Today is a BIG day. Even though I think ARKG and many of its stocks are peaking⌠(didnât do any DD nor EWA), I bought⌠wait for itâŚ
1 ARKG
1 PRLB
1 XONE
1 SSYS
1st one is genomic index, the other three are 3D printing Yes, 3D printing is going to be BIG over the next few years. They are held in my sonâs account. Not in my trading account. Would continue to DCA in tiny quantity till I have time to do a detailed read and EWA.
Wasnât trading those, just want to hold 5+ years. Ditto for the genomics stock portfolio. They are held in different accounts from my trading accounts⌠donât like to confuse buy n hold with trading.
TQQQ is supposed to be for short-term trading Lot of slippage. If the market goes south, it can go down a lot, hence much more risky. I would only buy TQQQ for long hold if there is a crash.
From Feb 18 to Mar 18, TQQQ drops way more than QQQ and ARKG. Yes, I am thinking a deep dive very soon. Recall I say there might or might not be a last hurray⌠I still not sure. Anyhoo, the imminent crash is too close for comfort. So not a good time to buy TQQQ. Ofc, I could be wrong.
TQQQ is supposed to be for short-term trading : I was thinking same as so many blogs are telling same. But, when I verify mathematically, it is entirely different !
Last year, Jan 2, 2020 TQQQ and Dec 31, 2020 TQQQ, the growth was 100% and all other indexes were behind it.
This includes 30% drop during Mar 23rd. With 30% down crash in between TQQQ is winner !
I myself told you last year alone (one year) ARKG won over TQQQ, but 3 years and 5 years buy/hold TQQQ won over ARKG.
Showed the chart already.
My question is what makes you think ARKG is going to perform better than TQQQ? What are the real driving factor/fundamentals makes you feel ARKG is better?
I didnât compare ARKG with TQQQ. Just feel is too risky to buy TQQQ. Another psychological barrier could be I just sold all TQQQs around $100s, what is the point of buying back now? Weird feeling, right? Another is there is not that much money in my sonâs account. I have way more $ in the trading account which I can pounce on TQQQ and SOXL if the market crash. I am in a crocodile mode, hungry but patiently waiting for the prey. I think you are using the same criteria for every decision whereas, I decide in according to accounts (situations and circumstances).
Btw, I donât buy 1 TQQQ I recall vaguely, at one time, I have nearly 2000 TQQQs
I didnât bother to compare at all. I didnât care which one has faster growth for that account because the amount is not large enough to make a big difference. You overthink for me I wasnât thinking at all
If this is the case for MRNA & BNTX which has 14B-15B orders on hand, Most of the top ARKG holdings has no such order book positions and they did not complete phase 3 trials and no FDA, Euro approvals.
How do you feel the ARKG is better for next 5 years that will give you good return better than TQQQ (Leveraged over Nasdaq companies - famous for good profit margins)?
A promising chick with potential to lay 1000 eggs per month is worth more than an established hen that lay 200 eggs per month. If you donât pay for those type of growth TODAY, some1 will
Are you suggesting I should pour hours of effort for a few hundred dollars? I see why you are always on a rush. Take it easy. Is not million of dollars.