The most common advice I see in this sub reddit is:
Dump your money into VOO and then years down the line you’ll be a millionaire. That makes sense and I understand that overtime your investment will grow despite momentary dips in the market. if that’s the case why isn’t a leveraged ETF like SPXL not an even better option? unless i’m missing something wouldn’t you be 3 times richer at the end if you put all your money into SPXL instead of VOO?