Any Aussie equivalent for SQQQ

Discussion in 'Shares & Funds' started by OzInvest2022, 26th May, 2022.

Join Australia's most dynamic and respected property investment community
  1. OzInvest2022

    OzInvest2022 Member

    Joined:
    21st Mar, 2022
    Posts:
    24
    Location:
    Sydney
    Nasdaq Shorting ETF (SQQQ) have performed really well this year (almost 100% YTD). Any aussie equivalent for nasdaq or S&P 500 or even ASX200?
     

    Attached Files:

    OzInvest2022, 26th May, 2022
    #1
  2. Blueskies

    Blueskies Well-Known Member

    Joined:
    24th Aug, 2015
    Posts:
    1,769
    Location:
    Brisbane
    BEAR, BBOZ, BBUS *

    * Past returns no guarantee of future performance
     
    Blueskies, 26th May, 2022
    #2
    spludgey, gman65 and Sackie like this.
  3. Redwing

    Redwing Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    7,488
    Location:
    WA
    Expecting it to fall a lot further?

    upload_2022-5-26_18-57-35.png
     
    Redwing, 26th May, 2022
    #3
  4. Sticky

    Sticky Well-Known Member

    Joined:
    2nd Jul, 2015
    Posts:
    73
    Location:
    Melbourne
    SNAS is the Short ETF for Nasdaq
     
    Sticky, 28th May, 2022
    #4
  5. Casteller

    Casteller Well-Known Member

    Joined:
    29th Jun, 2015
    Posts:
    1,414
    Location:
    Barcelona, Spain
    Those synthetic ETFs aren't perfect and have some decay, e.g. if an index goes down and returns to the same level the ETF will be worth slightly less, and over long term lose value. So they are only good for short term holds.
     
    Casteller, 28th May, 2022
    #5
    OzInvest2022, Krisyd and gman65 like this.
  6. Krisyd

    Krisyd Well-Known Member

    Joined:
    23rd Jun, 2019
    Posts:
    88
    Location:
    Upper North Shore, Sydney
    +1
    I have burned my hand (cash) on a short to medium term
     
    Krisyd, 28th May, 2022
    #6
    Silverson likes this.