Being able to pick three SPACs that rose 70-200% in 2 months is still some evidence that you’re good enough at picking them to have an edge. But they’re not risk-free assets. The risk is that they tie up your money for a long time, only to underperform index funds.
I kept a ~100% exposure to the overall market, and the SPAC purchases were on top of that (i.e., leveraged), financed with SPX box spreads.
I kept a ~100% exposure to the overall market, and the SPAC purchases were on top of that (i.e., leveraged), financed with SPX box spreads.