04-13-2021, 12:15 PM
(04-13-2021, 11:56 AM)ken-do-nim Wrote: Great point about the lack of bond alternatives. The problem with level 1 investing is that it is generally below the inflation rate, so it's actually in my opinion high risk - it is guaranteed to lose money.I do understand all 3X is not the same. I think you know I meant SOXL or TQQQ. You have some balance in the total port that I often fail to acknowledge. I am just averse to excessive leverage. If the average 80yr old loses 10% they run back to the safety of level #1 where they will never get their money back. That's a bad ending so just avoid it. At least they won't lose anymore capital is their thought. People bail from their 401K equities on every market crash in mass. There is nowhere to hide and slowly get it back now.
I'm honestly not sure what I'd be invested in now if I were retired. Probably a large amount in AT&T. It's a shame Disney no longer has a dividend.
Oh, and btw I don't think all triple-leveraged funds have the same amount of risk. CURE for instance isn't very volatile compared to say NAIL.
I am 18 months from the time I can retire for real. You can watch it play out in real-time lol. Maybe I'll keep selling doors at HD for a few more years and pay my taxes. Or maybe I won't if the market runs another 20%? I better go by some SOXL on the next dip lol.