"ProShares UltraPro QQQ ( NASDAQ:TQQQ) is proof positive that you don't need sophisticated trading know-how to get leverage in the financial markets. Instead of delving into NASDAQ 100 futures contracts or individual stock picking, you can simply use ProShares UltraPro QQQ to get magnified exposure to the biggest names in American technology. While there are other triple-leveraged funds available on the market today, ProShares claims that its ProShares UltraPro QQQ is the "only ETF that targets 3x the daily returns of the Nasdaq-100 Index.""
"In addition to efficiency, the ProShares UltraPro QQQ ETF offers convenience when compared to individual stock picking and futures-contract trading. With the TQQQ ETF, you can "[b]uy and sell leveraged exposure via a single ticker in a brokerage account." Be aware, however, that you'll indirectly end up paying a price for the efficiency and convenience of the ProShares UltraPro QQQ. As it turns out, the TQQQ ETF imposes an expense ratio (i.e., an annual operating-expenses fee) of 0.82% of the share price."
ProShares UltraPro QQQ (TQQQ) targets three times the daily return of the Nasdaq-100, providing magnified exposure to large-cap U.S. technology stocks with a single ETF ticker. The fund enables leveraged results with less cash and convenience versus futures or individual stock trading, making it accessible for small accounts. Leverage amplifies losses as well as gains, so the ETF can lose value rapidly or underperform the underlying index over time. The ETF charges an expense ratio of 0.82%, and investors should understand daily reset mechanics, volatility decay, and prepare for unexpected outcomes before using TQQQ.
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