Melvin Law Comment On Regulatory Notice 22-08
I have invested in leveraged funds for over 20 years. Although they have risk, I am retired and would like to preserve wealth. I do this through leveraged funds. By investing 50% of my invested cash in a 2x leveraged fund, I get a return that is less than 2X in a given year but over a long period of time, I am likely to get more than 2X due to compounding. I understand these instruments are recommended for short term holding because of volatility decay. Over the last ten year period, the SPY ETF has had a 13.56% return while SSO 2X leveraged ETF has returned 22.97%.