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2,958.8 standard & poor's 500

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onetricky

14,392 Posts.

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10/04/24

23:29

Post #: 73286450
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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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those unforeseen circumstances seem to have worked out well for you

Value at posting: 2,958.8
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