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ยป Why do ppl say **** about leveraged etfs?
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post 1702290821 06-12-2024, 08:28 PM
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#1
  1. johnnydeep1
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  1. johnnydeep1
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  3. Join Date: Jun 2018
  4. Age: 56
  5. Posts: 43,974
  6. Rep Power: 20436

Why do ppl say **** about leveraged etfs?

I DACed 43,000 in TECL and SPXL over the last 2 years and now I have $93,000. I put in around $500-2,000 per month over the past 2 years.

Its a game of risks/rewards. You aren't going to become a millionaire like that without putting in some major risk. I ,nor should anyone else, recommend that you put all your $$$ in leveraged ETFs ; that said I personally think its worth the risk based off what I have seen leveraged etfs do since their inception, back tracking, corporate profits etc. But of course others would not feel comfortable with that risk, and that's OK as well.

You can easily become a millionaire in 10 years with leveraged etf's. I also use some SPUU for my roth IRA.
AGE-28
Wt-165
HT-5'10"
Bench-100 dumbbell press-5 reps
*Mechanical Engineer*
post 1702290891 06-12-2024, 08:30 PM
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#2
  1. johnnydeep1
  2. Registered User
  1. johnnydeep1
  2. Registered User
  3. Join Date: Jun 2018
  4. Age: 56
  5. Posts: 43,974
  6. Rep Power: 20436
And I don't care what some fat foid with a marketing degree who gained like 100 lbs since college on Reddit or some random personal finance website says about it. I've done my own research and know the own risks/rewards. I recommend that you do too if you are into this stuff.
AGE-28
Wt-165
HT-5'10"
Bench-100 dumbbell press-5 reps
*Mechanical Engineer*
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