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Wellness Wednesday for December 27, 2023

The Wednesday Wellness threads are meant to encourage users to ask for and provide advice and motivation to improve their lives. It isn't intended as a 'containment thread' and any content which could go here could instead be posted in its own thread. You could post:

  • Requests for advice and / or encouragement. On basically any topic and for any scale of problem.

  • Updates to let us know how you are doing. This provides valuable feedback on past advice / encouragement and will hopefully make people feel a little more motivated to follow through. If you want to be reminded to post your update, see the post titled 'update reminders', below.

  • Advice. This can be in response to a request for advice or just something that you think could be generally useful for many people here.

  • Encouragement. Probably best directed at specific users, but if you feel like just encouraging people in general I don't think anyone is going to object. I don't think I really need to say this, but just to be clear; encouragement should have a generally positive tone and not shame people (if people feel that shame might be an effective tool for motivating people, please discuss this so we can form a group consensus on how to use it rather than just trying it).

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It does not even have a be a business--for example, take $50k and park it into 3x tech funds and make $500k as one guy on Reddit did[ 1] , and no competition from Cambodian guys either. Anyone can do this.

That's just market-timing and sector-concentration with extra steps, aka gambling. On average, volatility decay crushes broadly-diversified triple-leveraged equity ETFs, much less sector-specific triple-leveraged equity ETFs, especially since leveraged equity ETFs typically reset daily.

they both have risks . market crash vs. not getting enough customers, lawsuits, or changing economic conditions