Oh the virtue of leveraged ETF during a bull market!!
Nasdaq100 (NDX) Vs ROM (Double leveraged US tech ETF) Vs TQQQ (Triple Leveraged US Tech ETF).
To all the naysayers.. that leveraged ETFs don't track their underlying index by the amount they're leveraged to. Look at the following long term chart. In a bull market, they more than adequately do!!
NDX- x3 return since march 2010
ROM- x8 returns since march 2010
TQQQ- x33 returns since march 2010
To all the naysayers.. that leveraged ETFs don't track their underlying index by the amount they're leveraged to. Look at the following long term chart. In a bull market, they more than adequately do!!
NDX- x3 return since march 2010
ROM- x8 returns since march 2010
TQQQ- x33 returns since march 2010