↗ https://reddit.com/r/investing/comments/1ines4y/spxl_whats_the_catch_direxion_daily_sp500_bull_3x/
I was messing around with Reddit AI asking about the lowest cost index funds and somehow Direxion Daily S&P500 Bull 3X shares (SPXL) made the list with a 0.91% expense ratio.
I got curious and saw that it has returned 4000%+ since 2008.
As we all know (i hope) we gotta buy and hold through the ups and downs and if you choose this you made an absolute killing.
I haven’t heard much about this ever but what is the catch? Would it be a viable strategy to add this?