SPY vs UPRO, DIA vs UDOW


I was wondering, if a person is willing to just invest in the index for the long term, and average down even in our current bear market situation. Couldn't they just buy the leveraged version instead for the long term? The losses may be magnified but so would the gains once the index recovers and make new highs 5, 10, 15 years later. Once an investment goal is achieved, they probably shift it into SPY or DIA and live off the dividend with yields of 1.5% and 2% respectively.

Any thoughts on this, fellow investors?


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