Should Long-Term Investors Steer Clear of Leveraged ETFs?

Who wouldn't want to consider themselves a "pro" at investing? So when you see an exchange-traded fund called UltraPro S&P 500 ETF (NYSEMKT: UPRO), you might think you've found the perfect tool to build wealth. Over the past year, it has beaten a boring old S&P 500 index fund like Vanguard S&P 500 ETF (NYSEMKT: VOO) by over 10 percentage points. Think twice before you buy UltraPro S&P 500 ETF; the leverage it employs may be more than you can handle. What does UltraPro S&P 500 ETF do? UltraPro S&P 500 ET ...