Finra’s ETF notice angers ICI, firms – Investment News
I recently read and reviewed Martin Weiss’s bestselling investment book, The Ultimate Depression Survival guide on Amazon. To read the review, click the link in the blogroll entitled, Paul’s Reviews of Books on Amazon.
My concern with the investment advice offered in this book is the use of leveraged ETF’s, which FINRA recently deemed unsuitable for individual investors. This article from Investment News describes FINRA’s decision and the reaction of brokers, leveraged ETF providers, and advisors. These ETF’s appear to offer a simple solution to a falling market, but they are actually very complex and require continuous monitoring. By necessity, any discussion of leveraged ETF’s is technical.
My main point is that the DIY, do it yourself, investor should avoid leveraged ETF’s and, quite frankly, I’m not sure most advisors should utilize these funds either.
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Tags: ETF, FINRA, The Ultimate Depression Survival Guide, Weiss
