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UPAR: A Replacement for Comproducer Equities
Drew: I've been spending more time looking into UPAR as a replacement for some of the equities in my accumulation portfolio. Do you think that the expense ratio is reasonable for the 1.68 leverage you get in UPAR? Certainly seems easier than managing the futures on my own plus rebalancing plus taxes. The ETF structure should provide tax efficiency. Long bonds should do fine for expected inflation over time, which leaves me with your beloved tips.