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Make $120k Accenture now doing tech implementations, just got offer 200k TC EY business consulting. I love my job, have a great WLB (working 20 hours per week, no travel, clear path to M in about 1.5 years) - am I an idiot for even contemplating staying? What I would be doing is more PPT/functional vs Onestream/technical which I do now.
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Are there any ETFs for blockchain companies?
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Rising Star
Even with a 2% cash back card, 200 cash back per month means you are spending 10K per month. If that’s the case, I think you may want to ask other questions on your budgeting, spending, saving and investing. This seems too narrow a question
And BTW - nothing wrong in your strategy
Rising Star
I missed the ‘T’ in TQQQ. It is a bad idea without a hedge. It can drop like a rock and not recover
Pro
Look at the leveraged charts basically they go to $0. Instead look at regular index funds
Pro
Yes, if using smaller money go for it. Just don’t recommend for life savings. I do see current upside looking at charts, but yield rates on bonds and fed policy are changing too.
This is a bad idea.
From the TQQQ prospectus “ProShares UltraPro QQQ (the “Fund”) seeks investment results for a single day only, not for longer periods.” … “The return of the Fund for periods longer than a single day will be the result of each day’s returns compounded over the period, which will very likely differ from three times (3x) the return of the NASDAQ-100 Index® (the “Index”) for that period. For periods longer than a single day, the Fund will lose money when the level of the Index is flat, and it is possible that the Fund will lose money even if the level of the Index rises.”
And what if it does not stay good or drops and doesn’t start getting good again for a few years? Just be sure you are prepared to stay in it a long time if you don’t plan to use it in the way it is meant to be used.
Cosign A1 - leveraged etfs are not good long term holds. The reason why is volatility decay. If things go well, great, but if things don’t go well you’re losing at a higher than market rate and overall it doesn’t even out. These funds are meant for short term ie market timed trading. And there are others than aren’t 3x leveraged btw. I think you might do better saving your cash back monthly and then buying into VOO or VTI (or QQQ) at good price points.
Good points but I would argue the past 5-10 yrs or even really post financial crisis have created a situation where that investment is like a long market timed play around interest rates. If that environment persists as interest rates rise is the big question. Bc if not then you have the decay issue.
Should talk to a financial advisor. Leveraged etfs have a high load and can be unsuitable for long term investments. Not financial advice