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Stocks U / Ultra Dow 30 Proshares
|Subject: Ultra Dow 30 Proshares Advice||Date: 11/1/2007 8:48 PM|
|Author: shannonatlanta||Number: 2 of 3|
I have read a few things recently on Ultra Dow 30 Proshares that is making me lean towards making this the backbone of my IRA (20-25 year to retirement) and was wondering if anyone has some insight that i may have overlooked.
I keep reading that it is set up through leverage to double the DOW whe n the DOW is up, and to lose double when the DOW is down.
Even though this is riskier than a DJIA mutual fund, isn't the risk pretty negligable since I am 20-25 years from retirement?
If anyone can steer me to more research that may help I would appreciate it.
My goal is to put about $3,000 EVERY January into the Ultra 30 -or, the same amount into a Rule Maker company (PG, AIG, NIKE, YUM, American Express)- and then the rest of the year choose a stock from the Stock Advisor every two months, making sure I spread out the Stock Advisor picks across diverse industries that appeal to me: environment, healthcare, natural resources, technology, and metals.
Does this approach sound solid? I am new at this but would like to earn about 17% return per year over the next 20-25 years.
Any ideas, criticisms, etc?????
Shannon "the Cannon"
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