Retirement Guru: The 3 ETFs I Will Invest In If I Had $5,000 To Lose
Nothing ventured, nothing gained
Though it may seem crazy, taking risks is essential to achieving gains. As I enter the Pre-Retirement Phase of my life (age 55 to 65), I am still gainfully employed. This allows me to make high-risk investments without jeopardizing my retirement nest egg — provided I limit the risk to no more than 10% of my capital.
Making some high-risk investments has two advantages. Firstly, it increases my average monthly returns by off-setting the low-risk low-returns of my stable investments; and secondly, if these high-risk returns investments pay off, it will pay for a new toy (yes, even seniors like toys) or a nice holiday for my spouse and I.
So if I had $5,000 to lose, here are the three exchange-traded funds (ETFs) I would invest in:
TSLY. The Direxion Daily TSLA Bull 1.5X Shares ETF, abbreviated as TSLY, seeks daily investment results that correspond to 150% of the performance of the Tesla Inc. (TSLA) stock. It offers leveraged exposure to Tesla, making it a high-risk, high-reward investment for those who are bullish on the company’s prospects.
