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   Paul Cantrell (inthehands@hachyderm.io)'s status on Friday, 21-Mar-2025 05:19:19 JST Paul Cantrell

   • Don Marti

   @mattia @dmarti
   Is it a retirement account, or a brokerage account? Because basically none of the former will.

   • Embed this notice
     Paul Cantrell (inthehands@hachyderm.io)'s status on Saturday, 22-Mar-2025 08:14:25 JST Paul Cantrell

     in reply to

     • Don Marti
     • Rob Napier
     • Nathan Williams

     @cocoaphony @nathanw @mattia @dmarti
     I mean, I’m basically on Vanguard’s side here: these knife-juggling financial instruments just aren’t a tool any normal individual should be using to do investing.

     But since it’s available to us…what Rob said: I’m willing to burn a little of my money to make the point.

   • Embed this notice
     Nathan Williams (nathanw@metasocial.com)'s status on Saturday, 22-Mar-2025 08:14:26 JST Nathan Williams

     in reply to

     • Don Marti

     @inthehands @mattia @dmarti Vanguard brokerage also doesn't allow it. "On January 22, 2019, Vanguard stopped accepting purchases in leveraged or inverse mutual funds, ETFs (exchange-traded funds), or ETNs (exchange-traded notes). " https://investor.vanguard.com/investor-resources-education/etfs/leveraged-inverse-etf-etn

   • Embed this notice
     Rob Napier (cocoaphony@mastodon.social)'s status on Saturday, 22-Mar-2025 08:14:26 JST Rob Napier

     in reply to

     • Don Marti
     • Nathan Williams

     @nathanw @inthehands @mattia @dmarti This is something I quite like about Vanguard. They're not about these kinds of tricky derivatives.

     Even so, I'm in for $5k TSLZ through Fidelity.

     I lost $300 today.

     In practice, I don't think it's incredibly effective. It indirectly funds short sellers, and once short sellers push a stock below its fundamentals, there's strong pressure for buyers to push the price back up.

     But I think TSLA is way above its fundamentals. And I'm willing to make a point.