u/Besrax

I may need a bit higher returns than 100% stocks provide in the next 20 years in order to achieve my ideal retirement goal. I can't help but think that taking advantage of a major crash and the subsequent recovery is the safest bet. So I came up with this strategy:

1. Wait for the market to crash by 40%;
2. Go 2x leverage by using a leveraged ETF, or alternatively futures;
3. Ride out the recovery;
4. Once the market goes back to the ATH from before the crash, my goal is achieved and I can go back to no leverage for the rest of my life.

Do you think that this kind of strategy is worth a shot, or is it too risky? Is there a safer way to achieve what I want? Thanks!