+ Watch SPXL
on My Watchlist
Leveraged ETFs are typically terrible, the carrying costs are about 7% a year, but I believe in the market long term. This allows me to compound the returns. Entry point is really important and we have had a large run up, but I believe the innovation in the US will bring us great winners. Even now I am willing to to bet on the future of the US market.
Got a long time frame, like 20+ years? Lever-up and close your eyes!
ETF = Expect To Fail
If we are truly in a confirmed bull market SPXL will reward you 3x the return of the S&P. I am living testament that holding leveraged etf's for extended periods of time can be very rewarding.
The S&P is bumping up against 5-yr highs with the economy still in the dumps and 7.9% unemployment (not counting underemployment and falling labor force participation). Sounds unsustainable if you ask me.
At 3x the S&P, this will outperform the index on the upside, but underperform in a down market.
Leveraged ETFs will lose money due to extreme commissions (from trading illiquid derivatives daily) and constantly buying high and selling low.
Get out of everything, the next 2008 is coming.
do right and kill everything!
This kind of triple ETF will always underperform over the long run due to the way it is constructed. Note: I am not saying you cannot make any money holding this ETF, just that over a prolonged time it will lose money. I have now harvested positive scores on a 3x ETF and its inverse 28 times, yielding 490 points and 50 for 50 on my accuracy (6 times my harvested score was positive, but dropped below the magic +5 number).
greek debt, leverage, unemployment-- i think things are going to get worse before they get better
Buying on this being greatly oversold.
This might not be the best day to be bearish on a long ETF. But I think the volatility will eat into the gains over a few months, and a start limit of 76 might ultimately give me some CAPS points for an underperform pick.
Stock market is going up, this stock will go up 3 times it!
The game is about up. Time to short.
When you look at the internal costs and statistics of these leveraged instruments, they must all underperform the market over time. If I could, I would short them in real life.
I believe the markets will be flat to lower over the next few months. Lots of volatility. The contango will be killer on this Daily 3X.
Pretty much the same reason as the other 3x. Weak global economy and it's 3x.
-1 Jul 10 53 call-1 Jul 10 65 call
the run is over for now
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