Why don’t people suggest leveraged ETFs for long term growth?


People all over Reddit suggest VOO to track the market for long term gains, but if they’re so convinced in the long term growth of the market, why don’t they suggest something like SPXL for 3x the growth? I know one reason is because of the higher expense ratio, but I figure the 3x will make up for that. Is it just because it takes more stomach to hold when the market is down?


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