Doubling One’s Money in 7 1/2 Months With Triple Leveraged ETFs?
Gary Gordon submits:
For many who bucked convention, prognosticators and naysayers, the unrealized profits on a number of triple leveraged ETFs are extraordinary. For example, Direxion Daily Technology Bull 3x (TYH) is up 94% through 7/20/09.
Perhaps the most amazing part is in the way that investors may have achieved the gains; that is, a buy-n-holder of a daily leveraged fund is extremely unlikely to see anywhere near the 2x or 3x promise due to the way that compounding works. (Review "Buy-N-Holders Beware… These Are For Active Traders.")
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