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Started By
Message
Green day across the board today.
Posted on 12/11/23 at 8:48 pm
Posted on 12/11/23 at 8:48 pm
Mo money, Mo problems
This post was edited on 12/11/23 at 11:21 pm
2
Posted on 12/11/23 at 9:39 pm to Baton Rouge Bob
I've been holding thousands of TQQQ shares since 2017. What should I beware of? Paying lots of taxes when I sell?
Posted on 12/11/23 at 9:44 pm to RoyalWe
quote:
I've been holding thousands of TQQQ shares since 2017. What should I beware of? Paying lots of taxes when I sell?
Congrats.
This post was edited on 12/11/23 at 11:21 pm
Posted on 12/11/23 at 9:44 pm to Baton Rouge Bob
quote:Are you under the impression that TQQQ and SQQQ are based on tracking the entire NASDAQ?
Nasdaq was up 0.2% today. TQQQ was up 2.54%. SQQQ was down 2.55%.
I know that those 3x leveraged etf's aren't always going to be perfect, but wtf ?
They’re not.
I suggest you familiarize yourself with the investment objectives and portfolio makeup of TQQQ and SQQQ.
This ain’t rocket science…
Posted on 12/11/23 at 9:45 pm to Baton Rouge Bob
quote:
Today is proof of that.
quote:
Did you not read the Subject or did you fail 3rd grade math?
Posted on 12/11/23 at 9:54 pm to Baton Rouge Bob
Oh, we're talking about your taking a data point and drawing an incorrect conclusion. I thought we were talking about holding the ETF overnight being a problem (which, is also an incorrect conclusion). I guess it doesn't matter what we're talking about.
Posted on 12/11/23 at 10:04 pm to Baton Rouge Bob
quote:This is incorrect.
If the nasdaq was up .2 then TQQQ should have been up .6, SQQQ should have been down .6
The TQQQ and the SQQQ are triple leveraged to reflect the changes in the Nasdaq100 NOT the Nasdaq.
The Nasdaq100 was up today .85%.
So triple-leveraged ETFs would be up or down approximately .85 X 3 = 2.55%.
quote:Res ipsa loquitur…
That they were up/down 2.55 percent today is proof that there are days when they aren't even close to tracking accuratly.
This post was edited on 12/11/23 at 10:08 pm
Posted on 12/11/23 at 10:16 pm to LSURussian
Apparently the Magnificent 7 were selling off and money was pouring into small cap tech.
This post was edited on 12/11/23 at 11:22 pm
Posted on 12/11/23 at 10:44 pm to Baton Rouge Bob
quote:Not really.
Rare for the Nasdaq 100 & The Nasdaq performance to vary to such a degree.
There are even days when one closes up for the day and the other one closes down.
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