FNGU with TMF
Hello, I’ve been thinking becoming a TQQQ/TMF trader for a few days. A coworker who is a stock trader told me about FNGU. "IT’S A BEAST" he said. I know that a big drawdown like 2008 is possible but maybe unlikely. Perhaps a 50% DD is what I’m planning for worst case scenario.
What kind of hedge should be used with FNGU? Is a 3x leveraged 20+ year treasury bond ETF the best hedge against a 50% DD in the QQQ, maybe leading to a 25% DD in FAAANG stocks? What is a ratio to keep, I’m planning on rebalancing quarterly. I was thinking 66.6% FNGU/33.3% TMF. Not only am I getting rich hedging my bets but I’m also investing in AMERICA and that’s what’s going to make me
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July 21, 2021 at 07:16AM