User Panel
User Panel
User Panel
|
Posted: 5/9/2020 4:36:23 PM EDT
[#1]
|
|
|
|
Posted: 5/9/2020 8:04:20 PM EDT
[#2]
|
|
|
|
Posted: 5/10/2020 12:53:27 PM EDT
[#3]
Those leveraged ETFs aren’t intended to be held for a year, FYI.
|
|
|
|
Posted: 5/10/2020 2:33:02 PM EDT
[#4]
Quote HistoryOriginally Posted By Tit_Dirt: Those leveraged ETFs aren’t intended to be held for a year, FYI. That's ancient nonsense FYI |
|
|
|
Posted: 5/10/2020 3:10:56 PM EDT
[#5]
Quote HistoryOriginally Posted By dragonstalk: That's ancient nonsense FYI Quote HistoryOriginally Posted By dragonstalk: Originally Posted By Tit_Dirt: Those leveraged ETFs aren’t intended to be held for a year, FYI. That's ancient nonsense FYI “The fund is not intended to be used by, and not appropriate for, investors who do not intend to actively manage and monitor their portfolios. For periods longer than a single day, the fund will lose money if the index’s performance is flat, and it is possible that the fund will lose money even if the index’s performance increases over a period longer than a single day.” “The fund does not seek to achieve its stated investment objective for a period of time different than a trading day” These quotes and more like them are all throughout the prospectus. This isn’t intended to be a long term buy and hold product. |
|
|
|
Posted: 5/10/2020 10:08:06 PM EDT
[#6]
Quote HistoryOriginally Posted By Tit_Dirt: “The fund is not intended to be used by, and not appropriate for, investors who do not intend to actively manage and monitor their portfolios. For periods longer than a single day, the fund will lose money if the index’s performance is flat, and it is possible that the fund will lose money even if the index’s performance increases over a period longer than a single day.” “The fund does not seek to achieve its stated investment objective for a period of time different than a trading day” These quotes and more like them are all throughout the prospectus. This isn’t intended to be a long term buy and hold product. Quote HistoryOriginally Posted By Tit_Dirt: Originally Posted By dragonstalk: Originally Posted By Tit_Dirt: Those leveraged ETFs aren’t intended to be held for a year, FYI. That's ancient nonsense FYI “The fund is not intended to be used by, and not appropriate for, investors who do not intend to actively manage and monitor their portfolios. For periods longer than a single day, the fund will lose money if the index’s performance is flat, and it is possible that the fund will lose money even if the index’s performance increases over a period longer than a single day.” “The fund does not seek to achieve its stated investment objective for a period of time different than a trading day” These quotes and more like them are all throughout the prospectus. This isn’t intended to be a long term buy and hold product. I would believe that if they didn’t give a dividend (albeit a small one) |
|
|
|
Posted: 5/10/2020 11:24:43 PM EDT
[#7]
Quote HistoryOriginally Posted By Tit_Dirt: “The fund is not intended to be used by, and not appropriate for, investors who do not intend to actively manage and monitor their portfolios. For periods longer than a single day, the fund will lose money if the index’s performance is flat, and it is possible that the fund will lose money even if the index’s performance increases over a period longer than a single day.” “The fund does not seek to achieve its stated investment objective for a period of time different than a trading day” These quotes and more like them are all throughout the prospectus. This isn’t intended to be a long term buy and hold product. and bitcoin wasn't intended to be a speculative asset, yet it is HSA wasn't intended to be a backdoor IRA, yet it is nowhere in that prospectus does it say you can't do it, just intention run some backtesting of non-inverse leveraged ETF's, they blow most portfolios out of the water |
|
|
|
Posted: 5/10/2020 11:57:33 PM EDT
[#8]
Quote HistoryOriginally Posted By 20229mm: I would believe that if they didn’t give a dividend (albeit a small one) Quote HistoryOriginally Posted By 20229mm: Originally Posted By Tit_Dirt: Originally Posted By dragonstalk: Originally Posted By Tit_Dirt: Those leveraged ETFs aren’t intended to be held for a year, FYI. That's ancient nonsense FYI “The fund is not intended to be used by, and not appropriate for, investors who do not intend to actively manage and monitor their portfolios. For periods longer than a single day, the fund will lose money if the index’s performance is flat, and it is possible that the fund will lose money even if the index’s performance increases over a period longer than a single day.” “The fund does not seek to achieve its stated investment objective for a period of time different than a trading day” These quotes and more like them are all throughout the prospectus. This isn’t intended to be a long term buy and hold product. I would believe that if they didn’t give a dividend (albeit a small one) I didn’t make those quotes up, they are straight from Direxion. I guess you can choose to believe the company about their own fund or not 
