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Strategies & Market Trends : Young and Older Folk Portfolio

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To: chowder who wrote (5766)	6/29/2024 10:14:23 PM
From: jritz0	Read Replies (2) of 21999

RE: I will also be adding small amounts to SSO which is a 2x the S&P 500 fund. I say small because it will take a big hit in a correction but it is my belief that over time the market always heads higher. Therefore people will have to take the short term pain that comes with market volatility. I don't want too much volatility to break their spirit, so I'll keep the positions much smaller. SSO is a geared ETF that should only be held as a hedge, not a long term hold. Even if someone has the stomach to hold thru thick and thin they still won't come close to double the S&P. Long term the risk/reward is not worth it. I'm sure you are aware of this but how do you present this to your clients? They are not recommended for a very good reason. A Guide to Leveraged and Inverse ETFs \| etf.com

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