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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk
SOXL 40.49-1.7%Dec 16 4:00 PM EST
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Winfastorlose
To: Winfastorlose who wrote (191561)7/8/2023 4:20:54 PM
From: D.Austin3 Recommendations  Read Replies (1) of 207323
 
carry a warning from their fund managers that they are for short term plays only. .

I used to listen to a guy on the radio about the time triple Direxion and Proshares were introduced.
He and most of his trading buddies bought em in the morning and sold at the close.

But for the TQQQ it would have been best to just hold on.

I did a half ass comparison on the QQQ and the TQQQ & SQQQ

The TQQQ and the SQQQ have been around for about 162 months give or take a few days.

The TQQQ has had 6 - 2 for1 splits and 1 - 3 for1 split - 2/1/2010 traded at a low of .4056.
with lousy periotic dividends - - $100.00 bought about 246.56 shares - - today you end up with 23667.84 shares worth about $943,636.78

The SQQQ had 4 - 1 for4 reverse splits and 2 - 5 for1 reverse splits - 2/1/2010 traded at a high of $52,000.00.
with lousy periotic dividends - - you would be more than broke if you stuck with this years ago.

In the same 162 months the QQQ - 2/1/2010 closed at about $45.00 - the June 2023 close was $369.00
with increased quarterly dividends, what I found on BING - 2010 to the end of 2019, if you invested $10,000 in QQQ you would have had $51,465.00 at the end of 2019.


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