March 23, 2012
– Comments (2) |
RELATED TICKERS: TVIX
Straight from the prospectus of TVIX:
The long term expected value of your ETNs is zero. If you hold your ETNs as a long term investment, it is likely that you will lose all or a substantial portion of your investment
Can't say they didn't warn you, LOL!
Federal Reserve Notes should have a similar warning.
Have to agree with rfaramir. That's what happens to all these double and triples ETFs. They crash over time, then do a 10 for 1 reverse split and rinse repeat. Personally I think they should be banned since I submit they are a large contributor to volatility with neglible positive market value. But we have weasils always running the SEC and it will never happen.