Friday, May 29, 2009

Short Takes: Shorting 2X ETFs and Mortgage Penalties

1. Preet takes a detailed look at strategies for shorting bull and bear double-exposure ETFs simultaneously.

2. Ellen Roseman addresses interest rate differential (IRD) penalties for paying off a fixed-rate mortgage early. Based on the comments on this article, it seems that people often get caught when they sell homes before the end of the terms of their mortgages. The penalty amounts can be quite large.

3. Big Cajun Man thinks the new rules for credit card companies should have gone further. In particular, he’d like to see lower interest rates on credit cards.