1. Your Questions About Nasdaq Etf
Maria asks…
Short sell the NASDAQ? And how through Questrade?
I currently trade through Questrade and considering a short sell of the NASDAQ due to the
potential downgrade of the American bonds. I have two questions:
1. What's the best way to do this short? Should I short an ETF? Could you recommend one
please? Is there a better way? Do I simply enter the order in Questrade with the ETF as a
symbol?
2. What's your opinion on this idea?
Thank you kindly.
Steve Winston answers:
1) Don't know Questrade but just call them up and ask how to short QQQ.
2) It's hard to make money in the stock market trading on information that everyone knows. The
potential downgrade of American bonds is a Yahoo headline so everyone knows about it which
means that it is priced in already. Short QQQ if you want to hedge your positions or gamble or
think you have more insight into the downgrade than the market. Don't do it because you read a
news story on Yahoo headlines that you think gives you an advantage in the market. I think
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2. downgrade matters a little, default matters a lot, and we will have some deal before or during
this weekend.
Sandy asks…
need some ticker symbols for some ETF's please.....?
looking for some etf's that track DJIA, S&P, and NASDAQ.
also looking for ultra-short and ultra-long (if there is such a thing) for each.
thanks
Steve Winston answers:
Here are the ultra short tickers for you. There are a lot of them.
Http://www.etfconnect.com/search/etfc_MainResults.asp?NewSearch=True&MutualFund=No&
DefinedPortfolio=No&ExchangeTraded=Yes&MuniPreferred=No&MoneyMarket=No&TextCriteri
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3. a=ultra+short&Limit=&StateCode=&Growth=&GrowthIncome=&Income=&TaxFree=&ShortTaxF
ree=&Equity=&Balanced=&Corporate=&Treasury=&Municipal=&Leveraged=&Insured=
Here are the Ultra long ETFs
http://www.proshares.com/funds?products=98646&fundType=
DJIA DIA
NASDAQ 100 QQQQ
NASDAQ 100 equal weighted QQEW
There are many that track S&P indeces.
SPY S&P 500
RSP S&P 500 equal weight
John asks…
Leveraged ETF or Regular ETF in Margin account?
Am I better off buying a non-leveraged ETF in a 2X margin account or a 2X leveraged ETF
product directly.
For example I could buy NASDAQ: QQQQ in my 2x margin account and pay interest on the
borrowed amount, or I could buy NASDAQ: QLD which is a 2x leverage of the same index as
QQQQ.
What determines which is better and why (MERs, loan interest, risks, etc). Thanks!
Doesn't the 2X ETF have to pay margin costs somehow and is that included in the higher MER?
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4. Steve Winston answers:
Leveraged ETF, since you will not have to pay margin borrowing costs.
You could in fact get 4x leveraged by using margin to buy the levered ETF.
This assumes that the 2x ETF is really 2x the regular one.
It all works as long as you are right.
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