Devil is in the details, which are most likely missing from this post. I could see myself writing a similar blog post 2 years ago, omitting the fact that 60& o

Devil is in the details, which are most likely missing from this post. I could see myself writing a similar blog post 2 years ago, omitting the fact that 60& of my net worth was invested in 3x leveraged ETFs. No matter how many articles I read about leveraged ETF decay, I couldn't bring myself to believe it until I actually experienced it. "Why tbe hell would I buy SPY when I can buy SPXL and UPRO?????" Luckily, I was never really borrowing or investing (gambling) more than I could afford to lose. And luckily I HODL'd long enough to regain (nearly) the original investment. I'm supportive of people who want take these kinds of risks (they can pay off), as long as they take these risks with a solid understanding of what will happen if shit suddenly hits the fan without notice. I have a very high risk tolerance. Sounds like the author does, too. High risk tolerances are fine as long as you're comfortable with the worst case scenario and not convincing yourself that the worst case will never happen. It eventually will, in time.