TVIX is being delisted and frankly, its time to run.
How’s it going everybody this is beat the bush credit swiss is be listing t vix as you guys know i bought a little bit into this anticipating of a huge spike coming ahead so in this video i’m gonna talk about what kind of went through my mind in doing this particular trade and also what i think is gonna happen going forward this video is brought to you by weeble you
Can help out this channel out just by signing up for this account and you can also get two free shares of stock for yourself as long as you start an account and deposit $100 now quite as swiss also announced that they’re gonna delist a whole bunch of other things which i have not invested in they’re gonna delisting and in verse silver gold and natural gas they’re
Also gonna delist inverse vix which is z iv they’re gonna do list 1 x vix which is viii x and they’re gonna do a 2 x vix thing under the list t vix which is the thing that i invested in 410 shares now let me go over exactly what they said that really caught my attention here as part of its a continuing effort to monitor and manage its suite of exchange-traded notes
Credit swiss ag has decided to delist the foregoing et onze with a view to better align is product suite with its broader strategic growth plans so what this really says to me is they’re gonna change their product suite around so that their company the bank is gonna grow more in other words they’re going to want to make more money so probably maybe these things they
See going forward they may not be making all that much money in it because hey if they’re raking in a lot of money with not very much work of course they’re gonna keep that around right who’s gonna kill off their golden goose there’s something really strange going on with this particular timing of delisting all these things especially right when i buy into right
When i think there’s an opportunity to make a lot of money and some people have made some money already if you look at what this tv ix is right at the beginning of the year it was only 50 dollars now it’s always hovering around $130 so the question is do they make bunny if it just keeps on going up are they still kind of diluting it out because over the long-term
Of this tv ix it definitely goes down lower and lower with any publicly traded company they are in it to make money so this was my initial thought right when i saw the eps i was like wow they’re getting rid of gold and silver the leveraged stuff and also the tv exxon i’m like oh my gosh they think the economy is gonna crash or something but then when i look further
Into it they’re actually delisting long and inverse in other words the ep ends that goes both ways so in light of this it’s not so clear to me anymore what is clear is that they’re probably not making enough money from this or that they feel like there’s too much risk going forward now i want to say when i used to short stocks when i was this crazy younger beat the
Bush where i had an e trade account and then sometimes i would monitor certain stocks and sometimes when you read the news you are very very certain that it’s gonna plummet or something right so then you’re like hey how can i short this stock so then you go to the brokerage account and then you try the short the stock yourself and then the brokerage tells you not
Sorry we don’t have any more of these you know these stocks for you to borrow in order for you to short it anymore so this is not the first time i got burned this way so i am not surprised at all whenever there is easy money or like almost very certain type of money then the banks like they just say no you can’t have it because they’re gonna lose money on this trade
The banks is not gonna make it very easy for you to earn money off of them the banks are in business to make money off of you you are not making money off of them for the most part at least and here’s a rub they’ve been in business for a really long time because they’re so good at making money off of you so these opportunities when they just kind of stamp them
Out yeah okay whatever right there are other vix related etn etfs or whatever that you can invest into just because they’re not offering this anymore you can indeed go to other companies and bioethics i personally have not and after this video maybe tomorrow or something i might just put same roughly small amount in and then have it ride it out for maybe another
Month or so but my initial survey of all these other options is that they’re not as highly leveraged you can see that maybe it’s only one x leverage so then when there is a spike it might only go up 50% this particular tvi x actually went up like three x during the march timeframe so that’s why i wanted to put a very small amount in have it highly leveraged and
Possibly make a lot of money on now when i read this article it was actually after some of you subscribers wrote in the comments saying hey there delisting this actually that was the first time i heard of it when i read the comment is like oh really okay let me look it up myself and then since that first comment there were other comments that said the same thing i
Think there were like 3 of them and i would say this is like a really really good early warning system thank you all of you subscribers who actually you know kind of nudge me in that way so then i look into the article and at first i was thinking about it i’m like okay they’re gonna do list it they’re gonna give it some time it says over here the particular nasdaq e
Tn t vix they’re not going to issue anymore starting july 3rd so this is a pretty short time frame my thought process here is that if they’re not going to issue anymore stocks it means that a lot of people or institutions they’re not going to buy into this stock because they know oh yeah you know this particular ticker symbol is kind of ending its life so you know
Why don’t we just switch over to something else so they’re going to try to exit these positions and because of this it’s not that volatility is actually going down it’s because people want to sell out of this t v ix thing so when i finally thought that this is gonna happen i’m like okay whatever i’m just gonna sell it right away so the delisting news did come out on
