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REDDIT

Is SQQQ a good buy right now?

P
Apr 4, 2025 · 12:01

I am just starting to learn the mechanisms of this fund. You can see what it did yesterday and how it's up pre-market today. I know this is not a a long-term investment, but would it be prudent right now to actually sell out of my current Nasdaq position **($30K in Fidelity's FNCTX)**...and buy this fund instead in the short -term?

If you would do this, what would be your timeframe to exit this position?

(P.S. I could buy this with cash - I don't necessarily have to get out of FNCTX).

Thanks.