This Fund Is Up 7,298% in 10 Years. You Don’t Want It.

Posted by jasonzweig on Aug 16, 2020 in Articles & Advice, Blog, Columns, Featured |

Image Credit: Alex Nabaum

By Jason Zweig | Aug. 14, 2020 11:00 am ET

Few funds in history can rival the returns of ProShares UltraPro QQQ, a $7 billion exchange-traded fund that seeks to triple the daily performance of the Nasdaq 100 index.

Yet fewer can rival its risk, and you can lose money on it even in a flat or rising market. You should think three times before investing in such a fund.

Commonly called by its ticker symbol, TQQQ, the fund returned an average of 51.5% annually over the 10 years ended July 31, making it the single best-performing mutual fund or ETF of the past decade, according to Morningstar Inc. Over the 10 years through Aug. 13, the fund has earned a cumulative gain of 7,298%.…

To read the rest of the column:

https://www.wsj.com/articles/this-fund-is-up-7-298-in-10-years-you-dont-want-it-11597417224

For further reading:

Books:

Benjamin Graham, The Intelligent Investor