/biz/ - Business & Finance

>>58357075
>QQQ is awesome if you like donating money to shitty companies instead of just buying the winners
Post your 5 year annual return. We'll compare it to QQQ. Preferably with a 6 figure or higher account. You are at least in 6 figures right?

Shout out to the anon with the 0.01% chance with his NVDA call option. And the broker that gave him options privileges.

>>57096297
Most leveraged ETFs don't work long term due to the mean annual volatility of the underlying. To keep it simple you want a mean IV under 20, and a history on long term performance for the underlying. Which leaves you with broad market ETFs like SPY and QQQ. The mean IV for SPY is 14, and it can (optimally) run around 3x daily leverage. QQQ has a mean IV of 18 and can (optimally) run 2x daily leverage. You should also compare the performance of 2x and 3x versus the underlying. QLD (2x QQQ) has done 2.15x (over the past 5 year) versus the underlying. Whereas TQQQ (3x QQQ) has shown the effects of volatility drag with 2.7x. I think 2x ETFs for SPY and QQQ can be a relatively safe hold long term as long as the US is still strong.

>>57017882
Put your savings in a money market fund or high yield. Put your long term investments in SP 500 or Nasdaq 100. Max your tax advantaged accounts (go with Roth over traditional). It's literally that easy.