tbt is a terrible investment (long-term) as is any double or triple leveraged instrument.
the math almost assures that these things trend to zero.
just check the chart of fas and faz from jan 1, 2009 to today if you don't believe me. you could be triple long AND triple short the same index and lose 60% on EACH SIDE!
that's because quite simply put every time you lose 20% you need to gain 25% to make it up and these things are recalculated daily.
just a huge scam. Jun 05 09:32 AM