Cost of Leverage Can Be Devastating!

Axon · Jun 22, 2020

The following is a funny shitpost I read on another forum. Apparently some people take this stuff quite seriously. Note: this is probably (hopefully) satire.

SOXL is the answer. Face it. Semiconductors are crack in all but name. The desire for newer, faster, more is insatiable. Computers, GPUs, self-driving electric cars, AI enhanced smartphones, medical devices, microcontrollers, networking gear, machine learning, surveillance, infrastructure, military, the list goes on. No matter how many cores, how fast or efficient, demand requires bigger, faster, cheaper, better. The clamor for fresh silicon gives nary shit for national identity, creed, hue, gender or other vain conceit. The multitude speaks in singular. The plea: semiconductor.

SOXL couples a single ETF entry point with the the best companies the space has to offer then pushes these already stellar returns to the limit with 3x leverage. With SOXL your economic interests are aligned with hardware powerhouses TSM, Nvidia, Qualcomm, Intel, Broadcom, AMD, Micron, Texas Instruments, Applied Materials, et al. Real tech companies with innovative products people want, not """tech""" """companies""" pushing shitty ads. And like all leveraged ETFs, SOXL is rebalanced daily, accelerating gains in an upmarket while deftly mitigating margin risks in a down.

In the last 7 years, barring the coronavirus interruption, SOXL has exploded over 55x yet still we are early. Semiconductor growth will proceed exponentially until every viable space is saturated with it. This is a fait accompli; the sheer number of interested parties and compelling outcomes make it so. The injection of increasingly compact and efficient sensors, microcontrollers, information processing and storage into everywhere and everything will be this era's seminal revolution, a revolution with SOXL holders planted firmly at the receiving end.

Stop waiting for more "pullback". The crash was a gift and fretting over the exact bottom is meaningless. Waiting is a failure mode. Now. Buy it now.
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Scataphagos · Jun 23, 2020

Axon said:
The following is a funny shitpost I read on another forum. Apparently some people take this stuff quite seriously. Note: this is probably (hopefully) satire.
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SOXL chart looks a lot like TQQQ... which has greater depth and liquidity.

Handle123 · Jun 23, 2020

ironchef said:
I thought you guys said never average down?
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Systems ave down on any timeframes entry on my automation, am always early.

maxinger · Jun 23, 2020

personally, I feel

LOW Cost of Leverage Can Be Devastating!

Whatever it is, if leverage doesn't suit you, then don't use it.

Thor · Jun 23, 2020

With a 10 to 15 yr horizon, nothing comes close to triple x

Thor · Jun 23, 2020

qwerty11 said:
Since inception it is up 5300% while the Nasdaq only 360% so not devastating at all.........
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How many years from inception ?

themickey · Jun 23, 2020

Thor said:
How many years from inception ?
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Showing at 20 years 5289% atm.

qwerty11 · Jun 23, 2020

Thor said:
How many years from inception ?
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10

qwerty11 · Jun 23, 2020

Thor said:
With a 10 to 15 yr horizon, nothing comes close to triple x
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That only has been true for some big sectors, especially technology...

BlacknBlue · Jun 23, 2020

Leverage is the easiest way to outperform the market. Just buy dips. Don't buy during a parabolic run up lol...