32.5% return since Dec. with a huge draw down in March? You're boasting about that? Many people have done that here in the last quarter.
My trade for the next 5 years
- Thread starter bwolinsky
- Start date
32.5% return since Dec. with a huge draw down in March? You're boasting about that? Many people have done that here in the last quarter.
Quote from the1:
I bought BAC and GE instead. Whoda Man?
That took balls of steel, at the same time? I was consulting with a client that wanted to make a multi-million dollar bet on financials, and I went with Citigroup over BAC because of solvency. Good thing we got tarp to support a zombie bank.
sso will only reflect the daily performance of the spx... the negative compounding effect on money will crush you if the market heads south for 3-6 months...better off holding a regular etf
I'm willing to acknowledge that, but part of what gave me the idea was a change in volatility. I tried to time it towards the lower end of the volatility, and I think if you look at a chart you'd see volatility did seem to diminish after the first four months. 2x leverage on margin is a bit expensive.
Smart'in up. If you know what you are doing you would just create a portfolio with a 2 beta and you would not have to worry about the negitive compounding BS or the margin expense. Before you say anything you can buy odd lots and make minimal adjustments along the way that would be very little work if you are looking for suck a large return.