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
0
,,,,,,,,,,,,, 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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