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Culture War Roundup for the week of November 4, 2024

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UPRO doesn't seem to have performed that well.

https://www.marketwatch.com/investing/fund/upro

On 1/1/2020, it was at $36, now it's at $95. Tesla went from $36 to $335. Bitcoin did even better, going from about $7,000 to $88,000 today. Even Apple went from $74 to $224, it did better than UPRO (and pays dividends). Microsoft did similarly well.

It's not like Microsoft or Apple were unheard of back in early 2020, they're basically blue-chips.

ETFs are generally mediocre investments and have management fees, better to just pick out stocks or crypto specifically. If we look at just the 1 year, Bitcoin is up 140%, UPRO is up a measly 100%. UPRO might be a decent investment but it's not a great one.

A decent amount of volatility is good. You want to get in before the institutional investors, not after they've pumped the market up to high heaven. They're already all over ETFs.