We might have missed the boat though because the stock bounced this past month...
Welcome to the family where a Bull wrestles a Tiger on the daily.
The 2008 Financial Crisis still lives in the mind of every millennial that lived through it. A bit complex at the time for a high school-er to understand, these complex financial instruments collapsed the housing markets. The Big Short is one of the best movies to watch to really understand the complexity of it. Imagine you wanted to gain 3x the typical return of the S&P500 and you let an ETF do the risky business for you...
Enter SPXL, according to Yahoo...
The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is designed to be comprised of stocks that are the 500 leading, large-cap U.S.-listed issuers. The fund is non-diversified.
NAV is 214.85 @TOP and the fund has grown 26.33% YTD. However, the Annual total return for SPXL over the last 12 months is 18.98%.
| Year | Historical Return |
| 2024 | 67.01% |
| 2023 | 69.5% |
| 2022 | -59.19% |
| 2021 | 85.68% |
There can be a lot of aggressive investing happening here but I'm not too sure about losing it all one year and gaining it back another. I'm not here to really fund anything. I'm here for the stock market.
The wife and I went to visit the this mall not too long ago and talk about a time capsule. Hong Kong Market is pretty awesome to check out and there are a few small shops inside. The food court leaves something to be desired but it's still pretty neat.
Looks like the site has been down for a minute...
Woke up to a cool 40 degree morning!
Recently discovered this channel on YouTube. Tracks are fire and visuals are great.
Found another stock impacted by AI... SNDK, multipled by 4 since September...
These Ai renderings are wild!!
