Feel really bad for this guy. Remember he said almost all of his NW, which was something like $30-40mm, was in TQQQ and that he was balls to the wall long
TQQQ is down 80 pct this year…yikes. Maybe stick to PE coinvest for juicy, more stable PA performance
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Rumor has it he ran out of food stamps
play stupid games, win stupid prizes
who knows maybe tech will rally next year
This is why you don’t buy into the hype boys, chances are you’re not the next Buffet
Just invest diversified and dollar cost average your investments over time, over time it’ll grow steadily
This is a pretty dumb take IMO. I’d you look at Nasdaq 100 performance over the life of the index, there were several years with huge declines (tech bubbles, GFC, and now). Yeah this guy probably lost a shitload of money, but now is probably the greatest buy opportunity for TQQQ in the past 15 years or so. Performance net of fees is still something ridiculous that far outperforms SPY. I am still buying. Of course it went down a lot, it’s a leveraged vehicle.
I bet that's what Tiger Global is explaining to its investors right now.
Just because the TQQQ shares are down 80% doesn't mean the shares will return to that level even if the nasdaq eventually does. You'd need to be quite certain of positive movement of QQQ for TQQQ to even be close to viable. QQQ can move up 50% over the next 5 years but take TQQQ down even further with volatility. Learn how these instruments work before saying this is the best opportunity to buy. That statement requires conviction that the next 3-5 years will be positive for QQQ
One day all these clowns will learn all these leveraged ETF’s go to zero / have volatility / leverage drag (people should learn to read the prospectus). If you want leverage by NQ futures, much better for taxes and much greater leverage
Same could be said of Bitcoin... Are you buying that too?
No. The Nasdaq 100 is comprised of arguably the best and most well capitalized tech names. Bitcoin is pure dogshit that is controlled by people like SBF and other crypto cucks.
Lol these type of years are always music to the complacent, hating and jealous losers like OP. You're just looking for something to confirm your attitude on not taking the leap in life and being just another ordinary Joe. Say whatever you want but deep down this is the truth. It's not just you of course it's most of this forum that attracts these "I told you so" types while they slog away another year at work. When "risk-takers fail" they become happier as it makes them feel they aren't as lazy and unmotivated...good luck let's see who wins in the end ;)
Get a life
Referencing my post earlier this year:
LLLOOOOOOOOOLLLLLLLLLLLL
He probably got all of you idiot monkeys hard as a rock with TQQQ and loaded up on puts himself
TQQQ guy here....Yep I'm down bad, but did start buying puts as I mentioned at the beginning of the year to buffer the losses, so not down 80% peak to trough, but I'm still richer than I was right before COVID 3 years ago, so in the grand scheme, its a big dollar figure step backwards but timewise it doesn't feel so long to me. Maybe it's my way of rationalizing it ha. Performance vs. the S&P for me should still end up being positive as I wasn't dollar cost averaging equally throughout and it was much more front end weighted. Anyways, karma got me I guess the year I decided to push my strategy lol. But hey, my time horizon is long, and my biggest question to research is what people have mentioned above to think about QQQ positive skew over the medium term. Long term i still believe in the fundamentals of the underlyers and will hopefully at least get back to my peak when I want to retire in 20-25 years. Manually leveraging some of this may be a decent option, still thinking about it. May use this years bonus to plow into some of that. There's definitely a flavor of this that works as a strategy. Maybe will change when I have kids.
Who wants to short SQQQ with me!
Are you restricted from owning individual names in your PA? If not, why not? Concentrating PA into 5-10 of my best ideas has worked fantastic for me, even in 22’
Yeah - no single names, only an approved list of ETFs, and we have minimum hold periods as well, so its just super frustrating and tough to do anything remotely actively managed, although I really should've rotated a bit and hopped on an Energy ETF train this year.
Was kinda that guy… college kid and put like 25% of net worth in TQQQ/UPRO. Pulled it all out March-November but still down 30% on the year. Bought back in a little and will keep buying in over time. Wish me luck
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