Is there something I'm missing? Leverage ETFs seem great.

So I've been super hyped about leveraged ETFs for the past few months. I've backtested many types of LETF portfolios and found one I think offers some somewhat low risk but great returns. A portfolio with 20% TQQQ/UPRO/UDOW/UGL/TMF rebalanced quarterly has had a staggering ~28% return over the past 37 years. Leveraged ETFs have only been around for the past decade so I used Portfolio Visualizer to backtest. If the returns are so good, why don't more people use them? Personally, I'm probably going to start contributing a lot more into these. What do you guys think about this?

Backtest link: (https://www.portfoliovisualizer.com/backtest-portfolio?s=y&timePeriod=4&startYear=1985&firstMonth=1&endYear=2022&lastMonth=12&calendarAligned=true&includeYTD=true&initialAmount=10000&annualOperation=0&annualAdjustment=0&inflationAdjusted=true&annualPercentage=0.0&frequency=4&rebalanceType=3&absoluteDeviation=5.0&relativeDeviation=25.0&leverageType=1&leverageRatio=200.0&debtAmount=0&debtInterest=3.0&maintenanceMargin=25.0&leveragedBenchmark=false&reinvestDividends=true&showYield=false&showFactors=false&factorModel=3&portfolioNames=false&portfolioName1=Portfolio+1&portfolioName2=Portfolio+2&portfolioName3=Portfolio+3&symbol1=VFINX&allocation1_1=20&symbol2=FSCSX&allocation2_1=20&symbol3=BRK.A&allocation3_1=20&symbol4=%5EGOLD&allocation4_1=20&symbol5=VUSTX&allocation5_1=20)

Submitted May 30, 2022 at 08:13PM by Curtisg899 https://ift.tt/MLeUcG9