3X leveraged Nasdaq ETF update.
In almost 3 years, I’m up 252.26%. I started with $940.91, which has grown to $3,314.43. I held through the COVID-19 crash, and a period of sideways trading prior to that. Though there’s some decay, overall it’s worth holding for several years, if not longer. It easily outperforms most other assets.
Though one may perform better with picking specific stocks, as there is no reliable way to know in advance which stocks will be winners and which one’s will be duds, with this 3X leveraged ETF of a major index, taking risks unique to leveraged assets into account, with this method, one may be able to better produce reliable results.