$GraniteShares 2x Long NVDA Daily ETF (NVDL.US)$
i bought NVDL priced 65.77 when NVDA was priced at 121. Now NVDA is priced 130, (up 6%) but my NVDL is only priced 70.36 (up 7.3%). During dip times losses was 2 times, but during bull times, profit was only 1.1 times. something wrong? sigh
i bought NVDL priced 65.77 when NVDA was priced at 121. Now NVDA is priced 130, (up 6%) but my NVDL is only priced 70.36 (up 7.3%). During dip times losses was 2 times, but during bull times, profit was only 1.1 times. something wrong? sigh
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$CSOP USD Money Market Fund (SGXZ96797238.MF)$
do this stock pay dividends? are they taxed like the us treasury bill etf? 5.2 percent gain is net?
do this stock pay dividends? are they taxed like the us treasury bill etf? 5.2 percent gain is net?
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101807599 OP : Thank you so much for the information guys, when I was studying leveraged etf prior to buying, the main emphasis on the internet has been mostly about staking 2x risk for 2x yield, not much on the side effects of compounding mechanism
Guess the recent series of compounding red days has hit my holdings really hard. But I still think it’s good to hold the 2x etf long term if there are more Green days ahead to compound than Red, but I will set shorter term goals for the holdings I guess.
Thank you so much for sharing folks