Leverage for the long
Leverage for the long haul! Can we turn UPRO - a 3x leveraged S&P 500 ETF - into a reasonable long term investment? Lets backtest 4 different strategies for minimizing volatility/leverage decay using moving averages, the VIX Index, and more.
Does UPRO deserve a spot in your portfolio? Can we get good risk-adjusted returns out of it (sharpe ratio, low drawdowns)?
How leveraged ETFs work: https://www.youtube.com/watch?v=0ZkdxQoZdw0&t=5s
Backtesting ETF strategies using Excel: https://www.youtube.com/watch?v=fwO1JwOmHvE&t=2554s
UPRO summary: https://www.proshares.com/funds/upro.html
*Leveraged ETFs carry risk. Be sure you understand how these products work before trading them.
#leverage #etfs #leveragedetf #proshares #upro #sp500 #spx #trading #stockmarket #investing #riskadjustedreturn #drawdownreduction #backtest #tradingstrategy #vix #vixindex #volatility #leveragedecay #volatilitydecay
For the vix < 25. Are you suggesting any time the daily price moves above $25, you sell And move to cash? Seems like it’s been below that since early November
What is your source for the Market Sentiment Index?
What has been your experience with leveraged ETFs like UPRO? I'd love to know!
always trust the guy wearing Patagonia ?
jokes aside, this was really informative!
What are the expectations
What are the expectations for the interim period of a defined outcome investment?
The Craziest Ponzi
The Craziest Ponzi Schemes in History. Top Ten True Crime Stories. A hundred years ago in 1920, Charles Ponzi became famous when his investment scheme collapsed. Ponzi promised to double investors money in three months, at his peak he brought in more than $2 million per week at his offices in downtown Boston.
Ninety years later, Bernie Madoff was all over the news for the same reason. Madoff had taken Ponzis scheme and ran it on a much larger scale. Prosecutors estimated the fraud to be worth $65 billion. While Ponzis scheme burned out in less than six months, Madoffs scheme lasted for twenty years.
Dozens of Ponzi schemes are uncovered every year. The true toll of these Ponzi Schemes on the economy is unknown, but whenever you are being pitched something that seems too good to be true, odds are that it is.
I have put together this collection of the top ten strangest Ponzi schemes, and there are some really crazy schemes out there. Let me know if I have missed out on a good one.
Patreon Page: https://www.patreon.com/PatrickBoyleOnFinance
2:07 The Yilishen Tianxi Group - Ants
4:37 Susi Emu Farms
6:43 Cassandra Partners
10:05 Buddy Persaud - Astrology
11:24 JCS Enterprises - Virtual Concierge Machine
12:48 Sundown Entertainment - Comic Books
16:00 Mutual Benefits Corporation - Life Insurance
17:42 Greater Ministries International
Follow up video: https://youtu.be/0v_bq1ih7pI
The Yilishen Tianxi Group
More than a million people invested in the Yilishen Tianxi Group by buying and raising boxes of black mountain ants.
Wang Zhendong the companys founder was sentenced to death for this fraud.
Susi Emu Farms
M.S. Guru operated Susi Emu Farms, which promised investors a weekly return of $120 in exchange for a $3,000 investment that supposedly purchased a baby emu.
Dana Giacchetto and Cassandra Partners
Dana Giacchetto managed money for A-list stars as Leonardo DiCaprio, Cameron Diaz, Matt Damon, Ben Affleck, and the cast members of the TV show Friends. He often partied with a cockatoo perched on his shoulder. It turned out he was a pirate.
Buddy Persaud, was arrested and charged with operating a Ponzi scheme that promised risk-free returns derived from investing in the futures markets and other markets. His trading strategies were based on lunar cycles and the gravitational pull between Earth and the moon.
Investors were told that an investment in JCS Enterprises involved the purchase of a virtual concierge machine that resembled a bank automatic teller machine and allowed users to view advertisements for products or services. Investors were told that their machine would be placed in a business where it could generate lucrative profits.
Sundown Entertainment Inc
Sundown Entertainment Inc purported to specialize in the distribution of film and comic-book rights. Potential investors were told that their investment would be used to purchase the rights to old film footage that then would be used to produce and distribute movies and documentaries. Sundown lured investors by promising returns on short-term investments of up to 150%. In total, Sundown raised more than $7 million from over 150 investors.
ZeekRewards, solicited investors worldwide to participate in its penny-auction business where participants could “bid” on popular merchandise in 1-cent increments. In addition to the ‘retail” business, the company also promised its “affiliates” hefty returns for recruiting new participants and placing free advertisements on other sites. In return, those “affiliates” were rewarded with daily returns of 1.5%. In total, nearly 1 million “affiliates” would entrust more than $500 million to ZeekRewards.
Mutual Benefits Corporation was a Florida based investment sales company that operated a huge ponzi scheme selling viatical settlements, with investors losing an estimated $835 million. The company operated for around ten years, selling $1.25 billion worth of life insurance policies to 30,000 investors.
Greater Ministries International was a Christian ministry that ran a Ponzi scheme taking nearly 500 million dollars from 18,000 people. Headed by Gerald Payne in Tampa, Florida.
Jean-Pierre Van Rossem, was a self-styled financial wizard and Marxist turned anarchist, one-time owner of a Formula One racing team, convicted fraudster, former heroin addict, novelist - and possibly the most colourful figure in the history of Belgian politics.
Van Rossem set up in business as a stock-market guru claiming he found a formula for predicting and beating markets, yielding enormous returns. He set up an investment company called Moneytron, the name of a "supercomputer" able to predict economic fluctuations, a machine nobody else ever got to see as it was supposedly kept behind a locked door in his office.
NOBODY dare mention RELIGIONS as part of Ponzi schemes!!!
You should Check the lebanese Ponzi scheme, it lasted for almost 30 years, which costed and still costing Lebanese people more than 100 Billion Dollars
Colleges sell you a job they don't have. For profit colleges sell you a job AND credibility they don't have
Hey Patrick what do you think about crypto Ponzi schemes and scams?
In Russia ponzi scheme was implemented by MMM, still is a synonym for ponzi