Are the proshares ETF’s (TQQQ, UPRO, UDOW etc.) ok for long term investing? Or are they just for day/swing trading?
They're ok if you are running one of them, but maybe not for investors. https://www.investopedia.com/articl...5/why-leveraged-etfs-are-not-longterm-bet.asp
Their performance isn't a secret so you can simply look at their past performance and decide whether that's something for you. They're definitely doing very well long-term, but drawdowns can be traumatizing, and a bear market could be catastrophic: https://www.google.com/search?q=tqqq
%% Those do terrible with trend changes or in sideways slop chop markets; SPY +QQQ will do better then. BY the way/ 2009 was super trend for QQQ/tqqq. ETFs are not a bet + i dont care how many times the WSJ calls them that. IF any think markets are the same as Las Vegas bets \ try winning by card counting + we'll see the big difference.............. They dont pay much of dividend, so did an exit on TQQQ today. Thanks