There’s one investment you simply must not hold in this market crash—a highly speculative, high-yielding instrument called an exchange traded note (ETN).
Does the name sound familiar? That’s probably because it sounds like “exchange-traded fund,” or ETF. But an ETN isn’t like an ETF at all—and that’s a distinction many people fail to make.
So what’s an ETN, then?
It’s a highly leveraged, speculative instrument that lets investors access particular asset classes. In good times, ETNs can skyrocket. These, however are, er, more interesting times.
ETNs: Guaranteed Losses in the Coronavirus Crisis
As a result of the coronavirus selloff, ETNs aren’t just going to rack up big losses—they’re going to go to zero.… Read more