Official Short-term Investments Thread

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[ercchry]

^^called it

[max_boost]

I hope this lesson is helpful

[Misterman]

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Leveraged ETFs ... "if you look at the all time chart on ANY leveraged bull ETF"... strong returns.. over long haul...



LMAO.

I want what this guy is smoking.

You'd think it would be common sense to at least glance at a chart before replying. I might be naive in saying this, but I do believe that $63 is exponentially more than $3. That's about a 2100% gain in 13 years.

https://ca.finance.yahoo.com/chart/S...xpZXIiOjF9fV19

[Misterman]

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Of course it's a common perspective; it's objectively correct.

Well I'm not claiming to be a financial manager, but I can read a chart. If you can describe what factors make this inaccurate without using the word "decay", I'm all ears.

[ExtraSlow]

It's my opinion that you are back-testing an unusual product against an unusual period in history and seeing unusual results.

That's my opinion, and I have no chart to back it up. As always, do your own due diligence, set a limit and play within it.

[Misterman]

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It's my opinion that you are back-testing an unusual product against an unusual period in history and seeing unusual results.

That's my opinion, and I have no chart to back it up. As always, do your own due diligence, set a limit and play within it.

I'm looking at the chart from the inception of the fund, not from a specific window in history. If you want to insinuate that the fund was started at a unique time in history that allowed it to coincidentally be profitable, that's a fair argument to make. However one can simply look at an all time chart for the S&P500 to have an idea how a leveraged bull fund would perform over all of history. The entire basis of stock market investing is based on the fact that indexes gain an average of 10% per year. If you 3x leverage that, in theory you'd see much bigger swings in the down turns years, but overall should be 30% per year average return.

S&P500 since it's inception has returned roughly 3000%. If someone wants to explain in laymen terms why 3x leverage of that is somehow negative instead of 9000%, I'm all ears.

[Disoblige]

I know Misterman is controversial on here in general and I don't mind any of it before, but this thread alone on the comments he is making has lost him all credibility. Like real Mar level shit here.

[Misterman]

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I know Misterman is controversial on here in general and I don't mind any of it before, but this thread alone on the comments he is making has lost him all credibility. Like real Mar level shit here.

So you don't know either hey? Seems like nobody does.

I acknowledged that general consensus is to not hold leveraged ETF's long term, but that the chart seems to say otherwise. What is lacking credibility about that? I didn't advise anyone to do it, I didn't claim I'm doing that myself, I simply noticed that the data doesn't quantify the consensus. I was actually hoping someone might have some knowledge on the subject to discuss it and fill me in.

My only other posts in this thread for the past few years have been me posting when I purchase something, and then posting again down the road when I sell. And those have all been massively profitable trades. So again, I'm not sure what part of my posting in this thread is lacking credibility?

[ExtraSlow]

Posted this in the wrong thread, because I am apparently like that.

I'm not smart enough to explain it but you can make the mathematical proof with a spreadsheet and a random number generator if you like.
This link does its best to explain.
https://bfy.tw/Td3F

https://forums.beyond.ca/threads/416...45#post5084745

But I was serious about the spreadsheet. Might also be worth reading the fine print on the prospectus. It's a pain in the dick, but worth your time.

[Misterman]

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Posted this in the wrong thread, because I am apparently like that.

https://forums.beyond.ca/threads/416...45#post5084745

But I was serious about the spreadsheet. Might also be worth reading the fine print on the prospectus. It's a pain in the dick, but worth your time.

I was hoping for something more than "I read a random Investopedia article that says so" I've read those as well, as mentioned above. I know the internet never lies............... so it's odd that the charts don't line up with internet folklore.

In any sense, this is the short term investments thread. I have made a short term investment in a leveraged bear ETF. Just sharing about it here. I'll share again when I sell it. If it's unprofitable you can shit talk me all you like if that is the true hidden intention of the thread.

[ExtraSlow]

That's a Texas-sized 10-4.

[DonJuan]

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I have made a short term investment in a leveraged bear ETF. Just sharing about it here. I'll share again when I sell it. If it's unprofitable you can shit talk me all you like if that is the true hidden intention of the thread.

Disclose the ETF so we can also confirm double meat sub or washroom sink water bottle fill.

[mr2mike]

Confirm, Dasani reusable or Yeti for sink water.

[DonJuan]

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Confirm, Dasani reusable or Yeti for sink water.

I got a supplier branded Yeti bottle a couple years ago. Super sweet; wife stole it from me.

[cdnsir]

Anyone uses IBKR? Thinking about opening an account and didn’t want to waste the free referral. PM me.

[ercchry]

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Anyone uses IBKR? Thinking about opening an account and didn’t want to waste the free referral. PM me.

The referral system’s fine print is my least favourite part about them (besides the whole GME thing)… but just can’t beat the fees on options… sigh…

https://ibkr.com/referral/eric346

[cdnsir]

Thanks! Yeah questrade is $11 + $1 for each contract on top. Not a lot but it adds up quick

[ercchry]

Yeah, questrade is pricy, especially when talking big volumes of cheap OTM options… they win for stocks though, especially registered/cash accounts as they don’t make you wait 3 days for the sale to settle where as IBKR does… IBKR is my options account though… looks like I’m just a pure degenerate over there as conservatives stocks are Questrade or RBC accounts

[cdnsir]

LOL. This is the way.

Leave rrsp at questrade. Moving tfsa to ibkr as a Lambo-savings account.