SPYU: A Great ETN For Savvy Investors

RichVintage/E+ via Getty Images Once upon a time, a fund like the recently introduced MAX S&P 500 4X Leveraged ETN (NYSEARCA:SPYU) would have likely taken a beating by investment analysts for its irresponsible exposure to risk. About seven years ago, it felt lonely to be one of the very few writers seeing the benefits of investing in leveraged funds, even (and especially) in the context of long-term strategies, if and when done reasonably. Now, I am glad to see others, including on Seeking Alpha, appreciate ...