I want to take $5k and maximize profits over the next 10 years. The first thing I thought of was to invest in a large handful of small cap stocks in AI and another large handful in mid cap stocks. Then I discovered leveraged etf TQQQ. Sure, I might take a 40% hit between now and mid 2023 – but I will make it all back and then some over the remaining 9 years, correct? A math nerd friend of mine said I am better investing in QQQ and VOO because with leveraged etfs if your market segment goes down 34% on a 3X leveraged etf you are now down 100% and have lost everything – if this is true why would anyone invest in theses?
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