cash or bonds, until this
thing runs its course, I'd say.
Best,
Fred
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