Zero Lessons Learned: Retail Investors Are Again Pouring Money Into Short VIX ETFs

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Zero Hedge—After last Monday's terminal event for the XIV - which at the time was the second largest inverse VIX ETN, before a the so-called volocaust and the subsequent record VIX eruption, resulted in a 96% NAV loss and subsequent termination "acceleration"... ... one would assume that retail investors - the target audience of volatility ETPs - had learned their lesson and after suffering a near total wipeout, would stop shorting vol and in general, no longer collect pennies in front of steamrollers....

I learned my biggest money lesson the hard way — here's how you can learn from my mistake. William Thomas Cain/Getty Images It is risky to invest a large sum in individual stocks unless you are in the stock market business.  Analysts and big investors will be notified of any forecasted stock changes long before the smaller investors, and accordingly are less likely to make a loss. Hiring a stock broker to make your investments for you will generally yield more profitable results. A long time ago in an era far, far away I once bought a stock. This was in 1988 and the company, which...