wait for next drawdown or put 100K into VOO now?
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Date: May 10th, 2024 2:38 AM Author: Demanding son of senegal
You can get 5.3% in a MMA fund risk free. To put money into market now you have to think you'll get at least 10% annual gain to make up for the risk you'll take. Right now SPY is close to its ATH, it's less than 1% off. Sure it cld pass ATH but you really think it will go to 600 or something (its 520 now). It more likely will drop well below 500.
I am not going to put shit into market until QQQ goes below 360. Its peak was around 450 so that is a 20% drawdown. Right now I have 1m getting 5.3% and Im using just 5k to buy puts and calls, inshallah I can net 5k a month doing this
I am an investment masterman btw
(http://www.autoadmit.com/thread.php?thread_id=5526941&forum_id=2#47649927) |
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