Posted by 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:


For further reading:


Benjamin Graham, The Intelligent Investor

Jason Zweig,The Devil’s Financial Dictionary

Jason Zweig, Your Money and Your Brain

Jason Zweig, The Little Book of Safe Money


Articles and other resources:


How Managing Risk With ETFs Can Backfire

How Huge Returns Mess With Your Mind

Are You Really Crazy Enough to Buy a Quadruple-Leveraged ETF?

A Bored Investor Is a Dangerous Thing