02-14-2021, 04:17 PM
(02-14-2021, 12:55 PM)fenders53 Wrote:(02-14-2021, 10:38 AM)ken-do-nim Wrote: I do think I will pick up SOXX in addition to my SOXL. Right now my portfolio is way too leveraged.I am getting that impression from conversing with you. When you score big there is nothing wrong with protecting part of your profit in something boring. That will look brilliant at some point. Giving most or all of it back in a few weeks or months is unpleasant.
Agreed I would get slaughtered in a market pullback. I'm a bit glib about it all because even though my ROTH IRA was cut by 2/3 in March of last year, it bounced back in less than 4 months and is now doing great.
In my taxable account, I had a real lucky accident happen. So I had signed up for my bonus to be paid into my 401k, but for some reason my company screwed up and sent the money to my bank account instead. I didn't complain, because right then the market tanked due to Covid. I took my $8k and invested in leveraged funds at bargain prices. Now I've made 6x on that money since then.