Have $5000 - Should You Buy SPXL?

Have $5000 - Should You Buy SPXL?

Key Points in This Article: Low-cost S&P 500 ETFs or mutual funds average 10% annual returns, and only 10.5% of active mutual funds beat the S&P 500 over the last 10 years, with active ETFs under 20%. It makes plain vanilla index investing the best option for most investors. Direxion Daily S&P 500 Bull 3X Shares (SPXL) targets 3x daily S&P 500 returns, has far outperformed the index since its inception in 2008, boosted by long-running bull mar…