Just had a really valuable talk :)
Brief summary of this post;
1. Follow @Ultratech he’s great if you haven't already ![]()
2. Leveraged ETF on $S&P 500 Index (.SPX.US)$ ![]()
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So we (with an Ultraman guy) are chatting about the new ETF by BlackRock, $iShares Nasdaq Top 30 Stocks ETF (QTOP.US)$ which comprises of 30 stocks from Nasdaq.
He also shared another new ETF, which is $iShares Top 20 U.S. Stocks ETF (TOPT.US)$ with huge upward potential.
Then the conversation went on talking about leveraged ETF on $S&P 500 Index (.SPX.US)$ , as we all know, this thing will never sink too hard, as you can see, it has survived COVID and wars. So investing on this index is one of the safest ways to gain your asset long term. So, it makes perfect sense to have it leveraged with.
He was very kind in sharing with me $MAX S&P 500 4X Leveraged ETN (SPYU.US)$ absolutely stunning x4 times leverage ETF (although no options). Tbh option trading is very hard, and I could say this would be one of the really good ETF short to mid terms, based on what he said, this has outperformed $ProShares UltraPro QQQ ETF (TQQQ.US)$
He mentioned that there are other short term options such as
which resets at different intervals but will be good for short term trading.
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Technical Analyst - No Fundamental 😞
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Renby : As always, valuable information, thanks mate
ひな☆彡 SOXL OP Renby : Thanks man, go follow him
Ultratech : ty. I wouldn't touch spyb or spym tho cuz high expense ratio and management fees.
Ultratech : $Schwab Strategic Tr Us Large-Cap Growth Etf (SCHG.US)$