Paco Hope #BLM on Nostr: If anyone didn’t see the fuss a couple weeks ago about stock symbols TSLS and TSLQ, ...
If anyone didn’t see the fuss a couple weeks ago about stock symbols TSLS and TSLQ, they are “inverse ETFs”. Basically some traders have a portfolio of shorts on TSLA (I think that’s how it works). You get a share of their portfolio. It’s like a mutual fund but what’s in the fund are NOT stocks. Its value goes up as TSLA’s stock price goes down!
This is not financial advice. I did not tell you to go buy anything. Any money you spend buying TSLS you should write off. You are not likely to make a return unless you are lucky and watching it closely.
Having said that, I couldn’t resist buying a little yesterday. I bought at $11.43 per share and it’s up to $12.10 at the close yesterday. Elon’s (significant) pain is my (insignificant) gain. If I cashed in right now I could probably buy lunch today with the proceeds.
This is not financial advice. I did not tell you to go buy anything. Any money you spend buying TSLS you should write off. You are not likely to make a return unless you are lucky and watching it closely.
Having said that, I couldn’t resist buying a little yesterday. I bought at $11.43 per share and it’s up to $12.10 at the close yesterday. Elon’s (significant) pain is my (insignificant) gain. If I cashed in right now I could probably buy lunch today with the proceeds.