I agree with the impulse to split stocks/bonds about equally: http://blog.ometer.com/2010/11/10/take-risks-in-life-for-savings-choose-a-balanced-fund/ http://bl

I agree with the impulse to split stocks/bonds about equally: http://blog.ometer.com/2010/11/10/take-risks-in-life-for-savings-choose-a-balanced-fund/ http://blog.ometer.com/2010/11/10/take-risks-in-life-for-sav... But, the 2x leveraged fund is a Bad Idea. These just don't make sense or do what you think beyond the 1-day horizon. If you want a long-term leveraged bet on oil, one better way is to buy a long-term call option ("LEAP") on an ETF. That will work a lot better than the 2x fund. Not saying you really want a long-term levered bet on oil, but if you did, the option is a better approach.