I discovered a new ETF brand that offers not daily leverage resets, but weekly, monthly, and quarterly leverage resets. This is new to the market I believe, at least for ETFs. https://www.tradretfs.com/
Although I never change my portfolio (the equivalent of the VT ETF), I do have a "fun money account" where I dabble with new ETFs that I find intriguing. Today, on the first day of the quarter, I bought a small amount of QQQP (quarterly reset) and will sell it on the last day of the quarter (Dec 31), so I should get my 2x leverage...hopefully on the upside. The only bugaboo (expected) is the cost: 1.30% ER. That is high, but if the market goes up, the cost should be leveraged away!
Although I never change my portfolio (the equivalent of the VT ETF), I do have a "fun money account" where I dabble with new ETFs that I find intriguing. Today, on the first day of the quarter, I bought a small amount of QQQP (quarterly reset) and will sell it on the last day of the quarter (Dec 31), so I should get my 2x leverage...hopefully on the upside. The only bugaboo (expected) is the cost: 1.30% ER. That is high, but if the market goes up, the cost should be leveraged away!
Statistics: Posted by sunnywindy — Tue Oct 01, 2024 4:27 pm — Replies 0 — Views 77