For right now, I’m waiting for a true correction in the upwards direction before entry, it’s kinda uncertain right now IMO. As for actual allocation, probably at least half of Roth IRA portfolio.
TQQQ is diversified, top 100 NASDAQ listings. Its leveraged, 3x the legendary QQQ. It’s up 13,000% in 12 years including this dip. And even before this massive bull run it was up 3500% in nine years (~2019) which is still insane.
I can handle the waves, if anything I’ll just average down anytime I see red. Make my contributions on nice dips. Maybe I’ll take profit after nice bullruns, but either way just gotta not sell emotionally. As long as the NASDAQ continues to grow over decades, TQQQ should continue to outperform almost everything. I think it’s very unlikely that in 30-40 years when I’m thinking about retirement that the NASDAQ will not have grown significantly from now.
So when I start to approach the years before retirement, I’ll just wait for an upwards movement from the Nasdaq and transfer over to bonds or whatever, get the risk out of there and retire.
Am I missing something that will bite me in the ass?
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