I've read pretty much every publication on XEQT/VEQT. I watched youtube videos, listened to podcasts, read blogs, and asked in facebook FIRE groups and reddit. I am hoping for SOMETHING to convince me that the home country bias in Canadian stocks makes sense because I would really love a one-fund set and forget portfolio.
Actually one of the most notable, major benefits is reducing "currency risk" which you forgot to mention, but I'm unsure about how impactful it really is. It seems highly negligible.
If you have lost faith in it, why are you still holding it? I'm not attacking you.... but here's the logic. If you think that something is going to do poorly in the future, regardless of how much you have gained or lost at this point, you need to dump it. If you think that the current price is over-valued, then you expect it to drop. The only reason behind holding it is the psychological attachment you have.... it hurts to realize the losses, of course.
In reality on 25% of the people going to the club can really afford it… I have some inside information on this topic actually as a former manager of a club. All the niggas that go to the club can be broken down into 4 categories:
It's mostly 3 I feel like, a lot of people can afford to spend $$$ in the club (at least once in a while) even with relatively "normal" jobs, they just decide it's not that fun and a terrible use of their money.
My question is who would actually get scammed by this... If someone is buying a rolex I sure hope it's not off of FB marketplace from some sketchy guy who doesn't look like he could pull off wearing one. Even the way he texts doesn't "sound legit" for a high-ticket item like that 💀
I went through Composer for a few months. I followed and invested in a bunch of strategies with insane backtests. Nothing really seemed to work in practice; most of them would immediately hit bigger drawdowns than had ever happened in the entire backtest. I got out.
Yeah, he's been regularly posting threads claiming that TMF is a scam and threatening to sue Direxion for quite a while now. Clearly a guy who didn't understand what he was getting into when he bought in, and still doesn't, after many knowledgeable people have tried to calmly educate him.
It's the only thing available for that much vol unless I want to mess with futures on intermediates ("modified HFEA" on BH if you want to look it up, much discussion about this exact thing), which I don't. The devil we know sort of thing. I'm not really pro- or anti-TMF.
1.55% MER is really expensive, it also has like a small fraction of the AUM of SSO so I'd be worried about them ending the fund potentially if it doesn't attract enough attention.
Eventually? I mean you should be holding some index fund alongside it, bonds by themselves are not investments, they just keep up with inflation, 3x that and you’re toast
Prediction: OP’s post will not age well and will he “[deleted]” within days of the next TMF spike where it acts well as a hedge (which is almost every time you’d lose your shirt being 100% 3x TQQQ/UPRO).
Because I am concerned with irrecoverable losses. TMF is in the shitter massively and UPRO isn't expected to perform that great at these valuations for largecaps.
Exactly people are so silly. They already ask for a bunch of your personal info for their “application” they make you fill out (some template from Google). This still doesn’t mean that this person will be a good tenant. Even then they can use personal bias against you so maybe you wouldn’t have been a “good fit” even if you had answered it to the best of your ability. That’s just how it goes when you’re a landlord - at some point they have to suck it up. It’s always a risk. But this happens all the time and it’s not fair to honest ppl
Yeah it's super subjective. Past a certain point (student, looks responsible, nothing obviously suspicious) I don't see how it's not really just a tossup. Especially when you're renting out a single crappy room for $800, you obviously won't get the most ideal tenant in mind in terms of being absolutely 0 risk.
Nursing student, should be sufficient. Honestly an individual’s life style, as long as they generate an income, shouldn’t be anyone’s business. Here’s your overpriced rent. Now mind your own business. I am not meaning to be rude, but these days people want to pry more and more into other peoples lives.
Wait, what are you suggesting one do? 3x leveraged equities with short duration T-bills? That strategy sucked for a lot of history other than just the past few years. It looks like you are interested in “what has worked lately” whereas I’m interested in “what has worked almost always and never wiped anyone out”.
Hmm right. I guess that just goes back to letfs being so entry-point dependent. Because looking at most of the other start dates gives you quite a bit higher cagr.
