Australia's largest stock trading and investment forum Australia's #1 stock forum

SP500

Click for more information

0.58%

2,958.8 standard & poor's 500

BBUS, page-14434

First 14434 Last

Share
Profile

Follow
Sharetrader78

12,563 Posts.

1763

11/04/24

13:09

Post #: 73295790
Share

Originally posted by Tarvold: ↑

Unfortunately due to unforeseen circumstances I had to close out my LNAS position today.
It was only a small.experimental position.
Made a decent 65% return based on buying a small monthly amount, every month between Jul-22 & Apr-24.
That included only paying $11 in total brokerage fees for all the purchases & the close out.

Over the same period the NASDAQ went up 52% & LNAS 74%, so the actual gearing impact was approx 112.6% nowhere near the theoretical 225%.

Just goes to show you have to be really careful with ETFs even when the market is with you.

Good luck all.

Expand

Yes you are correct ..ETFs great for the ETF owners ..certainly not a long term hold ...

Value at posting: 2,958.8
1 Upvote

0 Great analysis

Reply

There are more pages in this discussion • 17 more messages in this thread...

First 14434 Last

Add SP500 (INDEXSP) to my watchlist