Some ETNs Could Become Worthless…


The Warrant Report
November 14, 2011

Some ETNs Could Become Worthless…

In this issue:

  • Some ETNs Could Become Worthless
  • This Video Says It Well, in my opinion…..

Some ETNs Could Become Worthless

A friend and fellow newsletter writer at The Speculative Investor, Steve Saville had a good write up and explanation on the ETNs, Exchange Traded Notes. We agree with Steve’s opinions and want to share with you as well.

….”In previous commentaries we said we would steer clear of ETNs (Exchange Traded Notes) due to heightened credit risk. Unlike ETFs (Exchange Traded Funds), which are backed by shares or commodities or bonds or futures contracts, ETNs are backed by the credit-worthiness of a financial institution and likely be worthless if that institution went bankrupt. Rather than try to figure out which ETNs are supported by financially-solid institutions and which ones aren’t, we have decided to avoid all ETNs. A recent article discussing ETN risk can be found HERE. “

This Video Says It Well, in my opinion

I received a link to this video from a subscriber and would like to share. Afterburner with Bill Whittle, 3 and a Half Days.

Click Here

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Dudley Pierce Baker – Owner/Editor – Guadalajara/Ajijic, Mexico
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