Leveraged

Hi Friends,

I had a 14% jump today in my 3x leveraged semiconductor stock today:

Nvida had a big day, and it took so may others up with it. Leverage can be good or bad, depending on which way your asset is going. A home, for example, is leveraged when you don’t have the money to pay for it and get a loan - you have more asset than you would have otherwise had, so when it goes up, you are capturing gains on a higher price, but paying interest for the opportunity to have the leverage.

When it comes for ETFs, these leveraged products can underperform when the market is sideways due to higher fees, but can also rip much higher when the market is rising.

I bought this one at $9 per share, so I am up pretty big on it over the last 2.5 years.

Thanks for coming by,
Brian