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).
Oddly enough those have been contributing towards putting capitalism into overdrive.
You mean, their pension fund, if they are doing quite OK.
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.
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I am wondering if UPRO’s performance boost for 2.5 years was driven by US market or simply the leverage?
I think S&P 500 and Global World etf performed the same since Jan 2024.
Indeed VOO and VT performed the same since Jan '24. So this leaves the leverage, in my mind. When it runs…it really effing runs.
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%.
