It’s already day three of the 30 Days to Becoming a Better Investor community event! Today, I have an interesting submission from Old Niu’s Blog.
Niu recently put together a two part series on Market Index Target Term Securities (MITTS). Part 1 of the series describes what MITTS are and how they work. Part 2 discusses how you can use MITTS, with its combination of protection against the downside and participation in the upside of the market, to achieve various investment objectives.
I have to admit that I was unfamiliar with this investment vehicle until reading these two articles. There is always more to learn. In general, I am suspecious of engineered financial products, but I can see how this product my be useful for some people. I’m interested in learning what your thought are on MITTS and other similar financial products.