Investing in low-cost S&P 500 ETFs or mutual funds provides an average annual return of 10%. Active mutual funds struggle to outperform the S&P 500, with only 10.5% beating returns over the last decade. The Direxion Daily S&P 500 Bull 3X Shares ETF targets 3x daily returns, outperforming the index since 2008 due to favorable market conditions, yet it introduces significant volatility. For consistent long-term growth, plain vanilla index investing is recommended, as it avoids the pitfalls of high fees and poor active management performance.
Low-cost S&P 500 ETFs and mutual funds average 10% annual returns, but only 10.5% of active funds beat the S&P 500 over the last decade.
SPXL targets 3x daily S&P 500 returns and has outperformed the index since its inception in 2008, benefiting from long bull markets.
SPXL's 3x leverage amplifies gains, but also market losses, leading to extreme volatility for investors holding the ETF.
The simplest and most effective way to build long-term wealth is by investing in the S&P 500 through low-cost ETFs or mutual funds.
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