Thoughts on $FNGU
It’s a triple levered ETF on FANG (+others) https://finance.yahoo.com/quote/fngu?p=fngu Other components are Apple Inc (AAPL.O), Alibaba Group Holding Ltd (BABA.N), Baidu Inc (BIDU.O), Nvidia Corp (NVDA.O), Tesla Inc (TSLA.O) and Twitter Inc (TWTR.N)
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CareerBuilder hdTI13 Jan 23, 2018
triple leverage, for when you just can't seem to lose money fast enough
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fTLQ57 Jan 28, 2018Leveraged EFTs are meant for day trading, you can not buy and hold since they rebalance everyday.
CareerBuilder hdTI13 Jan 29, 2018
Yep, volatility drag will kill you. Better off buying LEAPS or taking a traditional margin loan
Google engg1 Sep 23, 2020
Can you explain more why you can't buy and hold?
Microsoft Borat3 Dec 16, 2020
Yes can you explain that. That stock has gone up 300%
No msft? Dumb etf. Also twtr stock is a joke