[bt3]

SPXL also has an expense ratio over 1%, which will eat away at earnings unless in the best of bull rushes (now).

[tfehring]

The expense ratios of leveraged ETFs are nothing compared to the volatility drag. There are far cheaper and more effective ways than leveraged ETFs for buy-and-hold investors to obtain leverage, notably LEAPs and index futures. (Disclaimer: Not investing advice, do your own research, etc.)

[chriak8292]

Leveraged EFTs outperform VTI/VOO (in terms of total return) over 30-40 year investment horizons. Period.

Now, the risk (potential one-year downside) is not for everyone.

[throwaway98797]

A little bit of leverage as others have commented is fine.

The problem happens if there’s 51% drop in 2x levered fund.

There’s a reason the fund the article’s OP is in started in 2008 and not 40 years ago.