Interesting reading ....a good comment post on the article
1. The trick with leveraged funds is to invest during periods of true low volatility, i.e., when you expect the market to either consistently go up. Or down, if investing in inverse funds.
2. "Look, the whole point of Wall Street is to have a transfer of wealth from the unsophisticated to the sophisticated." That is extremely un-American and, if true, we might as well turn to communism. Democracy and capitalism has no future in a land of thieves and idiots. Think about that the next time you consider investing on the advice of idiot stock brokers like this author.
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