10-30-2021, 06:27 AM
(10-29-2021, 01:28 PM)fenders53 Wrote: I just saw DFEN and DRN are both triple leveraged. If I had short term sector rotation advice I'd leverage up too and retire 10 years ago.
I know you won't listen but I would limit my leverage to sectors I was very knowledgeable in. Tech for example. You'd be less inclined to fold for no reason. I spent 34 years working for the DOD and I have never leveraged defense. I doubt you have any business leveraging the sector. Real estate is bubbly now. You want to catch the top in a 3x fund before mortgage rates rise?
One additional comment - my original DFEN purchase was back in 2020 when the stock price was ridiculously low and I knew it (as were most of my leveraged buys), and I've doubled that money. So I don't think the problem is the purchase, I think the problem is knowing when to exit.