What to Buy to Make 3x Profit 💵💵💵 During 🐂 Bull Rallies ➡️ ProShares UltraPro® QQQ $Nasdaq100 ETF(TQQQ)$
This earning season, investors are giving the 🐂 a run 🚀🚀🚀 Given our red portfolio from the previous market sell-offs, all of us would 😍 a quick way to make a profit without having to hold on to stocks fearing that they would dip the next day or after major economic announcements. During this volatile market, a guarded & profitable strategy might be to trade a daily ETF.
COMPANY PROFILE: ProShares offers one of the largest lineups of ETFs, with more than $60 billion in assets. The company is the leader in strategies such as dividend growth, interest rate hedged bond & geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to enhance returns and manage risk.
ETF PROFILE: ProShares UltraPro® QQQ $Nasdaq100 ETF(TQQQ)$is a LEVERAGED* ETF that was started in 2010. It seeks daily investment results, before fees and expenses, that correspond to 3 times (3x) the daily performance of the Nasdaq-100 Index®.
➡️ *to understand what’s a leveraged ETF is, watch video in: https://www.investopedia.com/terms/l/leveraged-etf.asp
🔎PURPOSE: Investors in TQQQ are seeking to magnify gains on a bull trading day for the Nasdaq-100 Index®.
➡️ Since the Nasdaq-100 tends to be heavily weighted toward technology, Consumer Services, & healthcare sectors, the TQQQ tend to perform well when these sectors perform well.
🤔💭INVESTOR CONSIDERATIONS:
(1) Best used over intraday time frames, not as a buy-and-hold investment.
(2) Expense Ratio: 0.95% (3) Gross Expense Ratio: 1.01% (4) Distributions: Quarterly
As of 31/3/22:
(5) Dividend Yield: 0.7%
(6) Total Number of Companies: 102
(7) Price/Earnings Ratio: 29.07
(8) Price/Book Ratio: 8.1
(9) Average Index Market Capitalisation: 200.35 billion
(10) Exposures (sectors & top 10 index companies): See Photos
(11) Total Number of Companies: 102
(12) Inclusion Criteria for Companies: Non-financial companies currently not in bankruptcy proceedings with appropriate trading volumes and adjusted market capitalization.
👏👏👏BENEFITS:
(1) Quick daily profit during a 🐂 trading day.
(2) Allow investors to make profits through benefitting from the overall increase in Nasdaq-based stocks without having to hold individual stocks.
(3) Getting a target level of exposure for less cash.
(4) Overweighting a market segment without additional cash.
(5) Among leveraged ETFs, TQQQ is 1 of the largest with assets under management of $18.56 billion as of July 2022.
(6) Very liquid-TQQQ is also 1 of the more heavily traded leveraged ETFs in the U.S. with an average daily volume of $5.29 billion.
(7) 👍 instrument for index day traders.
⚠️RISKS/DISADVANTAGES:
(1) Higher fees tend to correspond with inverse ETFs as compared to traditional ETFs.
(2) Need to monitor holdings as frequently as daily.
(3) To me, TQQQ is a medium to high risk holding with high volatility. It will also magnify losses 3x despite the potential of magnifying gains 3x, so Do Read (https://www.proshares.com/our-etfs/leveraged-and-inverse/tqqq/) & DYODD to Ensure Full Understanding Before Investing 👩🏻💻👨🏻💻
What are your thoughts about &/or experiences with TQQQ? Please share them in the comments section & do remember to like my posts, thanks 🤗 Let’s discuss & help all 🐯🐯🐯 invest wisely 🤓 Together we’re stronger 💪💪💪
Related posts on my homepage🕵🏻👩🏻💻: An ETF to Profit from for a Bearish🐻 Trading Period/Day-UltraPro Short QQQ $Nasdaq100 ETF(SQQQ)$
As usual-🤔💭 Consider POV & Actions of investors + 👩🏻💻👨🏻💻 Research + 🗑FOMO & Greed = Investing Wisely 🤓🤗 + Accumulating Wealth 💵💰
Source websites: Proshares, Investopedia.
@Daily_Discussion@TigerStars@CaptainTiger@MillionaireTiger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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