Replies to post #125461 on Savvy Trades and Investments

[bbotcs]

littlefish: Buying "multiplier etfs" is gambling, imo. They should be held only a few days.
And if someone is VERY unlikely, the fund will do a reverse split in those few days.
The argument that the value of the investment is the same after a reverse split, because the price is adjusted for the lower number of shares, is technically true.
True.
But, in my experience, after the reverse split, the chance of getting a decent percentage gain is down the drain. And if the value of the fund drops post split--forget it.
JMO.

[hweb2]

Yeah weird. We have to listen to him eschewing others who don't follow his value approach...that they're just gambling...then he puts everything into a triple levered ETF. Maybe it'll work out. Market is certainly due for a breather.

[wadegarret]

littlefish- Yes triple leveraged ETF is gambling

However in real life, I am playing with less than 10% of my overall cash. The point is, for 21 years, I used a sound strategy, which has made me an unreal 25%/year on average, even assuming my present portfolio included all cash put away from past gains, and including recent huge % losses. Bottom line is, I became financially independent from the gains on my portfolio from 2004 to 2022. Point is, I did my dd, & picked dozens of great winners, and was right so often for 18 years, that my aggressive style of being highly concentrated in only a few stocks, and playing margin, paid off in spades. Nothing you say can take that away, not even you and Hweb telling me how horrible I am at picking stocks !