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ยป Why do ppl say **** about leveraged etfs?
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post 1702571201 06-19-2024, 05:24 PM
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#1
  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

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

I DACed 43,000 in TECL and SPXL over the last 2 years and now I have $106,000 in leveraged ETFs alone.
Herers proof:


And that was like 5 day old pic. Today its 107,000.

I put in around $500-2,500 per month over the past 2 years.

Its a game of risks/rewards. You aren't going to become a millionaire quick like that without putting in some major risk. Or unless you go to medical school or some top law school or business school and get a $200,000+ year job after graduation.

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. Leveraged decay can be devastating and you MUST dac even when times are tough and you are at a loss.

That said, 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 1702571241 06-19-2024, 05:25 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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