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Citigroup. I think it was 95 cents. I bought a little under $20,000 of that and some UYG. I think this was 2009. I sold off most of it to hire my first employee. If I’d held it this whole time, it alone would have been something close to $2,000,000.
UYG if you want leveraged financials
BRK and BAC. Both performing well under the current interest rate hike pressure when most stocks are falling. Also UYG, a 2x leverage financials ETF tracking US financial index DJUSFV which again has top holdings in BRK, JPM, BAC, V and MA (V and MA doesn't necessarily do well when rate hikes but they are benefited from economy recovery post-covid.) Could have gone into FAS (3x leveraged etf on Russell 100 financial) instead of UYG, but the thought of a single day 34% dip in financial stocks could potentially make the NAV shrink to close to 0 put me off.
Is getting into a Financials ETF like UYG a good way to offset the bloodletting in cloud tech stocks?
100% agree. I am in UYG, a 2x leveraged financial and bank stock fund.
$FAS and $UYG to the moon 🚀
I can't speak to 5-10 years, but I can tell you you definitely want to be in them right now. Oil - Inflation will keep pushing oil prices higher and higher. There is also a lack of supply as oil companies drastically cut down their rigs to save money during the pandemic. Countries around the world are also slowing coming out of the pandemic, and travel will keep picking up. It is a perfect storm and I think the best sector to be invested in right now. Banks - Inflation will lead to a rise in long term interest rates. Rise in interest rates means more profit for banks. I am personally holding UYG, a 2x leveraged financial ETF.
BROS: if the price comes down a lot NOC: A very safe stock with upside if the space industry takes off ATKR: Dominate in the electrical field CLR: Betting on oil prices continuing their rise due to inflation RHI: I think they will blow out earnings with how much hiring is going on, their business is booming right now UYG: A 2x leveraged fund that is made up of financial stocks. Inflation should lead to higher interest rates = more profits for this sector
Looking on Webull, V's highest ETF weightings are in financial ETFs (IYG IPAY UYG IYF). They fall into some tech ETFs but not in huge amounts. They aren't a bank, but I'm not sure I'd group credit cards in tech either.
UYG is a 2x daily resetting financial services ETF. I use it as an inflation hedge since my portfolio has a growth tilt.
Also, do you have any thoughts or can you explain what UYG is to me? Thanks again.
Based on the breakthrough earnings announced by the banking sector, I bought into a 2x leveraged financial sector ETF called UYG from Invesco on Wednesday. It seems to have done well over the last two days...😊
IPAY BETZ FINX UYG In order how i like them, i own all