/biz/ - Business & Finance

>>17463718
>working on a vaccine I meant to write, not a virus
>>17463723
>Should I buy leveraged S&P NOW?
I have about 15% of my available funds in the market and will buy more as the prices get better. As you know, without a crystal ball there is no way to predict when we will bounce back. It could be next month of next year. Buy a little now and as the situation develops, buy more. If you just get a little and we bounce right back (less and less likely) then you made some money. If the market continues to plunge and you continue to get a lot more you will be extremely happy on the other side. The thing about these leveraged ETFs is the cheaper the underlying gets, the leveraged version is moving 2 or 3 times faster so it's getting just that much more cheaper. Now that the market is down over 9% from the high, the time to start buying is immediately. Maybe 10 or 15% of your cash to start and think about getting more as we go through the support lines (in green on pic related). In the financial crisis, the market went down 55% from its peak and I'm thinking the covid-19 situation won't get any worse than that so stage successively larger buys between here and that possible 55% drop. If it does really get bad in the next year and the price really hits rock bottom that's when you want to throw everything you have at it. Sell valuables if you have to. The bounce on the other side be it a year from now or 3 years will be absolutely legendary and you will be extremely happy. This is precisely my plan but with SOXL and TECL rather than SSO (DBPG for euroanons).