“Millennial bets most of his savings on one of the stock market’s riskiest plays — and he’s about to cash in $1.5 million”
November 21, 2019
“… he took most of the cash he managed to save from his day job and put it to work in one of the riskiest corners of the market. He claims he purchased about $100,000 worth of Direxion Daily Financial Bull 3X shares FAS, -0.97% and some $70,000 of Direxion Daily S&P 500 Bull 3x shares SPXL, +0.22%…
The $170,000 initial investment just topped $1.5 million.
He said that his only other speculative position at this point is Roku ROKU, +0.36%, but it’s a relatively small piece of his portfolio. Other than that, he’s invested only in index funds and Berkshire Hathaway BRK.A, -0.57%…”