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S&P 500
5,487.03
(
0.25%
)
US TECH 100
19,523.20
(
0.59%
)
Dow Jones
38,834.86
(
0.15%
)
Brent Oil
84.74
(
0.05%
)
Bitcoin
66,394.62
(
2.20%
)
Post# of 41155
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Ryantacular

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Ryantacular

Re: value1008 post# 7583

Wednesday, 04/15/2015 12:12:30 PM

Wednesday, April 15, 2015 12:12:30 PM

Post# of 41155
"Like many levered funds, it delivers 3x exposure only for 1 day. Over longer periods, returns can vary significantly from 3x exposure to its underlying index."

Like what happened to DWTI, if this rises fast enough, which it will, it will hit 8 come September. As the gains will be compounded and not simply 3X. So WTI could go up 34 % essentially, to see this hit $8. (144% higher)
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