Technology Stocks & Market Talk With Don Wolanchuk Message Board

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Strategies & Market Trends : Technology Stocks & Market Talk With Don Wolanchuk

SOXL 38.58

+7.1%

Dec 18 4:00 PM EST

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To: nicewatch who wrote (191576)	7/7/2023 8:32:47 PM
From: Winfastorlose	6 Recommendations Read Replies (2) of 207331

Here is the slant as of today: I just checked the Direxion web page for the fund. direxion.com "These leveraged ETFs seek a return that is 300% or -300% of the return of their benchmark index for a single day. The funds should not be expected to provide three times or negative three times the return of the benchmark’s cumulative return for periods greater than a day."... ..."Leveraged and inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments." Full description HERE also see this: Leveraged and Inverse ETF Education Center

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