By Douglas French
Just as Wall Street created products to participate in the housing boom (subprime mortgages, mortgage backed securities, credit derivatives), the industry now has triple leveraged ETFs to satisfy the public’s gambling appetite.
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32 sats \ 1 reply \ @IamSINGLE 26 Jul
I view leveraging in the same way as gambling is!
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0 sats \ 0 replies \ @Undisciplined OP 26 Jul
I think most "investors" are essentially just gambling. They aren't investing in things because they understand them or want to support them. They're just hoping to get lucky.
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42 sats \ 1 reply \ @grayruby 26 Jul
3x? That’s all you got? We can do better than that. At least 5x.
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20 sats \ 0 replies \ @Undisciplined OP 26 Jul
I'm sure they will.
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21 sats \ 6 replies \ @Satosora 25 Jul
Leveraging will always be a poison to society.
The people that use it are leeches.
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20 sats \ 5 replies \ @Undisciplined OP 25 Jul
Only if they get bailed out. Otherwise, they'd just be cautionary tales.
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21 sats \ 4 replies \ @Satosora 25 Jul
Only the wealthy leverage.
Everyone else who does ends up bankrupt.
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20 sats \ 3 replies \ @Undisciplined OP 25 Jul
They'd probably end up bankrupt too, if they didn't get bail outs.
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21 sats \ 2 replies \ @Satosora 25 Jul
The wealthy always get bailed out.
Especially corporations.
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20 sats \ 1 reply \ @Undisciplined OP 25 Jul
True, but that's not leverage's fault.
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0 sats \ 0 replies \ @Satosora 25 Jul
If they didnt have the ability to leverage, the wouldnt be in that situation.
They would just go bankrupt.
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