Any research paper proving that the approach yields return higher than DCA over a period of 40+ years. 40 years used to be the norm duration from working to retirement. May be used 20+ years for TikTokers and Millennials. I prefer S&P 500 index funds/ ETFs - use either SPY or VOO or VINIX.
Note: DCA for each pay check (usually once a fortnight) over 40 years ideal for W2 (most of them not interested in stock picking).
Not that I am aware of. If I find it, I will post it
Yes, DCA each pay check periodically is a better choice for earning people. However, these DCAs can be wise during FED bullish period than bearish period.
If this is for kids, make sure they fill up
Bot (if lumpsum) yet or started DCA purchase yet?
I presume @Jil has beenā¦
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Have not bought any yet Crash ended yet? Wait for Fed to halt rate hikes? Wait for CPI to decline significantly? Or doesnāt matter, is time to start DCA purchase.
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Check past performance of TQQQ and UPROā¦
Performance of TQQQ since inception on Jun 9, 2010ā¦
Performance of UPRO since inception on Jun 23, 2009ā¦
UPRO vs AAPL (excluding dividends)
I bought a little bit of TQQQ (like 30k) in my IRA, but the rest is in TSLA spreads that will give a much better return over the next 2 years (likely a 3.5x) So my QQQ/TQQQ balancing act wonāt start until I close out those TSLA positions in a year or 2.
At what avg price?
$28 a month or so ago
Use Morningstar for comparison as they include effect of dividends.
I repeat do not look at others what they are doing, you have to take āYour own Judgementā like the way WQJ buys TSLA (he takes his own decision to find the possible bottom).
The benefit is that you need to believe in your decisions. If wrong, you correct in future, if right you enjoy.
This is for everyone, do your work, believe in yourself, over time you will be better than average Joe.
Here is the history highest drop in TQQQ in past bearish time (TQQQ dropped more than 10%).
I do not look at any other leveraged ETFs other than UPRO, TQQQ and SOXL.
This is my reasoning: If TARK drops 90%, what will happen, TARK close the ETF, investors permanently loose money.
If SOXL drops 90% from now, SOXX would have dropped at least 45% (not 30%), entire semiconductor industry stalls. No computer, no memory, no cars can be made.
If TQQQ drops 90% from now, QQQ would have dropped at least 45% (not 30%), entire tech industry industry stalls.
If UPRO drops 90% from now, SPY would have dropped at least 45% (not 30%), entire market stalls.
In such case, FED and Congress must act, reverse the course. Otherwise, we will end up like Sri Lanka now, complete social unrest which US always avoid. This is the main reason, FED is artificially exploding the bubble when inflation goes out of control.
This is the main reason, I said SOXL is riskier (just 30 companies) than TQQQ and TQQQ (which has 100 companies) is riskier than UPRO (which has 500 companies). I do not see any other ETFs FED & Congress acts.
Okay, I have given more than enough, I think it is better for me to stop.
I donāt have income from flipping, donāt intend to sell S&P/ AAPL/ rentals or re-balance stock portfolio. AAPL dividends + rents are directed towards buying SFHs for rent. Where do I get funds to buy TQQQ? I am thinking of using a little margin off AAPL holdings. So I need to be careful, if in doubt, do nothing. I am not changing my carefully thought out strategy of asset allocation/ strategic investment approach, just want to do a little āgamblingā. That is, I can read, watch, blog and debate but donāt have to act.
It is not about income or investing money. Even if you have 1M extra cash, you are looking answer from outside world for your purchase.
You want confirmation from Jim Cramer, Cathie wood or Puru or Mark Minervini. This shows you do not have confidence to pull yourself.
When you buy AAPL, do you expect an answer from outside from Jim Cramer, Cathie wood or Puru or Mark Minervini? No, right as you closely watch AAPL price and you know what is deep discount price.
You have to have similar confidence, with the market or indexes, on your own. This is not for you alone, for everyone.
Unless investor believe his/her own decision, there is no way to grow money other than random luck.
BTW: I do not want to update any more today. I stop.
I want to āgambleā not invest so need plenty of luck. Not obvious? After so many years of interaction?
My asset allocation/ strategic investment strategy isā¦
I am too lazy to follow macro news in detail. Easier to read their opinions. That is, instead of spending 24hrs to read, only need few minutes to watch and listen. Guess we have different personality, I like to listen to otherās opinions. I donāt use a judgeās perspective or assess the benefits I can get.
Bought 1st tranche: 500 TQQQ
QQQ might have bottomed.
Conservative conditions for confirmation would take awhile. So, slowly scale in.
Canāt be aggressive hereā¦ Mar also looked like a bottom but no confirmationā¦ RSI didnāt cross above 50, MACD didnāt cross above signal and price dropped back below the cloud and 52-week EMA.
Leaders need to emerge for the market to recover. Thatās always the key. The leaders will have much bigger gains than the overall market.
Volckerās bear marketās decline was erased 4 months from Fed U-turn. Could same happen to the bear market started from Nov 2021 (Feb 2021 for high growth stocks)? That is, new ATH for S&P before end of 2022. Assuming that Jul Fed mtg is a Fed U-Turn.
This Elliottician has a bearish count. Bold call. Is he right or Tom Lee is right? Ofc, we donāt want to know that at the end of the year. We want to know asap.
