Hello investors,
I often get asked the question about what one can do in a market pullback. There are several things one can do:
- Tighten up stop losses
- Buy Contra-ETFs
- Short Stocks
- Buy put options (provided your share is optionable)
- Sell calls options on your shares to lower your costs (provided your share is optionable)
- Put 4. and 5. together – and implement a collar option (provided your share is optionable)
- Sell out and go to cash – yes – cash is a position
You may have seen several videos on this in the past provided by VectorVest in the VectorVest university. It is certainly worth revisiting in the current market conditions.
I wanted to concentrate on 2. per above – that is to Buy Contra-ETFs.
First question you may have – what is a Contra-ETF / Inverse ETF?
To quote from invstopedia.com:
An inverse ETF is an exchange-traded fund (ETF) that is constructed by using various derivatives for the purpose of profiting from a decline in the value of an underlying benchmark. Investing in these ETFs is similar to holding various short positions, or using a combination of advanced investment strategies to profit from falling prices.”
You are effectively shorting the market without having to short any stocks or indices. You buy the Contra-ETF just like you would any other share. The only difference being – that as the share market goes down – the Contra-ETFs are likely to go up and vica-versa.
Currently in Australia – there are 2 Contra-ETFs:
BEAR
BBOZ
One would look to hold Contra-ETFs in a falling market and sell out of them in a rising market. I got to work to investigate this further for Australia using VectorVest.
Have a look at the short video – where I have a look at these 2 Contra-ETFs to see how they respond to market downturns and market upturns. In addition, I also cover the Contra-ETFs in the United States (where there are over 100 Contra-ETFs).
Regards,
Russell.
DISCLAIMER: PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS. YOU SHOULD CONSULT WITH YOUR LEGAL, TAX, FINANCIAL, AND OTHER ADVISERS PRIOR TO MAKING AN INVESTMENT WITH VECTORVEST
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