Posted:
#1
i have just landed 60k from a lottery tix. i wanted to know if its a good idea to invest the money into the etf proshares ultrapro s&p500(UPRO). its a 3x s&p 500 leveraged fund. the way i would invest it is by waiting for the eft to drop 10%.
Ex:
i would buy $5000 worth of shares if
the fund drop 10% from its recent high.
high 4/2/12 $86.89
i would buy it on 4/10/12 at $78.20 that would give me around 63 shares. if i make 10% of the $5000 invest i would sell it and make $500 minus fees and taxes. but if i drop another 10% from the $78.20 i would by buy more but this time it would be $15000
Ex:
buy $15k at $70.38 on 5/17/12 =213 shares
so now with an investment of 276 shares worth about $20k i would wait again for it to raise 10% from the $70.38 purchase which accure on 7/3/12 at $77.42. with that sell i would make around $1450 not counting fees and taxes.
Ex:
276 shares at $77.42=$21367.92
minus
63 shares at $78.20
213 shares at $70.38=$19917.54
$21400-$19900= $1500
if for some reasons it happens to fall another 10% i would use the last of my $60,000 -which is $35k- and buy it at $63.34 and sit there and wait for it to come back to $69.67. it might take another month or even years for it to turn a profit but i would still have 828 shares of UPRO in my investment account.
PLEASE GIVE ME SOME FEED BACKS AND EXCUSE MY BROKEN ENGLISH
Ex:
i would buy $5000 worth of shares if
the fund drop 10% from its recent high.
high 4/2/12 $86.89
i would buy it on 4/10/12 at $78.20 that would give me around 63 shares. if i make 10% of the $5000 invest i would sell it and make $500 minus fees and taxes. but if i drop another 10% from the $78.20 i would by buy more but this time it would be $15000
Ex:
buy $15k at $70.38 on 5/17/12 =213 shares
so now with an investment of 276 shares worth about $20k i would wait again for it to raise 10% from the $70.38 purchase which accure on 7/3/12 at $77.42. with that sell i would make around $1450 not counting fees and taxes.
Ex:
276 shares at $77.42=$21367.92
minus
63 shares at $78.20
213 shares at $70.38=$19917.54
$21400-$19900= $1500
if for some reasons it happens to fall another 10% i would use the last of my $60,000 -which is $35k- and buy it at $63.34 and sit there and wait for it to come back to $69.67. it might take another month or even years for it to turn a profit but i would still have 828 shares of UPRO in my investment account.
PLEASE GIVE ME SOME FEED BACKS AND EXCUSE MY BROKEN ENGLISH
,,,,,,,,,,,,, so with the huge dividend any amount the stock rises over the years is just extra gravy!
Uh, Buy Silver .. and lots of it.. 
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