I will never understand why cysts are simply not covered. No matter where they are located they are extremely painful. I had one on my cheek that required antibiotics and drainage more than once. Guess what - not covered and considered cosmetic. When something is the size of a loonie on your face and causing a fever I don't think it is vanity. Hundred of dollars later...thanks OHIP.
Signing up for a phone plan when Bell is running a promo of 20gb/$55 vs. just doing whatever and paying $100 a month isn’t the same as saying you need to cut back on everything.
Yeah but that also is a tiny drop in the bucket. Nice you saved $40 a month on your phone plan, but then rent and house prices grew by 10x more than that amount in a week.
The call options will have the issue of theta decay, as the recession might still be 18 months away from today. TLT should still increase as inflation goes down, but it might not be as big an increase as desired.
This reminds me of those "youll never have a calculator all the time" typa arguments
Id rather have a class give me a whole ass final assignment that needs me to make something functional using the knowledge from the course instead.
I've read pretty much every publication on XEQT/VEQT. I watched youtube videos, listened to podcasts, read blogs, and asked in facebook FIRE groups and reddit. I am hoping for SOMETHING to convince me that the home country bias in Canadian stocks makes sense because I would really love a one-fund set and forget portfolio.
Actually one of the most notable, major benefits is reducing "currency risk" which you forgot to mention, but I'm unsure about how impactful it really is. It seems highly negligible.
I'm having trouble haha 💀
Sorry haven't checked reddit in a while, dm if you want/still need help!
Bro, stop looking. You are getting yourself mixed up between returns vs variability... essentially mixing up signal and noise. Fooled by Randomness.
If you have lost faith in it, why are you still holding it? I'm not attacking you.... but here's the logic. If you think that something is going to do poorly in the future, regardless of how much you have gained or lost at this point, you need to dump it. If you think that the current price is over-valued, then you expect it to drop. The only reason behind holding it is the psychological attachment you have.... it hurts to realize the losses, of course.
Please respond.
They rose from 1% to 5.25% from 2004 to 2007, not to mention multiple hikes before and after then.
So why buy TMF instead of ZROZ? Do you enjoy paying over a 1% MER to pay FFR + spread to leverage 3x bonds, just to suffer from volatility decay?
That’s what HFEA is. Why don’t you look at Hedgefundie’s analysis as well as backtests?
His analysis isn't very good. ZROZ is better due to having lower fees and not suffering from decay.
In reality on 25% of the people going to the club can really afford it… I have some inside information on this topic actually as a former manager of a club. All the niggas that go to the club can be broken down into 4 categories:
It's mostly 3 I feel like, a lot of people can afford to spend $$$ in the club (at least once in a while) even with relatively "normal" jobs, they just decide it's not that fun and a terrible use of their money.
My question is who would actually get scammed by this... If someone is buying a rolex I sure hope it's not off of FB marketplace from some sketchy guy who doesn't look like he could pull off wearing one. Even the way he texts doesn't "sound legit" for a high-ticket item like that 💀
Hi Fluffy. TMF is going to 0. Good luck
No... no take that back!
I went through Composer for a few months. I followed and invested in a bunch of strategies with insane backtests. Nothing really seemed to work in practice; most of them would immediately hit bigger drawdowns than had ever happened in the entire backtest. I got out.
Is HFEA an overfitted scam itself though?
Don't buy TMF it is a scam.
What's your cost basis?
Around $9.60
[удалено]
They told me to stop calling or else they will notify the police.
Yeah, he's been regularly posting threads claiming that TMF is a scam and threatening to sue Direxion for quite a while now. Clearly a guy who didn't understand what he was getting into when he bought in, and still doesn't, after many knowledgeable people have tried to calmly educate him.
I want my money back.
sorry man. no one here can help
Return my money RIGHT NOW.
It's the only thing available for that much vol unless I want to mess with futures on intermediates ("modified HFEA" on BH if you want to look it up, much discussion about this exact thing), which I don't. The devil we know sort of thing. I'm not really pro- or anti-TMF.
