The SPYMaster
For paid subscribers (or join for $9/mo in-article) - All About $UPRO, Your Ticket To 3x America's Finest
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If You Still Believe In Corporate America - Consider $UPRO
Warren Buffet’s constant exhortation to his followers is, one, buy a bunch of See’s Candies and be sure to rent your furniture from one of my outlets. Oh, and two, if you aren’t a ninja-grade stocks master, just buy a cheap S&P500 tracker and go worry about something else whilst Corporate America looks after your money. And in point two at least, his not-investment-advice has been absolutely correct since, er, ever. The S&P500 has some bad days, weeks, months and the occasional bad year, but by and large it’s fit and forget, don’t bet the farm but keep feeding it dollars on the regular - dollars you don’t need so can leave with it to look after for a long time - and after a number of years of doing that you will be rather surprised at how many dollars it can give you back. And the most popular S&P500 tracker of all is $SPY, of course.
Yesterday in Honey, I Nitrous’d The Cadillac we talked about $UDOW which is a 3x levered Dow ETF; today we turn our attention to $UPRO, a 3x levered S&P500 ETF from the same fund provider, ProShares.