5QQQ - 5X Leveraged QQQ
Soooo, I just read a Bloomberg article about this ETN that unsurprisingly is listed in London and Amsterdam and not the U.S. Europe has always been more comfortable with crazy leveraged products. In Germany there’s like 10x levered products you can buy etc. I’m feeling a bit of FOMO now not being able to participate in this new level of pandemonium. I believe this runs afoul of PFIC legislation for all us U.S. citizens. If it didn’t I would seriously consider doing a bunch of work on it, and potentially selling a big chunk of my TQQQ holdings and paying ridiculous cap gains to switch ETF/Ns. Maybe I’m just being a pussy and even with the crazy PFIC taxes 5QQQ will come out ahead. Or maybe it goes to zero one fateful day when passive ETF selling goes into overdrive.
I’m too lazy to do the work because I’ll just be sad I can’t take part in the ETN, but all you non-American European people who were interested in TQQQ should look into this one!
And of course post your thoughts here so I can live vicariously.
Apologies but how the hell do I buy this in the US?
If you have IBKR, which everyone obviously should have, then it’s quite easy. The problem you’ll run into is your taxes having had invested in a PFIC
If you have IBKR, which everyone obviously should have, then it’s quite easy. The problem you’ll run into is your taxes having had invested in a PFIC
If you have IBKR, which everyone obviously should have, then it’s quite easy. The problem you’ll run into is your taxes having had invested in a PFIC
If you have IBKR, which everyone obviously should have, then it’s quite easy. The problem you’ll run into is your taxes having had invested in a PFIC
I thought the optimal leverage is between 2-3x for the QQQ’s. 5x just seems like it’d have some steep drawdowns. Has anyone back tested this?
Optimal leverage for equities is like 1.4-1.5x actually.
No point backtesting 5QQQ since it'll probably be up 1500x since 2009, just like how TQQQ is up 100x since 2009.
Liquidity is nonexistent, like 1.1k/day
they just launched them, i believe it will grow
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