u/LegendKiller911

5% in SOXL left to keep my Ego in check.

Let's see if this is a real dip in qqq. Soxl and koru had a good dip today.

I held a few stocks and LETFs like soxl, koru, tqqq, tecl and qld.

Last few weeks i de-risked and held at least 70% cash and 30% in tecl, soxl and koru and recently just 10-15% in soxl and koru.

Can't complain much. But in a good run it's hard to beat tqqq but i have a better downside protection in case it goes south. My drawdown was worse overall because of the stocks i held.

Which made me realize why should i bother picking stocks over LETFs.

I was digging and trying to find specific ucits etfs that i like to hold long term.

I mean I'm 32 but i drink a red bull or 2 regularly so who knows.

But i found out that if you drop dead and they want to sell the etfs to withdraw the money. It's gonna be taxed too since the cash on IBKR US is considered a US asset and subject to estate taxes above 60k.

Thoughts? Is this confirmed and known? Idk if i can change my IBKR broker to non US.

Idk if i should just not bother and hopefully i dont drop dead before 60 and by then i just buy some gold or whatever.