Help me understand something. I know what leveraged etfs are, basically, and why they are riskier than non leveraged etfs, and that many people use them to speculate. But long term on the S&P500, where a 6-7% annual return is average, wouldn't you want that leverage? UPRO, a 3x version of SPY, has returned 390% over the last 5 years while SPY has returned 92%. What am I missing?
Also, I know we've been in a bull market and that past returns don't guarantee future returns, but are there other reasons to not use leveraged etf of the S&P long term? 30 years for example.
Submitted August 19, 2017 at 08:39AM by BillNye69 http://ift.tt/2uRBnhv
