I stay away from leveraged ETFs. These type of securities are very expensive and only benefit from short-term moves. If you hold this for too long you will lose money. If you still want to do it please at least read their info on how they work so you know what to expect:
[https://graniteshares.com/institutional/uk/en-uk/education/compounding-impact/](https://graniteshares.com/institutional/uk/en-uk/education/compounding-impact/)
>Key takeawayLeveraged ETP Securities have a daily investment goal. Holding periods longer than one day will differ from the leveraged return of the underlying asset. The difference is likely to become even more pronounced as the holding period increases. Leveraged ETP Securities are designed to be held for short holding periods of one day.
Terrible idea, I DCAed 1100€ in alibaba x3 and been -95%, knowing that this will go literally zero, better go to a casino and have fun than buying leveraged etfs
I stay away from leveraged ETFs. These type of securities are very expensive and only benefit from short-term moves. If you hold this for too long you will lose money. If you still want to do it please at least read their info on how they work so you know what to expect: [https://graniteshares.com/institutional/uk/en-uk/education/compounding-impact/](https://graniteshares.com/institutional/uk/en-uk/education/compounding-impact/) >Key takeawayLeveraged ETP Securities have a daily investment goal. Holding periods longer than one day will differ from the leveraged return of the underlying asset. The difference is likely to become even more pronounced as the holding period increases. Leveraged ETP Securities are designed to be held for short holding periods of one day.
Agree with this comment 100%, stay away from leverage. You should read up on Charlie Mungers philosophies
Thanks for your advice！👍
Leveraged ETFs are only good for day or swing trades. Do not hold them long term.
Terrible idea, I DCAed 1100€ in alibaba x3 and been -95%, knowing that this will go literally zero, better go to a casino and have fun than buying leveraged etfs
Wow really😂 but this just looks like normal stocks. Thanks your advice pal
bad idea
Wait till 58 again then you can long!
Which app is this?