/biz/ - Business & Finance

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Anonymous Sat Dec 30 04:24:26 2023 No.57128538 [Reply] [Original]

My father put almost all his net worth in the s&p, 3x leveraged

>>	Anonymous Sat Dec 30 04:25:15 2023 No.57128544 File: 33 KB, 734x413, 1641440890405.jpg [View same] [iqdb] [saucenao] [google] >>57128538 Like father, like son.

>>	Anonymous Sat Dec 30 04:26:31 2023 No.57128553 >>57128544 But then again he has made a lot of good calls over the course of his life so idk

Anonymous Sat Dec 30 04:29:50 2023 No.57128570
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>>57128538

I'm assuming this is over years of investing?

The S&P 500 is at ATH. Why not transfer his leveraged gains into a Money Market Fund and then just let his leftover capital ride?

Why have a 3x leverage position at ATH?

>>	Anonymous Sat Dec 30 04:32:28 2023 No.57128584 Why can't he wait until the s&p exits its current overbought status? Is he really buying the top with leverage?

>>	Anonymous Sat Dec 30 04:35:36 2023 No.57128603 >>57128570 He's /biz/ bro, that's the /biz/ way. Like father like son finally makes fucking sense.

>>	Anonymous Sat Dec 30 04:59:18 2023 No.57128735 >>57128584 >>57128570 >muh ath Theres a massive cup and handle on the monthly chart. OPs dad is based

>>	Anonymous Sat Dec 30 05:47:33 2023 No.57128960 >>57128538 thanks, just sold 100k

>>	Anonymous Sat Dec 30 05:56:55 2023 No.57129005 I have a 3x short position on NASDAQ but if you time these leveraged ETF purchases wrong, you lose money through decay if the market is choppy. You need a clear trend for leveraged ETFs

>>	Anonymous Sat Dec 30 06:01:02 2023 No.57129020 >>57128735 Well shit, who cares if he loses all his money as long as a random 4chan NPC thinks he's 'based'.

>>	Anonymous Sat Dec 30 06:03:22 2023 No.57129026 File: 121 KB, 903x634, 1696603396007991.jpg [View same] [iqdb] [saucenao] [google] I think it's got another 10% in it. Basically, inflation adjusted ATH.

>>	Anonymous Sat Dec 30 06:06:39 2023 No.57129038 >>57128538 It's going to 7k over the next 2 years so I'd say that's a pretty good call.

>>	Anonymous Sat Dec 30 06:38:13 2023 No.57129152 >>57129020 >losing all your money >s&p Unironically dilate

>>	Anonymous Sat Dec 30 06:39:53 2023 No.57129160 >>57129152 There's a massive difference between the s&p and leveraged etfs of the s&p nigger

>>	Anonymous Sat Dec 30 06:43:40 2023 No.57129170 >>57129160 Post your portfolio dumbfuck

>>	Anonymous Sat Dec 30 06:46:31 2023 No.57129182 >>57128538 >almost >all pick one oh and i think you mean he put in probably like 10% of his life earnings

>>	Anonymous Sat Dec 30 07:03:39 2023 No.57129251 >>57128538 either he is doing incredibly well, or he just did that this week, and some time next year he will be an hero

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