So what does /biz/ think of leveraged index funds. I think the market is going to crash in December but until then I'm thinking of getting a 3x leveraged s and p 500.
They look like they print money
>>1508946
Leveraged ETFs are for daytrading.
If you hold them for months you will get cucked.
>>1508964
They have non day ones. This seems like a good plan. That's a 6 year chart.
>>1508983
>This Ultra ProShares ETF seeks a return that is 3x the return of an index or other benchmark (target) for a single day, as measured from one NAV calculation to the next. Due to the compounding of daily returns, ProShares' returns over periods other than one day will likely differ in amount and possibly direction from the target return for the same period. These effects may be more pronounced in funds with larger or inverse multiples and in funds with volatile benchmarks. Investors should monitor their holdings consistent with their strategies, as frequently as daily. For more on correlation, leverage and other risks, please read the prospectus.
>>1508983
Charts don't show time decay and expense ratios, Can't you retards just read 1 Investopedia article before shitposting?
>>1508992
I read a bunch and they all say ugabooga buy my managed mutual fund. That chart I posted is at odds with what I'm reading.