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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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