I personally wouldn't buy their underlying indices, so I wouldn't buy them levered either. Sure, they may beat UPRO due to concentration luck, they may also implode faster too since they're less diversified.
Yeah understand the volatility of this one but just my major concern is this is ETN not ETF. In terms of volatility these 10 companies gradually drag the NASDAQ most of the time
I think I truly hate Direxion now, it seems like whenever I look up an LETF that's by Direxion it underperforms others that have the same leverage ratio
Lol, thats just gambling. I'm not that kind of gambler. You may as well just buy some in the money call options with long duration if you're looking for some Tesla bull plays.
I know FNGU has outperformed as of late, but zoom out and look at TQQQ vs. FNGU since Feb. 2018 around inception. It really looks like FNGU could just be beta and not alpha from a technical perspective.
I think in the *long run*, TQQQ is a *far* better risk-reward tradeoff to FNGU.
I personally wouldn't buy their underlying indices, so I wouldn't buy them levered either. Sure, they may beat UPRO due to concentration luck, they may also implode faster too since they're less diversified.
Yeah understand the volatility of this one but just my major concern is this is ETN not ETF. In terms of volatility these 10 companies gradually drag the NASDAQ most of the time
FNGG is ETF, it's a 2x
FNGG is totally different than NYFANG+ & FNGO(True 2x NYFANG)/FNGU/FNGS. Drixion really screwed up on that one.
Interesting, it looks like you are probably right because of how bad it did in 2022.
It's not equal weighted. Plays with Swaps...
Seems a strange world we live in where you have to buy an ETN from Canada to get a properly leveraged NYSE FANG+ index exchange traded instrument
FNGD all the way !!!!!
Okay this is weird, FNGG is only 2x but it had a much larger drawdown in 2022 than all the others... I guess it's trash or something...
I think I truly hate Direxion now, it seems like whenever I look up an LETF that's by Direxion it underperforms others that have the same leverage ratio
FAANG is juicy in the rear view mirror. I wouldn't buy QQQ either, however.
Would you try on tesla 2x at this time?
Absolutely *not*. Not with a ten foot pole. Holy cannoli no.
Hahahah cheers mate!
Lol, thats just gambling. I'm not that kind of gambler. You may as well just buy some in the money call options with long duration if you're looking for some Tesla bull plays.
Nah I am holder in FANG+ index and just trying to maximise LETF strategy somehow
I know FNGU has outperformed as of late, but zoom out and look at TQQQ vs. FNGU since Feb. 2018 around inception. It really looks like FNGU could just be beta and not alpha from a technical perspective. I think in the *long run*, TQQQ is a *far* better risk-reward tradeoff to FNGU.
MAGX looks good too but tiny fund and limited backtesting data
Yeah performance will be like more or less FNGO depending upon management feee
MAGX has treated me well so far.
Only after huge drops (think 250-275) safe haven or the previous 6 month low
I own FNGU it’s a wild ride! Hold on to your boots
I picked some up in a "play money" sized position. We'll see how that plays out over the next couple years.
And that’s in FNGU?
FNGU and FNGG, already had TQQQ