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Sure. If the buyer was willing to hold on to the leveraged ETF for the multiple times when the chart indicates that the drawdown was more than 50%.

Unless you know what you are doing stay away from 2x and 3x leveraged funds. They are not designed for long term investments. See my post in https://www.elitetrader.com/et/threads/leveraged-etfs-on-dow-s-p.316926/#post-4581766 If you believe that the S&P will crash in the next year, what you...

MTUM would be classified as an Active ETF, i.e. one that rebalances its holdings every 3 to 6 months, based on some criteria. In MTUM's case that criteria would be stocks with high momentum. MTUM is currently heavily weighted towards Tech and Financial stocks. As for taxes, MTUM's tax...

How is this a victory for minimum wage increase advocates? To me, this looks like the first nail in the coffin for a major source of minimum wage jobs - retail cashiers.

Your math and reasoning are both correct. That is exactly why deep-in-the-money call options are a great alternative to margin or 2x ETFs.

Yes the sector ETFs _usually_ track close to the underlying assets, but around market open the Bid/Ask spreads can be much larger than later in the day. There are 3 Aerospace ETFs that I know of ITA, PPA and XAR. ITA is more heavily weighted by Boeing (12%) than the other 2. There are no...

Didn't your accountant say anything about higher net state/city income taxes? Perhaps AMT applies for you.

I did not factor in any AMT. Fortunately, I have only ever had to pay it once in my lifetime.

I have not read about it anywhere so I hope my math is wrong, but here is how I calculated it: In 2017: Gross income $500,000, state tax at 9%, IRS marginal tax rate 39.5%. Net state tax after IRS deduction = ( $500,000 * 9%) * ( 1 - 39.5%) = $27,225 In 2018: Gross income $500,000, state tax...

The past cannot be used to forecast the future, but it sure can give you hints as to what is most likely to happen. Long term, the profitable traders are those that consistently make trades when the odds are in their favor. The unprofitable traders are those that make trades randomly, by...

I use to agree that very few wealthy would leave a state just because of taxes. Too many ties (family, friends, activities) to make it worth their while. But in 2019, a lot of wealthy people in high tax states like New York and Connecticut are going to have a rude awakening that their net state...

Here is the list of all Vanguard mutual funds and their 1-, 5- and 10-year performance. https://investor.vanguard.com/mutual-funds/list#/mutual-funds/name/month-end-returns At your relatively young age, I would recommend the more aggressive funds (small Cap, Mid Cap, tech) since you will have...

So where did the remaining $202 million ($220M - $18M) go? Is this article implying that the brokers got more than 90% of the total? Or did it go to traders outside the sample?

I don't know why forex is so hard to make money, but I can't help but notice from the link, that mathematically, every year, the forex trader performance is very close to 50-50 luck, less a couple percent for commissions. Do you have other retail account performance links, for equity traders...

I agree. I prefer buying on margin to buying the 2x or 3x leveraged ETFs. Another possible way to use leverage is to buy deep in the money calls. The premium is usually very low on these options.

Yes since the beginning of the year, AIEQ has really performed well. I wonder why it suddenly started doing so well. Perhaps they rebalanced.

I know of at least one legal way - become a Puerto Rico resident for 6 months a year, and file their Act 22 form. Then you would only have to pay 4% total tax (local and federal). You might want to wait a couple years for the the infrastructure to return to normal before moving.

I am afraid that you math is wrong on the leveraged ETF. It should be: Day 1: stock starts at 100 Day 2: stock goes up 10%, now 120 Day 3: stock declines 10%, now 96 (not 108 as in your example)

As long equity prices keep climbing straight up, as it did in 2017, you will do great with DDM. But if prices go down, or even stay the same but the market is very volatile, you will get killed in DDM. Leveraged ETFs are not really design for long term investments. Here's an example using a...