Greetings,
I want to start regularly buying IRA stock. I'll just follow the market, so S&P 500 sounds good. But I found out I could buy triple leveraged S&P 500.
According to google, since UPRO's (triple leveraged S&P 500) inception in June 2009 it's increased 3,592%. Currently, E/R of .91%.
According to google, since June 2009 SWPPX (Schwab S&P 500 Index Fund) has increased 371%. Currently, E/R of .02%.
Considering that UPRO has increased approximately 10 faster than SWPPX over the last 14 years, it seems to outweigh the approximately 45 times higher E/R that UPRO has over SWPPX.
Let me know what you think, I'm no statistician. Thank you so much for reading!
[link] [comments] https://www.reddit.com/r/stocks/comments/164fqm7/triple_leveraged_sp_500_vs_sp_500_for_ira/
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