I've decided to up the "spiciness" of my VP to extra hot levels with some leveraged ETFs.
What I really like about leveraged ETFs is that they allow the investor to access leverage in a safe way. That is, you can only lose the principal and can't actually go into debt.
I've thrown a chunk of cash equally into two Horizons products. The first tracks the TSX 60 and the other is the S&P 500.
InsuranceGuy wrote: ↑Wed Jan 20, 2021 4:50 pm
These look to have somewhat low volume. For S&P 500 you might try SPXL for 3x Daily, if you prefer 2x then you can hold 50% SPY/50% SPXL.
Alas, as a Canadian the Horizons suite of leveraged ETFs are pretty much my only option.
InsuranceGuy wrote: ↑Wed Jan 20, 2021 4:50 pm
These look to have somewhat low volume. For S&P 500 you might try SPXL for 3x Daily, if you prefer 2x then you can hold 50% SPY/50% SPXL.
Alas, as a Canadian the Horizons suite of leveraged ETFs are pretty much my only option.
I forget you are Canadian, I assume the currency conversion fees are brutal.
Indeed! And don't get me started on our expense ratios up here in the north.
I am envious of the economies of scale that U.S. investors enjoy.
