disaster2008

Why Everything You've Heard About Leveraged ETFs Is Wrong

nice article -

but are the bar graphs under #2 (Leveraged ETFs can only be understood by sophisticated investors) showing ETF assets/ total exposure correct? Seems like the first (starting point) should be 100 million assets/300 million exposure, the second 97 million assets/291 million exposure, and the third ~94.1 million/282.3 million given the 1% x 3 loss each day?(100 million > 97 million > 94.1 million)?

may be I am one of those idiots that shouldn't be investing in these?