FINRA (Financial Industry Regulatory Authority) has issued an investor alert regarding leveraged ETFs. The alert can be found at :http://www.finra.org/Investors/ProtectYourself/InvestorAlerts/MutualFunds/P119778
For those of you who have your money managed by someone other than yourself or me, you may want to check your statements to see if you own any of this type of investment. They are really meant to be used for short term trading strategies (never recommended for the average investor) and are not meant for the long term, buy-and-hold investor.
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