Long time readers of mine know that I like to use picture to highlight my point, here's the specific scenario to clearly show the divergence of return if the path of return is followed.
Under the hypothetical scenario, it shows that even if the index return 10%, the 2x Leverage ETF loss 17.5% !
That is why L&I ETF is not meant for long term buy-and-hold strategy. Just remember that.
Cheers and Happy trading!
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