Why Consider BDCL Again?
The primary reason to buy any of the 2x Leveraged High-Yield ETNs, such as the UBS ETRACS 2x Leveraged Long Wells Fargo® Business Development Company ETN (NYSEARCA:BDCL), is the high current yields. I have written about my portfolio where the most important constraint is to only include securities with current yields above 15%. Other constraints are the typical retail IRA account restrictions which preclude the use of short-selling, margin borrowing, most options strategies and futures contracts. Some brokerage firms also impose additional constraints on IRA accounts. I suspect that