Ben Felix | Investing With Leverage (Borrowing to Invest, Leveraged ETFs) @BenFelixCSI | Uploaded December 2019 | Updated October 2024, 8 hours ago.
What do you do if you are not concerned with volatility, and are willing to take on even more risk than the stock market has to offer? There are two options: reducing diversification, or using leverage.

References in this episode:
- Life-Cycle Investing and Leverage: Buying Stock on Margin Can Reduce Retirement Risk: papers.ssrn.com/sol3/papers.cfm?abstract_id=1149340
- Lifecycle Investing: A New, Safe, and Audacious Way to Improve the Performance of Your Retirement Portfolio: amazon.ca/Lifecycle-Investing-Audacious-Performance-Retirement-ebook/dp/B003GYEGK2
- Embedded Leverage: docs.lhpedersen.com/EmbeddedLeverage.pdf
- Why Do Most Investors Choose Concentration Over Leverage?: aqr.com/Insights/Research/Alternative-Thinking/Why-Do-Most-Investors-Choose-Concentration-Over-Leverage
- Leveraged ETF Rebalancing: An ETFdb.com Guide: etfdb.com/leveraged-etfs/under-the-hood-of-leveraged-etfs
Path-Dependence of Leveraged ETF Returns: https://www.math.nyu.edu/faculty/avellane/SIAMLETFS.pdf.pdf
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