These leveraged funds are a cheap way for retail investors to access leverage and don't require you to take a margin loan that can be called during a market crash. Using leverage judiciously may be wise for the younger investor to spread out risk over a lifetime. https://www.bogleheads.org/forum/viewtopic.php?t=274390 Greater regulation for ETN's would be appropriate but not for leveraged ETFs
Eugene Gaspar Comment On Regulatory Notice 22-08
These leveraged funds are a cheap way for retail investors to access leverage and don't require you to take a margin loan that can be called during a market crash. Using leverage judiciously may be wise for the younger investor to spread out risk over a lifetime. https://www.bogleheads.org/forum/viewtopic.php?t=274390 Greater regulation for ETN's would be appropriate but not for leveraged ETFs