Everyone knows someone who blew up his account due to improper use of leverage. The term "leverage freak" comes to mind. But there are ways to use leverage without dealing yourself a financial death blow.ProFunds just launched a series of ETFs that are designed to capture twice the move of the underlying indices mimicked. Because the most common equity benchmark is the S&P 500, I'll comment on the ProShares Ultra S&P500 fund (SSO).
New ETF Offers Leverage and Pitfalls
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