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2,958.8 standard & poor's 500

Yes you are correct ..ETFs great for the ETF owners ..certainly...

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Sharetrader78

12,486 Posts.

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11/04/24

13:09

Post #: 73295790
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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.

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Yes you are correct ..ETFs great for the ETF owners ..certainly not a long term hold ...

Value at posting: 2,958.8
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