If you watch Jim Krammer from Mad Money, and it is a good thing to watch, one of the sayings he offers is buy and hold is a good thing to do, but you need to be in the right stocks to make the greatest impact on your assets under administration. Most of the time, stocks go sideways, but there are some weeks where the market goes up and you will make most of your money in those weeks. This is why it is best to be in the market rather than being on the sidelines and watching for the right moment. If you are watching for the right moment, the only perfect information of the markets is past history and markets typically give off conflicting information, so you will likely miss most of the rallies. If you are in the markets, you need to be in the right stocks.

In an article from Reuters, an ETF or exchange traded fund tied to Nvidia is the top performing ETF so far this year. The GraniteShares 1.5X Long NVDA Daily ETF that tracks 1.5 times the daily percentage change of Nvidia has gained 328.5% this year, while the stock is up 190%.

This particular ETF uses leverage to amplify the returns of the underlying index or stock.

Will Rhind, the CEO of GraniteShares says the reason why NVLD is the up is because of the astonishing performance of the underlying company. Nvidia has become the number one stock to own in AI.

Single stock ETFs that allow for increased exposure to shares have garnered a lot of interest this year, particularly among investors interested in the Magnificent 7 – Nvidia, Meta, Alphabet, Microsoft, Amazon, Tesla and Apple.

Linking to dividend paying stocks, this year owning big tech stocks you would made money while if you own other sectors the returns would be much lower. In the Wall Street, there are always new products for example the single stock ETF with leverage. The issue is always what are your expectations of the return, leverage works on the way up as well as on the way down, so be careful. If you pick the correct stock or the correct sector, you will do well, if not you may lose money. In the case of dividend stocks, you can always buy for the dividend first, for example Microsoft is the largest payer of dividends in the index. It also happens to be doing very well for growth and use of AI. When you receive a double reason for owning, it makes the decision much easier to own and you have protection when the price falls, remember stocks go up and down. When the stocks go down, the ETF provider makes new ones and collapses old ETFs for you to buy the newer version. A few years ago bought an ETF of biotech stocks, they are not hot and the ETF provider collapsed the ETF, this will be normal practice.

There are more questions than answers, till the next time – to raising questions.