Leveraged ETF's

[FastNLoud]

What are peoples opinions on leveraged ETF's?
Do you use them? Do you aviod like the plague? How long would you hold one for? Interested to hear peoples thoughts.

[FastNLoud]

My (amateur) thoughts are if you are going to invest in a tracker for 30 odd years (im in my twenties) why not do it in a leveraged fund to multiply the potential gains. However the more i have read about them the more i hear 'you should only hold them for days at a time' or avoid unless you are warren buffet. Like has been mentioned the world seems perfectly happy leveraging a depreciating assest but runs a mile from a potentially appreciating asset.

Edited by FastNLoud on Thursday 18th April 19:13

[FastNLoud]

So you guys wouldn't go near the leveraged ETF's on Hargreaves Lansdown for example?