Australia's largest stock trading and investment forum Australia's #1 stock forum

SP500

Click for more information

0.58%

2,958.8 standard & poor's 500

those unforeseen circumstances seem to have worked out well for...

First 14431 Last

Share
Profile

Follow
onetricky

14,313 Posts.

903

10/04/24

23:29

Post #: 73286450
Share

Originally posted by Tarvold ↑

Unfortunately due to unforeseen circumstances I had to close out my LNAS position today.
It was only a small.experimental position.
Made a decent 65% return based on buying a small monthly amount, every month between Jul-22 & Apr-24.
That included only paying $11 in total brokerage fees for all the purchases & the close out.

Over the same period the NASDAQ went up 52% & LNAS 74%, so the actual gearing impact was approx 112.6% nowhere near the theoretical 225%.

Just goes to show you have to be really careful with ETFs even when the market is with you.

Good luck all.

Expand

those unforeseen circumstances seem to have worked out well for you

Value at posting: 2,958.8
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 12 more messages in this thread...

First 14431 Last

Add SP500 (INDEXSP) to my watchlist