A weekly thread to discuss financial matters - from personal all the way up to global.
Ground Rules
- Remember that we're all just Internet randos. Don't bet your life savings on a hot tip from this thread.
- Keep culture war in the culture war thread. Yes, global events may impact our personal finances, but that does not mean we have to incessantly harp on culture war aspects here. If you are going to discuss it, please stick to the practical impacts of it on an individual level.
- Be kind. Remember that everyone here comes from different circumstances. We all have different resources available and different risk tolerances.
- Don't let the perfect be the enemy of the good. Better is better. Celebrate people when they take a step up and work to move their finances in the right direction. Don't flame out because they haven't followed what you consider the optimal path. Everybody has to start somewhere.
Jump in the discussion.
No email address required.
Notes -
When is the correct time to use leverage?
An acquaintance of mine has lost a shitload of money this last week on a 2x leveraged long NVDA ETF that he bought in August. It also seems like leverage is behind a lot of the volatility we're seeing in the KOSPI as well.
On the other hand, it really seems like Iike one of the few ways to beat the marker in the medium term.
Why is he holding a leveraged single stock ETF since August? Those funds are for day traders, holding that long is going to incur a lot of volatility drag and drift. If he wanted to go super long on NVDA he should have used margin in his brokerage account and/or made use of options. Independent of whether it's a good idea to yolo that hard on a single stock, that's a bad way to go about doing it.
I don't pretend to understand the secret heart of a man.
More options
Context Copy link
More options
Context Copy link
More options
Context Copy link