|
|
|
|
Posted: 5/11/2020 12:05:52 AM EDT
[#9]
Quote HistoryOriginally Posted By dragonstalk: and bitcoin wasn't intended to be a speculative asset, yet it is HSA wasn't intended to be a backdoor IRA, yet it is nowhere in that prospectus does it say you can't do it, just intention run some backtesting of non-inverse leveraged ETF's, they blow most portfolios out of the water Quote HistoryOriginally Posted By dragonstalk: Originally Posted By Tit_Dirt: “The fund is not intended to be used by, and not appropriate for, investors who do not intend to actively manage and monitor their portfolios. For periods longer than a single day, the fund will lose money if the index’s performance is flat, and it is possible that the fund will lose money even if the index’s performance increases over a period longer than a single day.” “The fund does not seek to achieve its stated investment objective for a period of time different than a trading day” These quotes and more like them are all throughout the prospectus. This isn’t intended to be a long term buy and hold product. and bitcoin wasn't intended to be a speculative asset, yet it is HSA wasn't intended to be a backdoor IRA, yet it is nowhere in that prospectus does it say you can't do it, just intention run some backtesting of non-inverse leveraged ETF's, they blow most portfolios out of the water Oh I’m well aware there’s nothing stopping you from holding them long term, but Direxion, who stands to benefit from folks purchasing their ETFs, tells you in bold letters multiple places not to do it for a reason. There are hidden risks there. Otherwise, why would anyone hold an SP 500 fund for 30 years when UPRO exists? Or long term treasurys when TMF exists? Leverage your whole portfolio and “blow other portfolios out of the water”. I was only trying to bring it to OPs attention because the way he asked the question I figured there was a good chance he doesn’t fully understand what he’s thinking about buying here. |
|
|
|
Posted: 5/11/2020 12:53:37 AM EDT
[#10]
To clarify my portfolio.
I have plenty in my 401 and my IRA. Mostly set to DRIP or mid caps. This is purely fuck money. Toss 5-10g at it and wait. It’ll be 100g at some point. |
|
|
|
Posted: 5/11/2020 12:54:07 PM EDT
[#11]
Quote HistoryQuoted: To clarify my portfolio. I have plenty in my 401 and my IRA. Mostly set to DRIP or mid caps. This is purely fuck money. Toss 5-10g at it and wait. It'll be 100g at some point. |
|
|
|
Posted: 5/11/2020 2:25:47 PM EDT
[#12]
Quote HistoryOriginally Posted By wvar15: If you are long on oil, why not just buy the oil companies you like? This fund makes no sense to me. It's 2x leveraged but has 61% of its holdings in cash or bonds. Doesn't that negate the 2x leverage? On top of that they charge almost 1 percent in fees to own it. Quote HistoryOriginally Posted By wvar15: Originally Posted By 20229mm: To clarify my portfolio. I have plenty in my 401 and my IRA. Mostly set to DRIP or mid caps. This is purely fuck money. Toss 5-10g at it and wait. It'll be 100g at some point. These funds achieve their leverage through derivatives. The cash is mostly there to cover losses on the derivatives. So no it doesn’t negate the leverage. |
|
|
Win a FREE Membership!
Sign up for the ARFCOM weekly newsletter and be entered to win a free ARFCOM membership. One new winner* is announced every week!
You will receive an email every Friday morning featuring the latest chatter from the hottest topics, breaking news surrounding legislation, as well as exclusive deals only available to ARFCOM email subscribers.
AR15.COM is the world's largest firearm community and is a gathering place for firearm enthusiasts of all types.
From hunters and military members, to competition shooters and general firearm enthusiasts, we welcome anyone who values and respects the way of the firearm.
Subscribe to our monthly Newsletter to receive firearm news, product discounts from your favorite Industry Partners, and more.
Copyright © 1996-2024 AR15.COM LLC. All Rights Reserved.
Any use of this content without express written consent is prohibited.
AR15.Com reserves the right to overwrite or replace any affiliate, commercial, or monetizable links, posted by users, with our own.
