Sunday, March 22, 2009

An idea on how to refund Madoff's victims

The government managed to seize around $1 Billion from his company and other personal assets.
I suggest they use that cash to buy the following ;
Direxion Financial Bull 3X Shares (FAS)
The investment seeks to replicate, net of expenses, 300% of the daily performance of the Russell 1000 Financial Services Index .
Buy and hold for 5 years.

1 comment:

Anonymous said...

5 years holding onto an ultra-leveraged fund? The decay would leave only the fund issuing company in profits!