Comments by "Samson Soturian" (@samsonsoturian6013) on "Leveraged ETFs - Not The Return Cheat Code You'd Expect" video.

  1.  @connorspencer4283  depends on what index you're tracking. The S&P500, for instance, is green 53% of days. Other more sluggish economies, not so much.
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  2. Caveat: The S&P is green 53% of days, meaning the daily compounding is slightly in your favor for ETPs tied to it, but that's probably only going to cover the higher fees.
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  3. That's taken by a British gas driller.
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  4.  @chickenkeeper3450  different problem in the form of higher fees and interest payments, although this can be reduced via synthetic stock.
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  5.  @spidercart4745  that is no guarantee it will continue to do so or that it's an accurate 3x track on QQQ long term. And this is coming from someone knee deep in DFEN.
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  6. Imagine buying SPXL right after the Covid crash...
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  7.  @senseiadam-brawlstars9465  that doesn't mean it can't fall farther in a week. And it also depends of the ETF as a lot of them are invested in swaps or futures. And ETNs actually don't hold the underlying, so they get terminated all the time (especially last year).
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  8. I have to admit... I'm crazy enough to do the Wheel and Poor Man's Covered Calls on select 3x levered ETFs. Right now half my money is in DFEN.
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  9. XIV fell 90% and got terminated because it no longer had the funds to short VIX futures, just FYI.
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  10.  @Reon89  there's still no guarantees. Also, there's a difference between the VIX and VIX futures as the latter also fluctuates with supply and demand. And I wonder what would happen to a 3X ETF during a flash crash when its value momentarily goes below zero...
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  11.  @urinater  I forget where/when I read it but the stat I read was for the previous year. Either way, same result where daily compounding works in your favor just a little.
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  12. I did that once, it wasn't any better or worse than buying LEAPs on an equivalent normal ETF. The reason? The calls on a 3x ETF were roughly three times more expensive. The Wheel and PMCC, however, is awesome on leveraged ETFs as even short dated OTM options have a lot of value. If you play your cards right, the money from selling options can exceed the initial investment within months.
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  13.  @WPaKFamily  you can get 8x leverage with LEAPS depending on volatility and what break even price you'll take.
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  14.  @WPaKFamily  what your talking about is also called stock replacement, and it's a way to get leverage at very little cost in extrinsic value.
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  15. Not as bad as leveraged VIX ETFs. I'd love to see someone here try to put those in lay terms...
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  16. It's hard to go beyond 10x leverage without losing your edge to win over the long term.
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