Single-Stock ETFs, Leveraged
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When I read the term "single-stock ETF," I thought why? Just seems redundant and shenaniganny. Then I see the word "leveraged."
Quite likely many will lose money even faster using these leverages single-stock ETFs. But how
creativebrave!Not sure how the math modeling and underlying mechanism differ from leveraged multi-stock ETFs, but it would be interesting.
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So basically it's a way to double down on your investments in a single stock. Nvidia goes up... you earn twice as much (I'm over simplifying), but when it goes down, you lose twice as fast. It's for those with a high risk desire... no thank you. I used to be more involved with stock trading (and did pretty well... by getting lucky with timing), but I have long since moved back to just investing in basically the S&P index. Nearly impossible to beat that over the long term.
And the article mentions YOLO... I feel like those who use that don't understand the real meaning of it, or in other words, YODO, too.
