Guggenheim S&P 500 Pure Value (RPV)
To balance out this aggressiveness just a little, I also bought Guggenheim S&P 500 Pure Value (RPV).
This was chosen to take advantage of the upward bias of the S&P in general, but with a focus on stocks that are undervalued. In theory, value stocks are already underpriced, so the downside risk is limited.
Genworth Financial (GNW) is its top holding, and it costs 0.35% in fees.
I’ll compare the returns of these securities with the indices later in December.
As of this writing, Lawrence Meyers was long UYG, TQQQ, UPRO, WMCR and RPV. He is president of PDL Broker, Inc., which brokers financing, strategic investments and distressed asset purchases between private equity firms and businesses. He also has written two books and blogs about public policy, journalistic integrity, popular culture, and world affairs. Contact him at firstname.lastname@example.org and follow his tweets @ichabodscranium.