Everything I've read says it's generally not good to hold leveraged ETF's for the long term due to rebalancing and slippage, which makes enough sense to me, but $SPXL is up ~439% over the past 5 years whereas $SPY is only up ~98%.
What am I missing here? Why would I not long $SPXL if I expect the market to continue to rise? I know there's something glaringly obvious that I'm overlooking.
Submitted February 15, 2018 at 04:14PM by issamememyguy http://ift.tt/2suR39v
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