Whenever I analyze an ETF that tracks a macro-index, I first look at the economic backdrop for that ETF, which, here, would be the US economy. Then I look at a chart of the ETF to see if this is an appropriate time to go
TQQQ: Take A Pass For Now
Summary
- The macro environment is positive.
- The TQQQ is a triple-leveraged ETF, which means it's only for the most risk-on investors.
- Since the QQQ has responded in either direction during the last month, hold off for now.
Hale Stewart spent 5 years as a bond broker in the late 1990s before returning to law school in the early 2000s. He is currently a tax lawyer in Houston, Texas. He has an LLM in domestic and international taxation (MagnaCumLaude). He is the author of the book The Lifetime Income Security Solution. Follow me on Twitter at @originalbonddadYou can read his legal analysis on his law office's blog.
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