/smg/ - Stock Market General

sorry I misread

There are daily resetting etf's for dow and such

and then there are monthly and 3 month resetting

do you really not know what SPX is lol. It's the S&P 500

you said it wasnt on robinhood , which it is, hence why Im confused

SPX is the actual S&P 500 Index while SPY is a S&P 500 Index. SPX options cost 10x more than SPY and with SPX 60% of your gains are taxed as long term and 40% as short term

your math is wrong lmao. That's not how its calculated.

Start $100.
Index down 6% on first day. ETF promises 3x, so that's -18%.
You now have $82.
Index up 7% on second day. ETF promises 3x, so that's +21%.
You now have $99.22

Assuming no slippage. That's how rebalancing works.

>^3
wait what that doesn't sound right isnt 3x of 6% 18%
admittedly I haven't read the prospectus but still

nigger that doesnt make sense
60% of gains taxed? In what country are you in? Netherlands?

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Not taxed at 60%. But 60% of the gains are taxed at the long term tax rates.

*SPY is a S&P 500 ETF