I'm 21 and looking to start growing my money. My money is mostly out of the markets right now, but after doing some reading, I think I want to start putting money into TQQQ. My only concern is that the US equities market is priced really high right now, and I'm scared of losing a bunch of money bc of a crash. I'm pretty inexperienced, so any advice or thoughts would be appreciated.
Trending Content - Investing, Markets & Macroeconomics Forum
Career Resources
Id be pretty surprised if there is a huge QQQ downturn before 2022. Do I recommend TQQQ as a Strat right now? No. Id heavily invest in FAANG, S&P & either QQQ or some other technology ETF. Only throw into TQQ if you are able to prepare for some kind of downturn.
Thanks for the advice. Just curious, why do you think there will be a downturn for TQQQ soon? I'm asking bc shouldn't FAANG and the QQQ etf (from my understanding is just an unleveraged TQQQ ) move in the same direction as TQQQ given that they are all in the tech sector? Also, to avoid getting wiped out by a downturn, would you recommend dollar-cost-averaging?
Illo occaecati est nobis quo voluptates voluptatum et. Temporibus aut architecto nostrum quo sunt. Et non non quidem blanditiis magnam illum nam. Illum voluptate aliquam minima iure labore reprehenderit cum. Velit a repellendus sapiente exercitationem.
Doloribus consequuntur numquam assumenda fuga. Possimus autem modi ullam qui laboriosam in totam. Saepe dicta quo ea alias sunt aperiam quos.
Dolor minima est qui voluptatem et ducimus et. Culpa iusto quas qui minima accusamus nihil et.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...