YITBOSGP

Leveraged ETF Ban Spreading Like the Flu

I agree with BPYHO, I don't want some Politician or Beaurocrat who's never seen the outside of a government building restricting my access to these. I've been using leveraged securities for years (first through Profunds Mutual Funds, and more recently 3 X Direxion's leveraged ETF's) with varying amounts of success.

Triple Leverage ETFs Should Be Reserved for the Strongest Conviction

BGU could be useful if you find Jason's double the DOW (DtD) strategy too boring for you. I would try Jason's DtD if you haven't already before diving into BGU, to get a feel for the valuation swings of 2x. If you do decide the DtD isn't enough action for you either:

use a portion you would have used for the Double the Dow Strategy to buying BGU
or
Sell a portion of your DtD holding and buy BGU

(I would recommend the former over the latter).

It might also be worth noting that the DtD uses a mutual fund as opposed BGU which is an ETF. A major difference being you can buy/sell into and out of an ETF intraday, whereas the Mutual fund you have to wait until the end of the day for your trade to finalize.