But yes, leveraged ETFs should NOT be even considered for everyday investors who have a buy-hold strategy because of their rough ups and downs.

My apologies for omitting a description on ETFs.

In a nut shell, they are funds that are composed of stocks, commodities, or whatever, that track a specific index. For example, there is an ETF (QQQQ) that tracks the Nasdaq, which means that you can pretty much gain exposure to all the Nasdaq stocks simply by buying that one ETF.

They are similar to mutual funds, but they trade like a regular stock and have more transparency and better tax advantages than traditional mutual funds.

ETFs are a great way to gain exposure to multiple asset classes as they are very accessible to individual investors.

Let me know if I can clarify anything further.

Thanks for your comment!

Also, I think some of the leveraged ETFs will be under scrutiny especially if we have another leg down in the markets.

Thanks!

We linked to this quick description of ETFs towards the top of this post I but see now we could have done a better job pointing that out or defining them in the article.