The 22nd so i sold it on the same day before the closing and when they announced it it did drop a tiny bit but not a lot but by now it’s dropped a lot reviewing over what i exactly did over here i bought t vix 10 shares only okay i’m not crazy here i don’t gamble my life away on may 26 2024 $138 and 95 cents for a total of 1,300 dollars or so i sold on the 22nd
On tuesday same day they announced this news because i find it material that going forward there’s gonna be huge downward pressure on it and i feel like it’s just gonna keep on trickling down and down until the july 3rd because everyone’s just kind of running for the hills here and they want to exit before everyone else exits i sold it for $147 and 94 cents the
Total is fourteen hundred and eighty dollars i had a profit of eighty nine dollars and 87 cents not not that much right it’s just kind of like a smidgen six and a half percent gain over here but you guys will realize that when i bought into it it spiked up a lot after i bought into it it peaked on june 11th for a 37% gain so i could have sold it on that day for a
Lot more game so six times as much as 90 so that’s like five hundred forty dollars gained or so instead of $90 but i’m okay with this because a gain is a game and you should try to develop this sense that if you ever make any money right if you make ten dollars it’s probably better than zero dollars anyway after i exited this position i decided to buy some gold gld
This is an asset this is not real physical gold so you can just kind of trade it very liquidly in your brokerage account oh by the way i have to mention that you know this is just what i do i cannot recommend for you to do this yourself or anything whenever i talk about this stuff people like to copy what i do and people tell me oh i bought two you tvx oh i made
Money and stuff but i’m like oh i don’t want to hear any of that right because this is just what i do i’m not a financial advisor i can not tell you what you do anyway i bought gold mainly because of this news that they’re going to cut off this gold etn thing because i feel like hey banks if they think this gold epen thing is not going to make them any money that
Maybe they’re gonna lose money on it then why shouldn’t i buy some into it and i think this is a pretty good reason because this is sort like a bearish thing to do right if i’m sold out of all the socks if i buy tea vix this is a barest position and buying gold is also a bearish position because you know when the stocks goes down people tend to you know they pour
It somewhere they might be pouring it into gold in the future so i put a significant amount into gold so far i bought gold at 165 dollars and 0.175 on the same day on june 22nd now it’s up about 1% this small volatility for gold 1% is actually a lot if volatility goes up a lot and the stock market goes plummet or something you know gold might do even better than
This current position i’ve looked at it since like 154 dollars or so but i didn’t buy into it and yet it rose up a little bit and yet i still bought into it i bought gold much more heavily than i bought into tea vix because i see gold as much safer although it’s ramped up a lot it might come down but i think that this is my own personal opinion and my own personal
Position thinking that gold would go up because our monetary supply has been diluted greatly just look at over here the federal reserve they were at 16 trillion dollars because of all these monetary policies and government spending or whatever now it’s a 18 trillion dollars two trillion dollars so this is about a 12% increase in the monetary supply and if it
Were immediately felt with everybody right then everything would roughly get about 12% more expensive and when you look at food okay i want to just go over a little bit of the food stuff that i bought it definitely feel like things has gone up about 12% my favorite triangle cake dollar 75 for like a few years and then all of a sudden now it’s two dollars so 14%
Increase roughly about the same amount as the monetary supply increase beef if you try to buy beef it’s gone up roughly 50% because i could buy like this round roasting for like 399 a pound now the cheapest i can ever see b4 is around $6 so this is a 50% increase and i buy groceries i definitely feel the pain because it is a little bit more expensive the thing
I can blame it on it’s this virus thing it’s also the monetary supply increasing creeping up on everybody making inflation go up just a short plug you guys might be wondering where the heck am i getting groceries i’ve been buying from this place called farmstead and they deliver all throughout the bay area and they give priority to people at risk this is a good
Thing i don’t actually mind waiting so i can just wait a little bit longer that’s okay but they have this deal $15 off your first order you get a free it’s in a glass bottle of organic milk that’s your first order and the second order you get $25 off so this is actually a really really good deal from me ordering it i ordered like two or three times already and i
Notice mostly their vegetable prices or reasonable sometimes they’re even a little cheaper than my or a local grocery store so if you guys are interested you can check out my referral link down in the video description below thanks for watching everybody don’t forget to give me a like comment down below let me know if you are selling a lot eve x because if you’re
Not i think i think this is a really good time to sell if i sell it now i probably would have made a loss already so it was like a really quick thinking thing and i feel like the news actually takes time for people to digest even though this news article comes out maybe they’re at work or something they read it they’re like oh i’m too busy a lot of people are too
Busy every single day working and they can’t do any kind of trade and and maybe after work they read it the next day they go and sell their tv ix so this is why i’m in the position of acting quick because during the day i am not actually working i’m not actually making these videos when the stock market is live i’m actually looking at the stock market i’m reading
Your comments and sometimes you know they’re related to the stock market and i go and research whatever that means to be researched so thanks for watching don’t forget to give me a like comment down below let me know if you sold out on it and push that subscribe button and ring that bell icon thanks for watching
Transcribed from video
TVIX Delisted by Credit Suisse By BeatTheBush
