Add some fuel to your Mag7 Trade with $FNGU

The podcast discusses the strong performance of Big Tech stocks, including the Magnificent 7, since the start of 2023, recommending the use of leveraged ETFs like $FNGU to capitalize on the trend. It suggests that leveraging ETFs can amplify gains but also requires careful risk management and monitoring of key moving averages.

Big Tech Performance

• 00:00:24 Big Tech stocks, also known as the Magnificent 7 or Fang stocks, have been strong market leaders since early 2023, delivering significant outperformance during the market rally. The speaker highlights the triple Q's (QQQ) performance as an example of a broad index fund tracking this trend, though it underperforms more specific stock picking or leveraged ETFs.

Leveraged ETFs for Big Tech

• 00:02:03 The speaker recommends considering $FNGU, a leveraged ETF that provides 3x leverage to a basket of Big Tech leaders, as a way to participate in the trend. While leveraged ETFs can amplify gains, it is emphasized that they require careful size management and risk monitoring, including defining a stop-loss around the 480 level. He advocates for buying a basket of these tech stocks rather than individual ones to maximize portfolio returns.