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Strategies & Market Trends : Young and Older Folk Portfolio
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To: SeeksQuality who wrote (5784)6/30/2024 8:33:37 AM
From: chowder2 Recommendations

Recommended By
jritz0
onlywords

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Re: The construction of SSO means that "must" is too strong a word.

Fair enough, then insert the word "should".

In any event, I do know that SSO will not provide a loss greater than 10% below my cost basis because if it should do that, it's gone. If it can grow to where it's up 50%, 60% or more, then I "might" hold it in a market meltdown, or I might not.

I placed it in a tax-deferred account so that I don't have to worry about capital gains tax should I trim or sell down the road if the position is profitable.
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