#erx

Financial Advisor invested my money in ERX and UBOT — 2x leveraged ETFs. Is this bad?

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Financial Advisor invested my money in ERX and UBOT — 2x leveraged ETFs. Is this bad? Hi, I’m starting to have concern over my financial advisor investing all of the money in my Roth IRA (granted, not much, I am only starting out) in Vanguard ERX and UBOT, which look to have high betas (?) and just, on the surface, appear volatile. Should I feel concerned about his decision? submitted by /u/Abject-Ad8463

Reddit Personal Finance 474 2024-12-25