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-   -   Inverse Government Long Bonds? (https://www.askmehelpdesk.com/showthread.php?t=303589)

  • Jan 14, 2009, 04:20 PM
    IdahoBiker
    Inverse Government Long Bonds?
    Hope someone can Help me. 3 Years ago I invested through my Brokerage (MSDW) 5000.00
    It was setup in Rydex Series FDS, Inverse Government Long Bonds. At this Point I'm showing a considerable LOSS? I was advised that this was a Extremely LOW Risk, and was Insured for the Principle and Interest that I had Invested, so why should my Brokerage be showing that it is -1700.00+
    They haven't talked to me or advised me in any way for almost 2 years now? Several years ago I gave them authorization for "Stop/Sell" orders, so IF these Bonds were at a Loss, and continuing to go down, why wasn't a Stop/Sell Order put into effect?
    What recourse do I have?
  • Jan 16, 2009, 10:44 AM
    walt17
    It isn't the broker's responsibility to stay in contact with you. In my experience, most brokers only contact you to get you to buy more stock. So they can make a commission. Or to fulfill legal requirements.

    "I was advised that this was a Extremely LOW Risk, and was Insured for the Principle and Interest that I had Invested"
    "I gave them authorization for "Stop/Sell" orders"


    Did you get that in writing? If so, take your documents to the broker and ask them to make it right. If they don't, contact an attorney.

    If you don't have it in writing, you are out of luck. Take your loss and sell. Then decide how, and where, you want to reinvest what's left. Or you could continue to hold, but I would sell and seek a safer investment.

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