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by mcgoo
2258 days ago
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The leveraged ETFs have a few extra footguns, don't they? Did you see that Direxion suddenly changed the ratios on a bunch of 3x down to 2x on March 31? Scary stuff to me. https://www.marketwatch.com/story/direxion-is-accelerating-t... In 2009 a leveraged ETF trading at $100 ended up paying about $85 as a dividend (I think because it was excess profit by being long vol.) That would be an overnight tax hit if you are in the wrong type of account. I don't recall which one it was, maybe FAZ? |
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