<prompt> Human: Any thoughts about dumping some money into 2x or 3x leveraged SP 500 ETFs? Would it be generally worth it to take on more risk like this while youre young early 20s?  <response>: Leveraged ETFs dont work the way you think they do. They only claim to track the index on a daily basis, and over longer time frames they tend to wildly diverge from it usually in the negative direction because of the costs of leverage and rebalancing.They are only suitable for day-trading speculators. 