“$500/Month Gamble: Should This Vet Bet Big on TSLA or Leverage?”
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Tesla (TSLA) has become the buzz of Wall Street, captivating both die-hard admirers and skeptics alike. While some investors hail it as a revolutionary force poised to reshape the future, others are wary of its notorious price swings. For a 38-year-old military veteran with a solid financial footing, this ongoing debate couldn’t be more pertinent.
After a commendable service cut short by injuries overseas, this veteran has crafted a secure financial landscape. He boasts a fully funded emergency reserve of $15K, maxed-out Roth 401(k)s, IRAs, and a steady income streaming from his business ventures.
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Now, with $500 set aside each month for high-risk investments, he’s at a crossroads: Should he dive into TSLA or take the plunge into leveraged ETFs? In search of clarity, he turned to Reddit for insights from fellow investors.
Skepticism Surrounds Leveraged ETFs
The general sentiment in the r/ETFs community is clear: leveraged ETFs may not align with this veteran’s financial goals.
“Stay away from leveraged ETFs. They can skyrocket and plummet just as fast. They’re meant for ultra short-term trades, not long-term investments,” said one informed commenter.
Discover the Potential in Commercial Real Estate
Yet, amidst the caution, a savvy Redditor highlighted some innovative options worth exploring.
“There are fresh leveraged ETFs that focus on long-term gains. For instance, check out BTGD, which combines Bitcoin and gold,” suggested another informed member.
The Growing Support for Index Funds
The enthusiasm for index funds was palpable in the comment section, with various investors sharing their top picks.
“VOO tends to be favored over QQQ due to lower expense ratios. While QQQ might offer higher potential upside, it can also eat into your profits,” commented one knowledgeable user.
Trending Opportunity: Arrived Home’s Private Credit Fund has historically paid an annualized dividend yield of 8.1%*, which provides access to short-term loans secured by residential real estate, with a low minimum investment of only $100.
A second investor chimed in, sharing a list of funds he personally supports, hinting that the military vet might want to consider them.
Note: This is not investment advice. All rights reserved.
