Guys, I switched jerbs 3 months ago and dumped 4 old company 401(k)s into an IRA with Fidelity. Needless to say I needed to do that a while ago.
Anyway, a couple of weeks ago I was researching inverse ETFs and pulled the trigger on SQQQ, figuring that bouncing off of an all-time high this summer would almost guarantee a pullback, or at least protect my gains in other holdings. If you look it now, you'll see that my grab was well-timed. Yes, I am pulling that rookie stock-investor thought of "if only I bought more shares when I did!!1!1"
I'm not saying people need to buy them now, but at least look at inverse ETFs as a buy-and-hold option to protect your portfolio in a downturn....