What I Am Buying Today.

[rayray]

(10-30-2021, 08:20 AM)fenders53 Wrote:

(10-30-2021, 08:09 AM)NilesMike Wrote: UPRO held from 2010-2021  10K= 339K with a 60% Drawdown

SPY 10K= 51K with a 19% Drawdown

So, one could say 3X risk with 6X superior upside.

Actually a pretty good deal, IMO. 2K into UPRO beats 10K in SPY

And the back test period skips the two worst extended drawdowns in my entire investing career.  It does cover the best bull market ever.  But you knew that. 

i don't post as much as i'd like to, but try to read as much as i can cause i really like this site and all you guys/gals (gal?), it's a little like my faceless fb if that makes sense?

but sometimes youse make my head hurt LOL

like a while back when a bunch here were bailing on the market and now you're all i believe back in


train that caste iron stomach for the rough times in the market, buy quality and don't bail, accumulate in the bad times


just remember, when the market dumps that's when we make the real money



this pandemic infused market has enabled me to grow my portfolio in 18 months by as much in what it took me 20 plus years to save--and i didn't buy anything crazy, i didn't sell either--but what i did do was fine tune some things out and buy better quality after the main carnage was over

after the chaos, the great recession was really good to me

after the chaos, the pandemic infused market was really good to me


the why's change, the outcomes are the same if you have that caste iron stomach--that's what 25 years in the market has taught me


(edit: this is not directed towards you guys, fenders and nilesmike--two of the more much more experienced investors imho)