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I guess this is tautologically correct, but if you did a 2x levered punt on SPX in 2007, you'd have gone broke.
by scottlocklin 11y ago
I guess this is tautologically correct, but if you did a 2x levered punt on SPX in 2007, you'd have gone broke.
- xyzzy4 11y agoThat's not true if you sell stock to maintain a certain equity to debt ratio. If you use leverage in the S&P 500 then you have much a faster growth rate, so in the long term it's still better.