+ Watch TQQQ
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This one is tricky. It will almost inevitably out preform the NASDAQ since it is made up of this index plus leverage. However if the market goes down or sideways it most likely will under preform just as dramatically. This ETF not only does leveraged trades, but also compounds the gains. If you believe the markets appreciate over time then this might be a good one to beat the market. Just be warned that market timing is critical with this leveraged ETF. Buy on the upside of a large dip. If you buy at the peak of the market, then it declines, you will get burned. The profit potential is very high if played right.
I'm going to watch this closely, and try to sell out before the next crash.
Any reason why more people aren't talk about this thing? It has been crushing it for the past 5 straight years!
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. Just to prove, I closed 5 of them today, together with their 5 inverses, all at a positive score!Update: make that 6, instead of 5...
i wonder what the debt crisis will finally do once america defaults.
It's going to rebound as soon as Bernanke learns to keep his mouth shut and Obama gets his hands off the helm.
Oops. I missed on my timing here.
This is basically like being able to put three times the money you have in a stock without having to pay interest on the money you are borrowing. Also, it is diversified against firm-specific risk and the underlying security is tracking the best sector out there, not just now but long term. A sector so strong that leverage will not be able to make a significant dent in the ETFs performance. Time to BUY, or be left behind.
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