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Leveraged ETFs

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gabriel-2 asked 6 years ago
Hi Pat, I have a question about leveraged ETF. Is it the same buying QLD vs twice the same amount on  QQQ (or TQQQ vs three times QQQ) ? Or there is a further reason due to taxes, commissions(when charged by number of shares traded), available cash, etc. I really enjoy your market wisdom on the twitter feed, Thank you! Best Regards, Gabriel
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Avatar photoOwen Staff answered 6 years ago

Hi Gabriel,

Note from Patrick:
Good morning Gabriel,
You bring up some good points. I have found the "fluid" motion of QLD and SSO to be conducive to the methods we use. Single leverage are a bit too slow.
And the triples get a bit sloppy. Have used them for years and have never had an issue with them. I don't really take commissions into consideration.
But as I stated, love the leverage and fluid motion without TOO much swinging around. Hope that helps!

Sincerely,
Pat