Might start 3x leveraged long term investment and see what happens I know it's 3.75% annual fee but taken daily. This may be good long term or could go disasterously wrong 🤣
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犟犟 : What does the annual fee of 1% per day mean? 365% income 365 days a year?
TehChino 犟犟: 1% for 1 year
1 day 1% /365
Rigid BullOP 犟犟: it works out around 3.75% per year but deducted daily
Rigid BullOP TehChino: 3.75% annual but take off daily. so £100.would be £3.75 over the year but so it's like 0.0102p each day. but if I add more each month then it will change. if the 3x account fell by60% I would pay alot less but then the amount I have will be alot less. same.if it rises the feeling rises.
I will see what happens and add £20 each month over the next couple of years. it could work out well or I could end up with nothing
犟犟 Rigid BullOP: Thank you, you said it very well, but I think it directly sets the annual fee of 3.75% and spreads it evenly over every day, so it's easier for ordinary people to understand
Rigid BullOP : thank you, it all depends how much the investment is worth and the fee changes each day with the amount of capital within the investment. X3 can move a stock significantly up and down each week. I am planning on buying £20 a month and see what happens :)