Yes, agree, and that is why I believe capitalism will only work (for all, not just the ‘lucky’ few) and survive if there are some guardrails, checks and balances, etc. in place.
And I say this despite living the capitalist dream myself (i.e. starting out in life poor with an unemployed single parent on welfare living on a social housing estate).
Not sure when to sell UPRO and rebalance into VTI. Close to +100% in CHF in 2.5 years. It was a nice performance booster but I don‘t want to get greedy.
I would be surprised if you were not aware of the “SMA200” method, where crossing this average (on SPY) is a signal to sell UPRO.
Personally, I feel that currently the SMA200 is too far below the current price. Instead, I would partially sell on the basis of shorter SMAs (eg 1/3 with SMA60, 1/3 with SMA120, and finally 1/3 with SMA200), or I would set trailing stop limit orders with trailing by eg 2, 5 and 10%.
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