Five ETFs That Screwed Retail Investors B.C. (Before Crude)

Total carnage in crude oil this week…

Interestingly enough, retail investors have been BTFDing oil ETFs for over a month. Then they went completely nuts on the historic day the price went into the negative.

Needless to say, billions of dollars of wealth have been destroyed.

Source: Twitter

But the actual situation these retail investors are finding themselves in is even worse than it seems. A few skeptical minds will put their P&L side by side the spot price of oil, and wonder why the former dramatically underperformed the latter. (I’ll explain this later.)

That’s when they realized they did not understand at all what they were buying...