| I moved to energy stocks. |
| OP, what is a double leveraged ETFs? And how are they different from IAUM for example? Just here to learn...relative newbie and I find this forum fascinating. |
It just doubles the gain or loss each day. It resets each day. On an upward trend it does well. On a downward trend you can magnify your losses. |
If you hand pick stocks you are not a sophisticated trader. You should be getting index funds. |
Given the current environment with the fed, PE and QE, I'd pivot to precious metals (slam dunk) and then levered funds 4x after things cool off and are about to heat up again. Rinse and repeat. |
Yup! So much market juicing coming soon which will also inflate the value of the dollar. I’m plowing more money into GLTR and AGQ. |
| What are you preferred precious metals ETFs? |
| leveraged funds are the easiest way to lose everything super fast. Just go to the casino if you are this degenerate. All the 2x/3x funds perform horribly even if you were "right" about the trend. |
Whatever! We gonna see. I’m only buying 2x leverage ones, so the decay isn’t bad. Plus we are on this huge upward trend and I wanna get paid! You can stick with boring azz VOO and watch it crash soon. I’m gonna lay it on the line with AGQ for another month or so, then sell that, but go my DGP and UGl going for 5 months more. They are fking killing it!!!! Why would precious metals stop soon. Have we have a time like now in modern history with so much uncertainty. Everyone is rushing to precious metals because it’s the only thing that beats inflation and you can rely on. Not fking NVIDIA or whatever. You think we are going to have a financial crash soon? Look at the insanity. Read a fking newspaper. Gold ETFs are the only logical bet. And silver for a while, too. We are living in the craziest period since WW2 ended and you fking know it too. |
| With all the genius on display here, it's remarkable that anyone has time to post their sage advice. I'd have thought5 they'd be too busy counting and spending the vast wealth they have accumulated by following their own insightful secrets to rapid riches. |
Por que no los dos? |
yes please share |
Hmm. The Vietnam War, American leaders getting assassinated left and right, mass protests and riots in the 60s. Stagflation and lines at gas stations in the 70s. 9/11 mass terrorist attack on American soil and the ensuing twenty years of war in the Middle East. World wide financial crisis in 2008. Worldwide pandemic and Trump first term. Let me give you a hint - the period we live in is as crazy as any other period since WW2, you’re just too close to this period to see the forest through the trees. We’ll weather this storm and boring old S&P index funds will march on over the long term with sometimes large dips in the short term. |
You really have no idea what’s going on, do you? I guess being an ostrich is comfortable for you. |
New Poster. Funny, I have seen the Asian AI guy since I have recently been watching YouTube videos on silver prices. I spent about $45K back in 2015-2017 buying a lot of Silver Eagles, and some gold and platinum as well. Put it in the safety deposit box and haven't really thought about it. Crunched the numbers at these prices and my hoard is now worth about $175K. But I have no reason to sell, and it was just kind of fun buying back then when silver was around $15/ounce. I have about 1,110 oz Silver (mix of bars and Eagles), 12 oz gold, and 9 oz Platinum. I was cheap back then and bought platinum eagles since I always understood platinum was rarer, and it was cheaper than the gold. Learned my lesson that platinum is not a great investment. |