If he wasn't the white guy why would he be in here <:teehee:381917632359563264>

@ophiuchus is that actually a good idea?

@Jacob a lot of people do it because most of the time VIX slowly declines, and then once in a while it jumps up quickly and their accounts blow up

Although the "normal" people who do it usually short VXX or buy UVXY (an inverse ETF)

You know...VIX backward is 14

What's VIX

Volatility index

I think

@fgtveassassin VIX is "Volatility Index", it's a number based the cost of leverage in certain leveraged stock instruments

when stocks start to move around a lot at once, they're said to be "volatile" so that index goes up

That's too big brained for me right now

I was thinking vapor rubs.

Yeah for people who don't like thinking about investing it's enough to put all your money in a broad based market index fund and never think about it for a long time. That's a common suggestion from guys like Warren Buffet anyway

I don't follow that advice, for better or worse

I remember I bought VIX when I was 18 and dumb because I KNEW the stock market was about to crash

Owning a VIX ETF is a good hedge since it’s got like an -0.8 correlation with SPY

Notice I said hedge

This is for diminishing risk, if the market is doing well, as it has been, it’s going to lose money

Expect it in the long haul to lose money

Is there a way I can find top secret information on when the Jews are going to crash the market?

Yeah if you want to "hedge" spy isn't it usually just better to hold less of it? for normal retail investors?

Yeah the fed open market committee meets pretty regularly

IE should all buy vix and find a way to crash the market

@ThisIsChris for sure. I’m an alternatives analyst at my school’s investment fund, so a lot of what I do is mitigating risk and hedging

@ophiuchus that's really cool

IE should have its own value investment fund

surely 800 of us can do it?

IE having the ability to crash the market... oy vey

There's a MAGA ETF

@ophiuchus do you know about weather derivatives? I was looking into it for a long time but I don't think retail people can trade them

I know what they are but I have very little (none) experience with them

As part of our IPS, we’re only allowed to long things as well. Which is frustrating.

https://finance.yahoo.com/quote/GOP/

What's an IPS?

Investor policy statement

@Jacob Yeah I made money off it!

@ophiuchus can you long inverse ETFs?

https://finance.yahoo.com/quote/dems?ltr=1

Yes

It was nice for awhile

And do