/biz/ - Business & Finance

>>18729010
Did a couple grand on that futures pump last night. Not sim
>>18729087
>Had you bought my reverse engineered 3x spy etf(without fees) at the 2007 top you would have only broken even in 2017 and would have been red on the last dip, compared to vanilla spy's breakeven in 2013 and still massively green in the last dip.
>Buying 3x for a long term hold in the current situation is quite stupid when you're just a noob.
There were no 3x index ETFs at the 2007 top and even there had been what kind of "noob" is going to just go all in at once rather than DCAing over a long period of time like 99% of long term investors do. Rerun your simulation a little more realistically. As far as simulations go, triple leveraged index ETFs have been simulated over the last 150 years through the depression, black monday, the dot crash, the GFC, etc. taking into account volatility, fees, slippage, the whole bit and have delivered gains orders of magnitude greater than SPY.
>>18729125
It's beautiful