Is investing on margin for QQQ worth it with a 6.5% interest rate?

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  • November 8, 2024 at 12:18 pm #112100 Reply
    USER

      How do you all feel about investing on margin? I was thinking of trying this out on robinhood to invest into QQQ. On average stock market increase by 8 percent a year?

      The interest rate on margin would be around 6.5 percent. Any thoughts on this?

      November 8, 2024 at 12:20 pm #112101 Reply
      Anthon

        I use leveraged etfs instead. UPRO is SP500 3x. You do need a strategy to get out during bear markets though. If you want to know more, let me know.

        November 8, 2024 at 12:20 pm #112102 Reply
        Kevin

          Don’t do it. The riskiest of the risky business out there! I currently have 81 TSLA & NVDA call options totaling about $550k in capital, so im relatively comfortable with options trading…. but I still.

          wouldnt touch margins with a 10 ft pole!

          I’ve heard too many horror stories.
          Good luck.

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