This week we’re posting early, so prices are nearly guaranteed to change.

We’re thinking leveraged ETFs. Despite what the internet will tell you, leveraged ETFs are a massively great way to garner massive returns.

In reality, they’re really meant more for day traders…or so they say. And while it’s true that they make day-trading far more profitable for a seasoned veteran, they are great buy and holds (depending on the fund).

We shouldn’t have sold our FNGU holdings, it’s back up to triple digits. /wrist

1. AG - $6.35/share, weekly options, dividend yield of 0.216%. This is a silver mining company, or something along those lines. It’s silver.
   
   The price was over $7 and we sold some Puts at a juicy premium. With the sharp drop in price today, we aren’t even sweating it. We WANT these shares.
   
   So what if the price dips? It’s silver. Buy it all day. Or buy real silver and do gold-silver swapping.
   
   
   

2. SPYU - $39.52/share, no options. This started in December of 2023, and as such there is basically no real information available.
   
   What IS known is that this is an ETN with 4x Leverage based on the S&P 500 Index. Oh yeah baby, that’s right.
   
   What’s 4x an average of 7% over 10 years? A metric ass-ton of percents! (28%, it’s 28). And this is assuming you make regular daily or weekly contributions of the same dollar amount in that time.
   
   So if you’re only buying dips, drops, and crashes…. Cha-ching!
   
   
   

3. ETHU - $14.45/share, this 2x leveraged ETF just started this week. It tracks the price of Ethereum.
   
   We’re going in now and leaving it at that. While we love cryptocurrency, we are scared by Ethereum. For several reasons, but the most important caution sticker here is that we simply don’t keep up with crypto. Like, at all.
   
   When we can start paying our mortgages with Bitcoin, then we’ll get back into it and figure out
   
   
   

4. GDXU - $33.44/share, and that’s pretty much all we know. No options. The value of this has gone down quite a bit since its creation in 2020.
   
   These are 3X leveraged shares pegged to two gold mining companies.
   
   This is basically due. Just in case, though, we’re going to tread lightly and try to sell half our position at $42. We’ll see how that works out.
   
   
   

5. FLVCX - $40.08/share, this is actually a Fidelity mutual fund. While not the biggest and baddest leveraged animal out there, it’s averaged 9.62% over 10 years, with 38.53% over 1 year.
   
   We’re a lot more confident putting a larger amount of our capital into this one, even if it’s not really a leveraged ETN in and of itself.
   
   The thing about Fidelity is that they’re really good at making money. Even with fees on managed accounts over $25k, just the reliable growth is pretty much worth it. (Especially if you spend your time doing other things that make money!).