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I’m 39. My Roth IRA recently passed $1M mostly because of a buy and hold tqqq strategy beginning in 2014. The only time I sold was in Feb 2020 just before COVID
by throwawaytqqq 5y ago
I’m 39. My Roth IRA recently passed $1M mostly because of a buy and hold tqqq strategy beginning in 2014. The only time I sold was in Feb 2020 just before COVID and rebought in May of 2020 for the wild ride up.
High risk. High reward. I’m normally a very down the fairway Full market etf investor. But with the Roth i wanted to take a bit of a gamble. And it’s paid off.
That said, the possibility of an XIV moment is very real. Not for the faint of heart by any means.
- sabujp 5y agothat's great, and you did the right thing by being aware of external factors and pulling out before the pandemic!
- dannyw 5y agoSimilar situation. All the articles about TQQQ is like everyone telling people to not buy bitcoon in 2013, 2015, 2018, etc. Yes, I get TQQQ has significant risks, including the risk of going to zero. So what? It's not my only holding. It's a modest allocation.
- albatrosstrophy 5y agoCouldn't find the answer on Google. What's an XIV moment? I know it's something bad but what's the origin of the phrase.
- rahimiali 5y agoI didn’t know the reference either, but maybe this article explains the event: https://towardsdatascience.com/the-xiv-meltdown-1b0608110b9f https://towardsdatascience.com/the-xiv-meltdown-1b0608110b9f
- xhrpost 5y agoIt's a VIX inverse ETN that collapsed a few years ago. Lot of people got burned.