REDDIT
Getting back to break even on AGQ after 15 years. Long term hold of a leveraged ETF.
I bought AGQ 15 years ago during the last run up. A few months later it was 3x what I bought it at and I was flying high. Only to have it crash hard. I've held it all this time. Frankly, I kept it on standby in case I ever needed an emergency loss to stay within a tax bracket. But now, it's getting back to break even. So much for not holding onto leverage ETFs long term do to degradation. I might even be able to make a little money on it.