March 4, 2012
Tracking error happens when a fund’s performance deviates from the performance of an index it seeks to track. The SPY ETF is supposed to track the performance, before fees and expenses, of the S&P500 index. Should the fund perform above or below the performance of the S&P500 index, it would experience tracking error. It would […]
Read the full article →
December 6, 2011
Every few months, I’ve been repeating the same pattern of shorting out of the money leveraged ETFs on US Treasuries and keeping the premiums when the options expire. It’s been a nice way to supplement largely flat market returns with recurring income, and in my view, without taking on an inordinate amount of risk. Since […]
Read the full article →