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According to a Bankrate survey, most top experts believe a stock market correction is likely next year. Moreover, last month, the ‘Rich Dad Poor Dad’ author Robert Kiyosaki said, “Giant stock market crash coming October.” Against this backdrop, we think it could be wise to invest in inverse ETFs because they profit from a decline in the value of an underlying benchmark.
So, if one agrees with Kiyosaki’s market collapse prediction, one could add inverse ETFs ProShares UltraPro Short QQQ (SQQQ), ProShares Short Dow30 (DOG), ProShares Short Russell2000 (RWM), and Direxion Daily S&P 500 Bear 1X Shares (SPDN) to one’s portfolio.
