Spxl etf

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rafkg29
Posts: 29
Joined: Tue Oct 09, 2018 1:07 pm

Spxl etf

Post by rafkg29 » Thu Jan 31, 2019 7:44 pm

Is the SPXL etf a good investment? The returns seem quite promising and it’s quite cheap right now. Buy and hold?

Longtermgrowth
Posts: 672
Joined: Thu Nov 26, 2015 1:59 pm

Re: Spxl etf

Post by Longtermgrowth » Thu Jan 31, 2019 7:51 pm

rafkg29 wrote:
Thu Jan 31, 2019 7:44 pm
Is the SPXL etf a good investment? The returns seem quite promising and it’s quite cheap right now. Buy and hold?
Your answer is here: https://www.etf.com/SPXL#overview

"As a levered product, SPXL is not a buy-and-hold ETF"

snailderby
Posts: 691
Joined: Thu Jul 26, 2018 11:30 am

Re: Spxl etf

Post by snailderby » Thu Jan 31, 2019 7:55 pm

The wiki has a section on leveraged ETFs: https://www.bogleheads.org/wiki/Inverse ... raged_ETFs.

And here are two past threads on the same topic:

viewtopic.php?t=235884
viewtopic.php?t=212590

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