Anyone have a Hedge Street Account?

[4EEM]

Hi.
I recently came across a website called hedgestreet.com

They allow you to bet on housing markets, interest rates, etc.

Does anyone have an account with them or know someone who does?  If so I would like some first hand information.

[DDavis]

I leave hedging to the pros.  If spent as much money on mortgage interest as Southwest Airlines spends on jet fuel, I would consider hedging.  Of course, that would also mean that I'd have a team of multi-degree'd,  commodity-trading experts to make those decisions for me.   Even the pros make disasterous mistakes, eg., Long Term Capital Managment.

Since I have no idea what interest rates will be in 3 months, I'm not going to bet my money on it.

[4EEM]

Good reason to not setup an account.
I've been doing a little research on this website and I'm interested in the concept, but I want some first hand information.

I used one of their calculators and the bet was 2:1 that the fed rate was not going to be 4.25!
I would take that bet all day.  I've been watching the fed long enough that I am 90% confident we are going to get a bump the 31st and I'm 95% confident if we do get a bump it's going to be a 25 Bps.

Problem is that I'm a cynic.  I have to ask myself, "what's the catch?"  Can't find anyone who has used this system.
 

[niravmd]

no, but i have a broker managed commodity trading account.
i'm up nearly 30% since april ;-D