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“Even Crack Dealers Wouldn’t Be Ok With This” – 4X ETFs And The Idiot Tax
When it comes to stories about why ETFs are generally dangerous and why these vehicles are a textboo
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Arguably the most surprising news here is that after so long in the ETF bubble, the tickers UP and DOWN were still available.
The other arguments are presumably as applicable to the existing 3x ones as the new 4x ones.
Interestingly, I think, although I’m not a tax lawyer or an idiot, that under Canadian tax law at least, in a self-directed retirement savings account you can only buy “responsible” investments like shares on a stock exchange, not “speculative” investments like futures. So a 4x leveraged ETF would be just dandy.
Yay?
“Arguably the most surprising news here is that after so long in the ETF bubble, the tickers UP and DOWN were still available”…
funny, I thought the same thing
It would be more instructive to show a longer time frame. As far as I know active managers have always been beaten in after-cost returns by passive funds—not just since the advent of QE as you seem to imply.