No. of Recommendations: 0
another article (which I also cannot find again) that claimed to show that the 2x the daily performance of S&P500 (SSO etf) was not grossly dangerous to hold long term, despite the warnings.So I just had a brainstorm and did a backtest. Can't use portfoliovisualizer since they kneecapped it.
But:
testfol.io: Portfolio Backtester for ETFs and Asset AllocationSince SSO inception (6/21/2006):
SPY CAGR: 10.43% MaxDD: -55.19%
SSO CAGR: 13.99% MaxDD: -84.67% (!!!!)
Huge drawdown in 2008/2009. Didn't recover until May 2014. Might have been okay with half-decent timing.
