Some ETNs Could Become Worthless...
In this issue:
Some ETNs Could
Become Worthless
A friend and
fellow
newsletter
writer at
The Speculative
Investor,
Steve Saville
had a good write
up and
explanation on
the ETNs,
Exchange Traded
Notes. We agree
with
Steve's opinions
and want to
share with you
as well.
...."In previous
commentaries we
said we would
steer clear of
ETNs (Exchange
Traded Notes)
due to
heightened
credit risk.
Unlike ETFs
(Exchange Traded
Funds), which
are backed by
shares or
commodities or
bonds or futures
contracts, ETNs
are backed by
the
credit-worthiness
of a financial
institution and
likely be
worthless if
that institution
went bankrupt.
Rather than try
to figure out
which ETNs are
supported by
financially-solid
institutions and
which ones
aren't, we have
decided to avoid
all ETNs. A
recent article
discussing ETN
risk can be
found
HERE.
"
This Video Says
It Well, in my
opinion
I received a
link to this
video from a
subscriber and
would like to
share.
Afterburner with
Bill Whittle, 3
and a Half Days.
Click Here
EDUCATION -
IDEAS -
PERFORMANCE
Sample of
Current Open
Positions
Sample of Closed
Positions
Closed Out
Insider Trades
- Average Gains
of 104%
...."Get
yourself
positioned to
take advantage
of this once in
a lifetime
ride."
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Dudley
Dudley Pierce Baker –
Owner/Editor –
Guadalajara/Ajijic,
Mexico
Bruce Ross –
Webmaster and
Administrative
Assistant –
Phoenix, USA
Jeff Baker -
Assistant Editor
and
Administrative
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