Is SOXL not suitable for the long term?
Year-to-date performance current value.
SOXL -> 23.99%
SOXX -> 20.64%
SP500 -> 17.43%
NASDAQ100 -> 15.01%.
I decided to hold it for 6 years after determining that the performance of SOXL would greatly improve until 2030, and I think we should determine whether it was suitable for long-term holding based on the performance from now on.
Even considering the history so far, it has performed as well as, if not better than, the SP500. However, if you focus on the period when it is likely to rise over the next few years and hold it, it will generate a disruptive return.
That's why I decided to hold it for the period until 2030.
Since the volatility is high, mental stability is the most important.
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