I read with interest some statements from Vanguard founder and former CEO John Bogle, comparing individual stock and bond picking as an investment method to gambling. While he doesn’t shy away from courting controversy and usually touts Vanguard’s flagship low-fee funds and ETFs over individual stock-picking due to performance and fees, this is the first time […]
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Gold ETN GOE up 421% in 1 Month – What Gives?
There’s no doubt that Gold’s been hot, to the tune of 16% up in the past month. However, even the most ambitious leveraged ETF can deliver a 2X return on gold prices via (UGL). In order to obtain a 421% return on GOE during this timeframe on an ETF/ETN, you’d be talking a leverage factor […]