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Animal Spirits Podcast

Talk Your Book: Positive and Negative Compounding: Trading Direxion Leveraged ETFs

Animal Spirits Podcast

The Compound

Investing, Business News, Business, News

4.72.1K Ratings

🗓️ 16 March 2020

⏱️ 30 minutes

🧾️ Download transcript

Summary

On today's show we speak with Dave Mazza, head of product at Direxion about trading levered ETFs, and other products they're working on. Find complete shownotes on our blogs... Ben Carlson’s A Wealth of Common Sense Michael Batnick’s The Irrelevant Investor Like us on Facebook And feel free to shoot us an email at animalspiritspod@gmail.com with any feedback, questions, recommendations, or ideas for future topics of conversation. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Today's Animal Spirits Talk Your Book is brought to you by direction.

0:04.3

Welcome to Animal Spirits, a show about markets, life and investing.

0:09.6

Join Michael Batnick and Ben Carlson as they talk about what they're reading, writing, and watching.

0:16.0

Michael Batnick and Ben Carlson work for Rit Holt's wealth management.

0:19.6

All opinions expressed by Michael and Ben or any podcast guests are solely their own opinions and do not

0:24.5

reflect the opinion of Ritt Holt's wealth management.

0:27.1

This podcast is for informational purposes only and should not be relied upon for investment decisions.

0:32.2

Clients of RITOLts Wealth Management

0:33.5

may maintain positions in the securities

0:35.2

discussed in this podcast.

0:37.4

So we sat down with Dave Maza

0:41.0

to talk about direction, to talk about their products their future and this is

0:47.2

definitely one of the more interesting fun families out there would you agree?

0:52.0

Yeah I thought this was probably one of the bigger

0:54.4

myth-busting podcasts that we've had because I think after talking to Dave there I changed my mind

1:01.0

on a lot of the ways that I look at these products I think.

1:03.6

Well I think especially because whenever you read about their products it is always in a negative light

1:10.0

and I understand why and listen I was steamrolled I all admit I lost some money trading these things

1:16.3

What was your triple inverse bearish financials or something so I started trading these things in 2010 and I was buying the triple levered bear

1:26.1

financials. The only problem is the bear market already ended and nobody told me.

1:31.2

You're a little late. But Dave was very upfront and

1:38.3

honest about the way that these should be used and how they're tactical

...

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