What are the downsides of holding long term 2x or 3x SPY/QQQ’s?


I’m talking long term and even having this in your IRA/Roth, replacing your typical SPY and QQQ. Not day trading or swing trading. Typically, the market goes up, so this would be on your side, plus the longer-term time horizon. Obviously, there is the risk of market crashes like COVID, Financial crisis and 2022 etc. I know its more expensive to hold as well, but that would hopefully offset if you’re in the green.

 

I’m contemplating swapping out my QQQ/SPY holdings for the leveraged, but wanted to get some feedback on people’s thoughts.


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