winsome007
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Hi Guys,
FAZ (Direxion Financial Bear 3X Shar (FAZ) is an inverse ETF which goes 3X times up as the market goes down.
Now FAZ is trading @ around $ 20. I am planning to invest $10K now hoping the FAZ will go up to $2000 dollars in the next 3yrs.
Basically I personally believe that DOW will go down and touch the 2008 low of 8000 pts in the next 3 years. If that is the case will i achieve my target of 2000 in FAZ? (FAZ was around 3000 during the 2008 stock market crash)
What are the risk? what is your advice? Please share your experience.
Regards,
Winsome.
FAZ (Direxion Financial Bear 3X Shar (FAZ) is an inverse ETF which goes 3X times up as the market goes down.
Now FAZ is trading @ around $ 20. I am planning to invest $10K now hoping the FAZ will go up to $2000 dollars in the next 3yrs.
Basically I personally believe that DOW will go down and touch the 2008 low of 8000 pts in the next 3 years. If that is the case will i achieve my target of 2000 in FAZ? (FAZ was around 3000 during the 2008 stock market crash)
What are the risk? what is your advice? Please share your experience.
Regards,
Winsome.
