Also left out is that the 3x funds are 3x daily volatility, not total returns.
But this kind of idiocy is rampant in the retail financial space. I've seen all kinds of stupidity and scams with clients. One guy came in with a sheet of bonds from an old Chinese railroad company bonds from the late 1800s. He's going to make millions! I point out that the company that issued the bonds and the country it was based in no longer exist. I point out that these bond sheets from this company are kind of collectible and show him the listings on eBay that go for about $15. But no, millions I tell you, millions!
You can't save people from themselves.
Forever SMH.