- Official Post
Welcome to the family where a Bull wrestles a Tiger on the daily.
Local Overview
The 2008 Financial Crisis still lives in the mind of every millennial that lived through it. A bit complex at the time for a high school-er to understand, these complex financial instruments collapsed the housing markets. The Big Short is one of the best movies to watch to really understand the complexity of it. Imagine you wanted to gain 3x the typical return of the S&P500 and you let an ETF do the risky business for you...
Financials
Enter SPXL, according to Yahoo...
The fund, under normal circumstances, invests at least 80% of its net assets (plus borrowing for investment purposes) in financial instruments, such as swap agreements, securities of the index, and exchange-traded funds ("ETFs") that track the index, that, in combination, provide 3X daily leveraged exposure to the index, consistent with the fund's investment objective. The index is designed to be comprised of stocks that are the 500 leading, large-cap U.S.-listed issuers. The fund is non-diversified.
NAV is 214.85 @TOP and the fund has grown 26.33% YTD. However, the Annual total return for SPXL over the last 12 months is 18.98%.
| Year | Historical Return |
| 2024 | 67.01% |
| 2023 | 69.5% |
| 2022 | -59.19% |
| 2021 | 85.68% |
Conclusion
There can be a lot of aggressive investing happening here but I'm not too sure about losing it all one year and gaining it back another. I'm not here to really fund anything. I'm here for the stock market.