John Reiter asked 5 years ago
Good Evening Pat,
Tonight I learned of FNGU that is an ETF that trades 3X the performance of the FANG stocks. Went up 5% today. I haven't done much more research than that, but do you think this compares to QLD? and would you be a buyer?
1 Answers
Owen Staff answered 5 years ago
Hi John,
I made a short video for you:
https://youtu.be/dPOH2908T34
I probably should mention that when these triples go up, they go up fast as you saw today. When they come down, they come down really fast.
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Thank you Owen, I appreciate your quick response and video. I also appreciate you teaching me the trick of comparing two stocks within TOS. I had not seen that before! Have a great day!
FNGO is only 2x. that might be a bit less volitile.
Note that FNGO is really thin.