Readit News logoReadit News

Dead Comment

chriak8292 commented on Lessons Learned from Two Years as a Data Scientist   dawndrain.github.io/brain... · Posted by u/jessedrain
bt3 · 5 years ago
SPXL also has an expense ratio over 1%, which will eat away at earnings unless in the best of bull rushes (now).
chriak8292 · 5 years ago
Leveraged EFTs outperform VTI/VOO (in terms of total return) over 30-40 year investment horizons. Period.

Now, the risk (potential one-year downside) is not for everyone.

chriak8292 commented on Lessons Learned from Two Years as a Data Scientist   dawndrain.github.io/brain... · Posted by u/jessedrain
cobertos · 5 years ago
I really liked this post. Tons of small tidbits I feel I'd only get from working in the teams they worked on. Some things I noted:

* Check out `ray` as an alternative to `multiprocessing`

* Check out `tqdm`

* Use `pdb` more

* See if fast.ai or https://jalammar.github.io/illustrated-transformer/ are worthwhile

* Prioritize the papers I read better

* _Leveraged_ index funds?

chriak8292 · 5 years ago
Risk-adjusted return (Sharpe)

- VTI/VOO: 0.6 to 0.8

- Leveraged S&P500 ETFs: 0.5 to 0.9

- Savings account: positive infinity

- Treasury bonds: 1.0 to 1.2

Leveraged index funds give approximately the same risk-adjusted return as passive index funds but with 2-2.5x the absolute return (eg, UPRO).

However, if you have a weak stomach (you don’t like seeing your balance drop), then leveraged ETFs are not for you.

Dead Comment

u/chriak8292

KarmaCake day-4September 4, 2021View Original