So I was up last night thinking about this and I'm wondering how it is stupid, because it sounds good, but I am pretty new at thinking about investing so I assume it's wildly flawed in some way I'm not aware of. Here's the plan:
1: Invest in S&P 500 ETF (current plan: SPLG), let ride for slow but dependable earnings
2: Wait for 10-20% drop (correction or bear) (possibly even 5% idk)
3: Sell ETF, move funds to 3x leveraged S&P 500 ETF (identical graph) (TQQQ or SPXL) until S&P500 returns to where it was (this has never not happened in the history of S&P 500)
4: Move funds back to original S&P500 ETF
5: Repeat
Wouldn't this mean that gains would generally accumulate at 3x the rate of losses during correction/bear?
I'm planning on running this through a historic stock simulator if I can find a free one but at first thought it seems like a safer idea than meme stocks, and with less hassle than learning about options, which I don't know I have the time or inclination for.
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