Not supposed to be sexy too by the thread request, it's supposed to be safe.
I get the reason people are spooked about a 3x ETF, some are stupidly bad to play with, such as the reverse market variety and TQQQ is not for everyone. However, there is nothing in the market today that offers better option premiums and a higher ten year return on the stock than TQQQ has enjoyed.
Well again, something that we know would have gone to zero and been shut down in a market we've actually seen in the last 25 years is not something "safe" by any definition of that word in common usage. That doesn't mean it's not something you and I can trade successfully, but it does mean it's not a good suggestion to the OP and not a good fit for this topic.
Just saying it would go to zero is silly and baseless. If it was around in 2000, it would have followed the Nasdaq QQQ , so before spouting facts, look at how QQQ traded during the bubble. It peaked around $110 in March 2000 and fell to $80 in April, then rebound to $100 by August (lower high). From August trended down with plenty of time to rethink the validity of the sector . The thread isn't about what to hold FOREVER and let it ride. The suggestion holds well with selling ITM CC's on a week by week run on a current sector that is out performing the market by a wide margin. I was trading during the dot.com bubble and remember the wild daily swings. Trading tech was very much like trading bitcoin now, and at that time I didn't trade tech, even though I owned a few computer repair shops.
You're right, I engaged in some hyperbole. It only would have gone down 99.9% and you'd still be down significantly today.
And there`s no need to answer even. 1% monthly is nothing and it isn`t worth it. Doesn`t even mention the inflation which will eat out this 1%.
You grizzled old veteran you, we all stand in awe of your vast, world weary experience. Since it's "pointless" to impart your great wisdom to us, one wonders why you're taking the time to make the post? Do you actually have anything to contribute to the conversation, or are you above that?
I don’t know of a way to “safely” generate 12% above treasury yield. If I had, I would keep it a secret as it would be close to the holy grail assuming I could scale it. I am thinking that it would resemble something like what LTCM did quite successfully until they got too big. But I don’t think I have seen you suggest anything practical either. Do you have one?
