Tuesday, December 23, 2008

Inverse ETFs announce massive dividends.

In case anyone out there owns any of the inverse ETFs like EEV, SDS, etc., and are wondering why they are down so much today, it is because they announced massive dividend payments. You'll get your dividend check around December 30th. Another reason why these things are better in IRA accounts where you don't have to pay taxes! Just like regular stocks, they fall by the amount of the dividend they pay out.

1 comment:

Walter said...

You read my mind Rick. Thanks for the info, and Merry Christmas.