if you have no equity buffer and max out margin, you would have been wiped out multiple times in 08-09.
leveraged ETF has lower return-risk tradeoff:
1. mean is NOT 3x; it is lower due to higher fees and higher replication costs;
2. risk is 3X.
leveraged ETF has lower return-risk tradeoff:
1. mean is NOT 3x; it is lower due to higher fees and higher replication costs;
2. risk is 3X.