1.55% MER is really expensive, it also has like a small fraction of the AUM of SSO so I'd be worried about them ending the fund potentially if it doesn't attract enough attention.
It's a big city in a first-world country dude.
Yea, that’s from his longs. His instincts on what’s undervalued is much stronger than what’s overvalued
So does that mean TMF will go up? Please, I can't take the losses anymore.
Eventually? I mean you should be holding some index fund alongside it, bonds by themselves are not investments, they just keep up with inflation, 3x that and you’re toast
Yeah of course. UPRO alongside it, and then VT in taxable account.
Prediction: OP’s post will not age well and will he “[deleted]” within days of the next TMF spike where it acts well as a hedge (which is almost every time you’d lose your shirt being 100% 3x TQQQ/UPRO).
Sure, let's see it when it happens. When do you predict?
If you can’t be down 13k without throwing a tantrum why are you using LETFs lol?
Because I am concerned with irrecoverable losses. TMF is in the shitter massively and UPRO isn't expected to perform that great at these valuations for largecaps.
Exactly people are so silly. They already ask for a bunch of your personal info for their “application” they make you fill out (some template from Google). This still doesn’t mean that this person will be a good tenant. Even then they can use personal bias against you so maybe you wouldn’t have been a “good fit” even if you had answered it to the best of your ability. That’s just how it goes when you’re a landlord - at some point they have to suck it up. It’s always a risk. But this happens all the time and it’s not fair to honest ppl
Yeah it's super subjective. Past a certain point (student, looks responsible, nothing obviously suspicious) I don't see how it's not really just a tossup. Especially when you're renting out a single crappy room for $800, you obviously won't get the most ideal tenant in mind in terms of being absolutely 0 risk.
Nursing student, should be sufficient. Honestly an individual’s life style, as long as they generate an income, shouldn’t be anyone’s business. Here’s your overpriced rent. Now mind your own business. I am not meaning to be rude, but these days people want to pry more and more into other peoples lives.
I literally just bought more, so thanks I will! :)
How did that buy go?
Wait, what are you suggesting one do? 3x leveraged equities with short duration T-bills? That strategy sucked for a lot of history other than just the past few years. It looks like you are interested in “what has worked lately” whereas I’m interested in “what has worked almost always and never wiped anyone out”.
Please respond.
Don't buy tmf, it will never financially recover from this beating
$6 seems awful cheap, but you’ll think it’s even better @$4.. I ALMOST pulled the trigger @$7…
At least you didn't pull the trigger at $9.60 for shares and now are bagholding it. (Kill me)
It's not looking good bros.
https://imgur.com/a/5lWs8CG
Hmm right. I guess that just goes back to letfs being so entry-point dependent. Because looking at most of the other start dates gives you quite a bit higher cagr.
yea just having a bit of fun with the numbers. TQQQ is still the bomb.
TMF is the bomb too, but in a bad way
I will never understand why cysts are simply not covered. No matter where they are located they are extremely painful. I had one on my cheek that required antibiotics and drainage more than once. Guess what - not covered and considered cosmetic. When something is the size of a loonie on your face and causing a fever I don't think it is vanity. Hundred of dollars later...thanks OHIP.
Because our healthcare system is shit. We only cover medically necessary treatments, and even then it's terrible with wait times.
I love how these people are justifying 100k is comfortable enough to live on what 60k used to provide “a comfortable life” if budgeted to the teeth
"It's pretty good if you cut back on everything and live a very meager life!"
Signing up for a phone plan when Bell is running a promo of 20gb/$55 vs. just doing whatever and paying $100 a month isn’t the same as saying you need to cut back on everything.
Yeah but that also is a tiny drop in the bucket. Nice you saved $40 a month on your phone plan, but then rent and house prices grew by 10x more than that amount in a week.
The call options will have the issue of theta decay, as the recession might still be 18 months away from today. TLT should still increase as inflation goes down, but it might not be as big an increase as desired.
TMF is a scam.