"YOU CANT DO THAT"

Getting fucked in the ass by hidden fees?

>>1074105
I'll fuck you in the ass

File: 1449553868968.gif (2MB, 186x183px) Image search: [Google]

2MB, 186x183px

>>1074136

>>1074136
Lol. First time I've laughed on /biz/ in a while.

>>1074086
those things can go to zero and close because they're operating on margin

>>1074145
Thanks, I guess that answer was sufficient.
Though in the next bull market after a real crash comes be it one month or 3 years from now, I'll have half a mind to put a portion of my investment money into something like SPXL.

because most likely the leveraged etf has it's own supply/demand ecosystem. (ie: it doesn't actually track tick for tick, and can be seen more as a canary in a coalmine)

>>1074086
because
1. they operate on a goal of 3x their basis fund PER DAY
2. they don't always get exactly 3x(sometimes higher, sometimes lower)
3. when it drops you might get fucked by how much you lose

>>1074161
Yes, make sure you hold it for at least a year for maximum profit!

The law of supply and demand usually follows the NAV of a leveraged ETF. If people don't give a fuck they can agree on SPXL's price to keep rising even though the underlying assets are bleeding money.

>>1074145
yup, market drops by a third and your leverage might well wipe you out

still could be worth a punt after a big crisis

I just bought a lot of uwti to hold for the long run. Im gonna be rich in 6 months time.

>>1074592
>>1074592
If you're planning on holding a 3x leveraged ETF you'd be better off holding SPXS. At least you're betting on the direction the market is going and not hoping oil rebounds soon. Also volatility is your enemy in leveraged ETFs