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06-06-2024, 01:09 PM
#1
Should I put my money into a leveraged ETF?
Title.
So far all I've played with is stock options, money market funds, individual stocks. I sold all my positions recently and have $136k (none of this will be taxed due to prior years' losses, I'm at break-even).
NVDA has been my golden goose, however I'm not too keen on buying back into NVDA at $1200+ lol. Even though we know it'll be $120 after the stock split next week.
Noticed there's some interesting NVDA leveraged ETFs like NVDX which has a 2x ratio. Double the risk, double the reward.
I plan to use my money to buy a house, but not until early-middle next year. I've had the $136k sitting in a money market fund, which so far looks like will grow maybe $500-600/mo. If I put it into NVDA shares I might get some good gains or losses. If I put it into a leveraged NVDA ETF I might get some great gains or losses.
What would you do in this situation with a sum of cash you're just sitting on until you're closer to house purchase time?
So far all I've played with is stock options, money market funds, individual stocks. I sold all my positions recently and have $136k (none of this will be taxed due to prior years' losses, I'm at break-even).
NVDA has been my golden goose, however I'm not too keen on buying back into NVDA at $1200+ lol. Even though we know it'll be $120 after the stock split next week.
Noticed there's some interesting NVDA leveraged ETFs like NVDX which has a 2x ratio. Double the risk, double the reward.
I plan to use my money to buy a house, but not until early-middle next year. I've had the $136k sitting in a money market fund, which so far looks like will grow maybe $500-600/mo. If I put it into NVDA shares I might get some good gains or losses. If I put it into a leveraged NVDA ETF I might get some great gains or losses.
What would you do in this situation with a sum of cash you're just sitting on until you're closer to house purchase time?
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Everything I write is NOT financial advice.
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