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Re: Newb to investing qustions needing answers
The tax issue you mention is specific to the US. I don't know how relevant it is to the OP (not at all relevant to me).
There are other funding issues to consider. ETFs pay a dividend whereas if you were planning long term investments with futures you'd need a lot of money in your brokerage account (probably not receiving any interest) to cover the large drawdowns that you'd probably suffer.
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